TAG | phenomenon
I’ve always heard people complaining the China’s stock market, complaining the performance of listed companies, complaining the bad economic policy from Chinese Government, complaining the inaccurate inside information from friends or websites, etc. They complain everything, except themselves.
When I asked these kind of people how much time they have spent on it and how many books about the stock market they have read, the most common answer is: “I am too busy, I have no time to study.”
This weird phenomenon in stock market always makes me feel funny.
The stock market is one of the most dangerous battlefields in human history besides war. More than 90% stock investors lost their money, less than 10% stock traders won money from this huge and dangerous Casino. It means, if this was a war, more than 90% soldiers would be wounded or be killed.
The most funny thing is, all the soldiers get very strict training before they fight in the battlefield, and be drilled every day, but in stock market, most stock investors spend no time for study. When they buy stock, lots of people spend several minutes to analyze and then make their decision, some people just follow others suggestions to choose stocks. It’s unbelievable, even buying a cell phone, they spend more time then choosing their stocks.
When we take an exam, we spend lots time to prepare, we read books, we analyze the practice tests…
When we study English, we work at it, we devote lots time to read, to listen, to write, to speak…
But when people buying stock, they forget this, many people believe they will be the lucky dog to make good money from this Casino.
Dreaming to reap without sowing, no wonder lots of people lose money in the stock market.
I am lucky to be one of 10% speculators who won profit from this dangerous Casino, actually, I made money from stock market to support this website. I have been reading books about finance and security every day, keeping diary trading record every night, analyzing every deal I have made… I spend lots of time to study, but I still feel not easy to be one of the winners in this battlefield.
“There’s no such thing as a free lunch” is an absolute truth in lots of fields especially in stock market. That’s what I have learned from my securities trading experience.
