The real strength of the principles of professional speculation is not to teach you how to read a few graphics, but to build a trading system for professional players。
Many people feel that the market is like a casino, selling and selling with feelings and information, and that it always earns less. It's not about luck, it's about the lack of a complete market response. The classic by victor sporndy, the legendary wall street trader, was created to solve this problem. It suits everyone who takes investment seriously and wants to move from “amateur players” to “professional thinking”。
It is not a “secretary” for making you rich at once. Rather, it starts by teaching you how not to lose money — guaranteeing capital is the first of its three pillars. It refines the deep dow theory into the “trends of 1-2-3” and the “trends of 2b” that ordinary people can use, so you can see whether the market is moving or not。
But its depth goes far beyond technical analysis. Victor has devoted a great deal of time to the nature of economics and mass psychology, because it is with that understanding that you can understand the “why” behind price fluctuations. It'll help you get out of the short-line anxiety of staring at the screen, and learning to assess opportunities from a larger pattern. The section of the book on risk management and self-awareness is more at the heart of the transaction: in many cases, the victory in the market is based on self-control。
The book, a classic by global traders, is providing a complete closed loop: from market recognition, to specific methods, to mind management. Every time you reread, as your experience grows, there's a new understanding. It doesn't give you a simple answer, but it gives you a set of continuously profitable thinking tools。
If you're tired of fragmented knowledge and trying to build a solid system for your investment, then this time-tested "professional principles " is worth reading at hand. If you want to upgrade your investment thinking, take it home。
