Jiang's last major book, 45 years on wall street, published in 1949, is a book whose theory has been open about winning in the market for decades。
According to jiang, the main reasons for the losses suffered by investors in market sales are three:
1) excessive trade in limited capital。
(2) the investor has not set up more than corrosive plates to control the loss。
3) lack of market knowledge is the most important cause of loss in market sales。
So the advice of jane to all investors is to study the market carefully before you lose money. Before entering the market, investors must understand:
1) you may make the wrong trade decision
2) you must know how to handle mistakes
(3) access to the city must be based on a set of established rules and must never be blindly speculated about its development。
4. Market conditions and times change frequently, and investors must learn to follow the changes in the market. Market history is repeated over time and under market conditions。
While these are old-fashioned, the jiang theory can be powerful in the light of the 12 important rules of trade that jiang has provided。
Jiang, summarizing 45 years of investment and trading on wall street, has written into 12 trade rules whose importance is self-evident。
Gang's 12 rules of sale
(a) determining market trends
Purchased at single, double or triple levels
3 based on the percentage of market fluctuations
4 up and down for three weeks
5 market segment fluctuations
Trade with fluctuations of 5 or 7 points
(b) 7 barter
8 time factor
Buying when there are high and low points or new heights
Deciding on the shift in trends
The safest places to trade
12. Price volatility in fast markets。
Jiang, above the twelve rules, has set up a whole system of trading and buying. Essentially, the method is purely technical, whereas the method of buying and selling is based on following the market and is completely different from his predictions. The clear separation of market sales from market forecasts is where he succeeded。
21 codes of practice for jan?
The founder of the well-known jiangn theory, the world-class master in the history of the securities market, won a total of $350 million from the market (born in 1878), with over 80 per cent success in his lifetime of speculative skills. In the eyes of today's investors in the securities market, he was indeed at the top of the list of almost “gods”, and the “gods” he created still enjoy the same difficult and incomprehensible status as “gods”。
When we look at jiangn as a whole, however, we find that jiangn, the master of prognosis, and the master of the market, although he is the same person, clearly and calmly separates his theory of prognosis from that of practice: while the prognosis is serious (jean publishes an annual forecast of his market and economic situation for a period of time), in practice it is not entirely self-inflicted, but rather he follows the rules of his own trade, and he makes the prognosis subject to the rules of the trade. The prognosis is correct, not contrary to its rules, and he works in the direction of prognosis; when it is not, he uses the rules of the trade (e. G. A stop-loss statement) or amends the prognosis, or simply withdraws。
♪ trade rules take precedence over predictions! That's the real secret of jiang's victory. ♪。
Yet so far, many stock market investors have thought that jiang has won a market victory based solely on his magic theory, and have gone to study the theoretical system of digging for jiang, hoping that once the gold key to jiang will be held, it will win every battle in the stock market. And this is really a perception bias。
– there are still a lot of people looking for other methods of predicting, and hoping that one day they will find the kind of secret weapon that will make him a winner for all time, so that he can relax and win forever。
? Unfortunately, it's like creating a permanent motive, and it's a big misperception about the theoretical value of predicting stock markets. Why do you say that jane's success and his rules of sale take precedence over his predictive theory
Let us look at the masters who have created such a profound theory of prognosis, while at the same time establishing and firmly implementing 21 rules for the purchase and sale of jiangn. Jiang has built his incomprehensible predictive theory like god, and he has developed his code of conduct and won it in the market, like our small human stockholders — master jiang
21 stock sales codes by jan:
1. The loss shall not exceed one tenth of the amount of the funds each time the purchase or sale takes place。
2. Always establish a stoppage to reduce the loss that may be incurred in the event of a trade error。
3. Never sell。
4. Never allow the holding of positions to be reversed。
5. Never reverse the city. When market trends are not apparent, it is preferable to be present and see。
6. Suspected, i. E. Peaceful departure. When entering the market, they must be determined and reluctant to enter the market。
7. Trade only in dynamic markets. It is not appropriate to operate when the trade is light。
8. Market entry and exit are never set at the target price level and are not restricted to market entry and exit, but are subject to market trends。
9. In the absence of proper justification and in the absence of a silo to be held, the margin of profit may be secured。
10. After a vagaries of markets, part of the profits may be withdrawn for exigency。
11. Stock purchases are strictly dependent on a share of interest. (commerce difference first)
12. When the sale is lost, the gamblers add up in order to seek a share of the cost。
13. Do not enter the city for impatience, nor settle for impatience。
14: win or lose. Cut it out. Don't make any money
The loss of position at the time of entry should not be cancelled indiscriminately。
16. It is too much to do, and it is not appropriate to buy or sell too much。
17. There should be more than unilateral action。
18. Don ' t let the price be too low, nor let the price be too high。
19. Never again。
20. Try not to add pyramids when they are inappropriate。
21. To avoid distorting the trading strategy of holdings without proper justification。
As an ordinary operator, do not try to adapt these codes to your operation. Unless you are very clear in your belief that you can go beyond these codes, compliance with them is more beneficial to your financial security than trying to go beyond it。
