"100x Super Strong Stocks" is a paperback book written by [American] Jesse C. Stine and published by Guangdong Economic Press. The price of this book is: 49.80 yuan, number of pages: 300. In the article, I have carefully compiled some readers’ comments. I hope it will be helpful to everyone.
Thoughts after reading "100 Times Super Powerful Stocks" (1): Forgive my timidity, it reminds me of "Once Upon a Time in Qingdao"
Forgive my timidity, it reminds me of "Once Upon a Time in Qingdao"
Read "100x Super Strong Stocks"
I watched "Once Upon a Time in Qingdao" two days ago, and the more I watched Chen Tianyou, the more he looked like Yang Kang, played by Miao Qiaowei in "The Legend of the Condor Heroes".
Fortunately, he is a good person.
Wang Mancang, starring Huang Bo, made two perfect futures transactions. The first time was to make rice. He helped his good friend Chen Tianyou to redeem the lost land. The second time was the veil. He made Yoshimura bankrupt and couldn't even afford a ticket to return home.
But what I care about is not Wang Mancang’s two highlight moments.
What impressed me deeply was that Wang Mancang’s daughter-in-law, Xiaoman, had always held a contemptuous attitude towards Mancang and tried her best to ridicule him. But when Wang Mancang defeated Yoshimura for the first time, Xiaoman took his guy to the Quying Exchange to trade, and said: What's so difficult about this thing? The money came in too quickly.
The person who admired him the most was Wang Mancang. After he learned the news, he trotted to the quotation station, pulled Xiaoman back, and said solemnly: Deyouju will never do futures trading in his life.
What is rare is Wang Mancang's sobriety. Very suitable for my temper.
Because I have always been a fool. I can't do this kind of opportunistic work.
There are also stock traders around me, and some of my classmates use the money earned from stock trading to buy cars and houses.
But I was unmoved. Because I once speculated on paper gold. not much. Overall, I lost several thousand dollars.
Those were really crazy days. Every day was like taking a shot, staring at the price curve all the time. How much it rose yesterday is how much you will earn by selling it. No matter how much the weather dropped today, we will calculate how much it will fall in the future. Everything in life is no longer fun, everything revolves around the rise and fall of gold. However, the situation was not good in that period. I bought it at more than 300 yuan, kept falling, kept falling, and occasionally rebounded, but it was insolvent. Finally, I decided to stop the loss and sold at around 260 yuan. Pull away.
That was a lesson.
I read "100x Super Strong Stocks", the subtitle is "How I made 6.8 million from the stock market with 48,000 in 28 months." I haven't finished the book yet. I just read the first few chapters, and the author is still in the stage of paying tuition fees. Keep trusting your own judgment and keep losing money. Of course, I believe that there will definitely be some practical experience in the passionate stage of meeting friends later.
However, I have decided that I will never get involved easily again. It is true that wealth can be found in danger. But people’s lives are really different. There was once an organization that bought sports lottery tickets in a planned way, and lost thousands of dollars again and again.
There are indeed genius investors like Soros and Buffett, but most of them are unknowns like me. You can do it for fun, but at the very least it should be treated as a subject and you should do enough theoretical homework. Some people say that you will never learn without practice. But it comes at a cost of money, a small business. Can't afford it.
I was chatting with the editor a few days ago and talked about this book. After reading this book, I plan to practice it. The editor quickly issued a disclaimer. If you earn it, it's yours. If you lose money, you will not be held jointly and severally liable. I said yes, if I really lose money, you will take care of my funeral affairs, such as suing the author of this book.
The editor said, OK, feel free to go.
The wind is rustling and the cold wave is rolling... so sad.
Thoughts after reading "100-fold Super Strong Stocks" (2): Reading "100-fold Super Strong Stocks" by Jesse C. Stine
There are usually three types in this world Investors: investors who make things happen, investors who watch things happen, and investors who can't figure out what happened, basically correspond to large institutions, professional investors, and ordinary retail investors. The author of this book is a good contrarian investor, and the style he recommends to be good at finding small-capitalization, high-growth stocks at the bottom is very reasonable.
Stein first told the history of his ups and downs in the stock market. At first, he was just an amateur stock investor and lost all his principal and profits several times. But through hard study and independent thinking, he finally figured out an effective investment model. Overall, Stein combines contrarian investing, value investing and technical analysis, which makes him almost invincible in specific operations.
First of all, you must be good at buying when others are pessimistic and selling when others are enthusiastic. If you want to obtain long-term returns in the stock market, you must be good at risk control. The most successful long-term investors are those who are well versed in predictable risks.
When the media or institutions sing praises, they must be vigilant about the market outlook. When Murphy's Law comes into play: If there is a possibility that things will go bad, no matter how small the possibility is, it will always happen. For example, when Goldman Sachs releases a stock recommendation against technical indicators, it will most likely end in a disastrous failure within one or two weeks. When the media is extremely pessimistic, the industry is generally about to undergo a reversal. For example, the media generally pessimizes the United States, but in fact the United States is still a powerful country. It may be other countries that have "lost their way." When everyone gives up hope, rather than when everyone seems fanatical, it is a low-risk window of opportunity.
Second, we must carefully explore the value of individual stocks and spend 97% of our energy carefully studying potential high-quality strong stocks. The author's research and summary on low-market capitalization and high-growth stocks are very in-depth. He gives many methods and specific cases on how to select such stocks. He can always buy stocks with a price-to-earnings ratio of less than 10 times that make them highly profitable. The author generally will never buy stocks with a price-to-earnings ratio of more than 10 times. The principle is to obtain the most generous returns with the least risk. Buying a stock with good growth potential at a very low price can not only greatly control the downside risk, but also inject powerful information into the plan. If the price-to-earnings ratio of a potentially super strong stock is less than 10 times, you will definitely increase your position without hesitation. As long as the stock remains firmly above support, it's only a matter of time before it's discovered by a major trader. A truly super strong stock is like a rocket, which requires huge thrust (trading volume) to send it out of the earth's atmosphere (bottom). However, once the rocket enters the correct orbit, it can run in the predetermined direction without any more external force. There is no doubt that the best stocks often exhibit significant divergences between value and price. If you can accurately calculate the fair price of a stock and buy the stock at 50%-80% of the fair price, success will beckon to you. The ideal scenario is to find a company that combines high revenue with very low variable costs. Such a company is tantamount to a huge gold mine.
Third, we must be good at using technical analysis to discover the appropriate timing for buying and selling. When all the conditions have not been met and the market trend has not yet taken shape, do not take risks with your funds. Understand the current situation as much as possible and keep your distance from the market until spring arrives in the stock market. The author gives a method to discover the magical trend line of individual stocks, which is very helpful for grasping the rhythm of adding positions to individual stocks.
In short, this book is a rare and good book for both professional investors and ordinary individual investors in China. The experience gained by the author from actual combat can be quickly applied to the current capital market. As long as you are good at using the three magic weapons of reverse investment, value mining, and technical analysis, it is natural to achieve astonishing results like the author.
Thoughts after reading "100x Super Strong Stocks" (3): Theory is greater than practice
To be honest, I was still looking forward to this book, thinking it was about technical analysis.
After reading through it, I can only say that it is unsatisfactory.
I officially entered the stock market at the end of 2014. The market opened after New Year’s Day in 2015, and the market value reached a new high. I was visiting Tibet at the time, and when I took a look, I immediately felt very excited. Next, I watched the market value shrink little by little to a loss, then hit a new high, and then retreated. A new high. . . Over and over again.
This year is an experiment for me. I don’t expect to make much money, and I don’t invest much. I just hope to find a feasible investment method.
I have read a lot of books for this purpose, from value growth investment at the beginning to technical analysis later.
Looking at it now, it can only be said that the results have been minimal.
The title of "100 Times Super Powerful Stocks" is suspected of attracting attention. It is just like various articles reprinted in WeChat Moments and Taobao.com, emphasizing how much money has been made and how many times the market value has doubled. In fact, in In the stock market, there are always only a few people who can make money, and even fewer people who can make a lot of money. The author’s 100-fold experience in 28 months is not replicable. Success in the stock market depends more on luck. Even I may not always be able to replicate my previous success.
Therefore, I read this book more as a story book. Knowing that there are such people who have achieved success in the stock market and achieved financial freedom motivates me to pay attention to the stock market.
Thoughts after reading "100x Super Strong Stocks" (4): Things in the story
Things that can make people money are always interesting and interesting. There are many ways, and the most effective one is of course story packaging. A place that has a story and can bring benefits is so popular that people flock to it. Now that I have used the flocking method, I can see my attitude. Okay, don't sell it. This place is the stock market. The stock market has never lacked stories. It is difficult to tell the truth from the false. For an expected development, people will devote all their enthusiasm to increase its "value". When the craze subsides, nothing will happen. The title of "100x Super Strong Stocks" is simple and crude enough, with a clear beginning. This is a book that teaches stock picking. As for whether U.S. stocks and large A-shares have the same characteristics, I will not discuss them. I only look at the author's thoughts and mood as a full-time trader.
Traders and investors are not the same concept. Trading is just for trading. There is no emotion or likes and dislikes. It is just trading. If it falls below 20%, stop the loss directly. This is not the case with investing. You have feelings. You I can’t part with it, I can’t throw it away. I just saw the famous goalkeeper Buffon getting stuck in the investment quagmire a while ago and was almost dragged to the brink of bankruptcy. From this point of view, A-shares are better, there is always ST, and there is always the value of the shell, even if 40% of listed companies' annual profits cannot buy a house in Beijing, Shanghai, Guangzhou and Shenzhen. How important it is that all eggs are not in one basket. If you invest in a stock foolishly, once you encounter a black swan, you will have no choice but to hand it over. When talking about trading, there are often various investment models, such as the 28 and 28 turtles that everyone is familiar with. Good traders really do not take joy in things and do not take sorrow in themselves. People are not machines, so the stock market has only one story, which starts over and over again, that is, profit At his peak, Fermor earned one-tenth of U.S. GDP through trading, but he still could not escape the fate of committing suicide. Okay, so many digressions. I just want to say that it is not easy for a reader who is relatively familiar with financial stories to read a cool book patiently. There is often no skill in the stock market, or in other words, the biggest skill is to be like a machine.
This book naturally has a rhythm that first suppresses and then expands, which is what readers like me value more. "I made several fatal mistakes: over-leveraging, using options trading, buying stocks that were still in a downward channel, doing overall market trading, not setting stop loss points, etc." These are the mistakes that almost every trader in the stock market makes. Was it a mistake? Buying the bottom is unfathomable, and history often has no basis for reference. When people feel tired after doing something, they often turn to metaphysics. The author does the same, diving into the wilderness and repairing. "After living in these small villages for some time, I can honestly say that the level of contentment and happiness found in most people I meet in developing countries is far greater than that found in most Americans. I found a The formula for happiness: a simple lifestyle + no debt + an independent community + sunshine + a close family + getting along with nature every day = a bright smile. "I agree with these. The acquisition of money does not necessarily bring happiness. . As ordinary people, the most important thing is not to take trading as a profession, but to do what you can, be able to withstand it, and enjoy it. As for stocks that are 100-fold strong, it’s important to know what you need. Excessive speculation will make it difficult to keep wet shoes by the water. Recently, Chinese concept stocks have returned one after another. How painful it must be for American investors.
The memory of failure, reflected by numbers, may not be so profound. Numbers are easy to lose, easy to change, but not easy to get. "Returns never come easy, and I endured several significant drawdowns along the way. Despite these setbacks, my personal portfolio's market value soared from $152,000 (June 2004) to $267,000 (October 2004). Then to $586,000 (December 2004), $12.3 million (February 2005), $213.0 million (May 2005), $446.0 million (July 2005), $580.000000 (September 2005), until January 2006 To $680,000,000. I didn't have any other source of income during this period. As you can imagine, it was an absolutely thrilling time. "Well I still say, no leverage.
In view of the fact that the Chinese stock market is too keen on telling stories, the mentality of retail investors, and the theory of value are not very marketable, the technical analysis in this book is difficult to transplant directly. What is more advisable is when facing losses and investments. mentality. As the world becomes more harmonious and the U.S. stock market on the other side of the ocean falls, so does the A-share market. Books like this have reference value. However, there are still fundamental differences between the bullish trend of U.S. stocks and the bearish trend of A-share stocks. Anyone who really reads the book and plays investment is really what is in the story, so be careful, be careful.
February 26, 2016
Thoughts after reading "100-fold Super Strong Stocks" (5): Comments on 100-fold Super Strong Stocks
The stock market has evolved from a niche market Things that only people can come into contact with and operate have slowly become a matter of great concern to society. Now many uncles and aunts are also involved. Originally, I was a person who didn't pay attention to this information at all, and I began to learn relevant knowledge from the news or books.
Thousands of news hit us every day, but the stock market is a battlefield without smoke. Those who win can laugh and enjoy life. And there are many people who fail and lose everything. Generally speaking, when it comes to stock trading, no matter how afraid you are of being radical, people with such a mentality often suffer big losses.
When I first started studying this aspect, I started with the news, worried about useless things, felt the impact that some information could have on the stock market, and then judged what the entire market should look like. These are just personal hobbies, not professional. Although there is no real breakthrough, I feel that this is a test of IQ and mental endurance. Especially when watching friends engaged in this field of work, how to hold on when the stock market drops all the way is really a test of one's psychological quality and endurance. In this regard, I admire those who have the guts to win but can also bear to lose.
I have read many books and traveled many roads.
I may never step into the maelstrom of the stock market in this life. However, I really like to read other people's views and opinions on the stock market. From this, we can also see a person’s ability.
Of course, there are also some basic terms that you need to know. These things are also detailed in the book. It is said that finance is closely related to life, so stock trading is also closely related to life. Each company's stock is to examine the company's operating conditions. These must be understood by the company's statements, which can always reflect certain problems. I know too little about this market. I need to read more books and learn more from other people’s practices. This can be applied not only to the stock market, but also to life.
Learning to invest and invest well is not an easy task. It requires continuous learning and keeping up with the changes in this society. How other people do it, we can always see the shadow of some people in the book and learn from it.
Thoughts after reading "100x Super Powerful Stocks" (6): Different Roads
Although I have never traded in stocks, for people like me, I may never trade in stocks. , I don’t want to waste that time, and I don’t want to waste those financial resources. Even if I want to make a fortune, I can at most open a store or set up a small entity. Of course, I don’t want to avoid finance. I have tried investment funds, foreign exchange and options. The former is okay, but the latter are not my cup of tea. Therefore, for stock traders, the most valuable part of this book, the technical part, is basically incomprehensible and not of much interest, but the content in the first and second parts still makes me feel something. After all, Investment, especially the stock market, is closely related to the personal life of stock traders, mainly emotions and psychology. Perhaps the ancients are right when they say "opening a book is beneficial".
Coincidentally, I have just read "The Motorcycle Diaries", the biography of revolutionary Che Guevara in his youth. It is surprisingly similar to the "mini-retirement" the author mentioned after losing in the stock market. The only difference is that The former happened much earlier. When traveling, he was basically a proletarian and penniless. I think that is called wandering, not traveling. However, the author of this book took a small retirement with modern electrical appliances, laptops and iPods. The material class is not at the same level, but their footprints are very similar, "traveling to Laos, Colombia, Peru, Ecuador, Chile, Argentina, Uruguay", etc., and the changes in their mood before and after the trip are also similar, Guevara feels I have completely changed as a person, at least in my heart, and the author also believes that "this is a very necessary journey of self-discovery". Perhaps it is all about finding what you want to do most when you are young. The former chose Revolution, the latter chose the stock market. The experiences during travel are also somewhat similar. There are many storms and tribulations, which may be closely related to the success of the subsequent career, because these twists and turns, like the twists and turns experienced by all great people, allow the parties to have the passion for creation and eternity. The spirit of non-stop learning. Although the author's path does not seem to be a path less traveled, he believes that he has embarked on a path less traveled, which means that the choice and direction when walking this path are different from others. Different, for example, he believes that in the process of stock trading, one must maintain independent thinking and be less affected by public information and group thinking. This is very different from many people's stock trading thinking. Maybe it is also the reason why most people fail in stock trading? Perhaps it just shows that no matter which industry, if you want to achieve success, you should maintain the spirit of independent thinking.
Naturally, the author writes such a book with the purpose of motivation, and motivation is indispensable with psychological knowledge. Therefore, the author mentioned the role of reading on his own road to success, and only mentioned the professional content. There are a few books, but most are about psychology. The author believes that the theoretical guidance in this line of books is very limited, just like the principle of learning to swim. Only by deeply testing the water can you become a master and achieve wealth and freedom. Of course, I don’t think he is the same type of person as Guevara. He just had a similar experience. Maybe different eras and different personalities destined different fates and deeds.
But even if we are in the same era, so what if we have similar personalities? They may still take completely different paths. Let me end my thoughts with a famous poem by the American poet Frost (with two Chinese translations) Edition):
Original poem:
The Road Not Taken
TWO roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth; 5
Then took the other, as just as fair,
And having perhaps the better claim,
ecause it was grassy and wanted wear;
Though as for that the passing there
Had worn them really about the same, 10
And both that morning equally lay
In leaves no step had trodden black.
Oh, I kept the first for another day!
Yet knowing how way leads on to way,
I doubted if I should ever e back. 15
I shall be telling this with a sigh
somewhere ages and ages hence:
Two roads diverged in a wood, and I— < /p>
I took the one less traveled by,
And that has made all the difference. 20 A Road Not Taken
[US] Frost Square Ping Translation
There are two diverged roads in the dark yellow forest.
Unfortunately, I, a passerby,
cannot step on both at the same time. A journey,
I stood there for a long time, looking towards a road from afar,
until it curved and my view was blocked by bushes.
So I chose another one, which was no worse than that one,
Maybe I can give a better reason,
Because it has green grass, Waiting for people to trample on -
In fact, when it comes to leaving footprints,
There is no big difference between the two roads.
That morning, there were two roads, almost the same,
both buried under the fallen leaves that had not been stepped on.
Ah, I save that first road for another day!
But I know that one road leads to another.
It is hard to say whether I can return to the old place in the future.
How many years have passed, how much time has passed,
I will sigh and mention the old things:
There are two roads in the forest, toward the Going in two directions,
and I - I took a road less traveled,
which brought a completely different scene.
The Road Not Taken
Translated by Hacker
In the golden woods, one road * becomes two
What a pity! I couldn't walk on them both at the same time
As a traveler, I stood there for a long time
Looking as far as I could at the end of a road
See It curved and disappeared deep into the jungle
I chose another one that was equally charming
Perhaps, it looked more attractive
Green grass , full of vitality and charm
Although, the path taken by the pioneers
is exactly the same as the other one
This is early morning, two roads Before me
No new footprints have been found on its fallen leaves
Oh, I leave this other road for another day
But I know it in my heart One road will lead to more roads
Someday, somewhere many years from now
I may recall and recount this moment:
There were two roads to take in the forest.
But I chose the one rarely taken by people
Hence all these different things
< p> Thoughts after reading "100x Super Strong Stocks" (7): 100x Super Strong StocksThe general public does not use statistical thinking when making market decisions, but instead allows various emotional biases to rule their lives. People always avoid risks when faced with profit opportunities, but choose to take risks when faced with losses. Among people who have made a fortune, 90% still live the same life as before.
All media have a significant tendency: to focus only on events that have already happened. If any mainstream media practitioner had a little bit of the ability to predict the future, I think he would definitely choose a completely different career development path.
Historically, strong industry comebacks have often occurred when the media promoted bankruptcy narratives.
After being told over and over again not to do something, we become convinced of it. Gradually, mental hardening begins to form, and our thinking becomes rigid. We instinctively refuse to do things that others think are impossible. When it comes to Wall Street, we're accustomed to thinking that beating the market over the long term is impossible.
It is precisely because of this belief in the future that this group of optimists can remain calm in the face of crisis and can easily pick the low-hanging fruits when others are surrounded by fear.
Loss makes you strong, while profit makes you vulnerable. The mood swings caused by huge profits are more intense than those caused by losses.
To achieve success in investment, self-discipline is much more important than intellectual factors.
A disciplined investor will not react haphazardly just because the portfolio he holds fluctuates. If we imagine the possible consequences in advance, we will not have excessive emotional reactions when it does become a reality.
There is a strong correlation between self-discipline and life satisfaction. If you can always uphold the spirit of self-discipline in your life journey, you will not only achieve great success in the market, but also gain greater happiness and satisfaction in other aspects of life.
The more frequently you pay attention to the market value of your account, the worse your investment performance will become. Unless you have to pay tuition tomorrow, I suggest you pay less attention to stock market capitalization.
When the market value of your account continues to shrink, excessive attention will undoubtedly put you into a terrible state of "revenge trading". Revenge trading refers to the abnormal behavior of significantly increasing the position of a stock with uncertain trends in order to recover previous losses.
Don’t blame yourself after a loss, give up worrying about it, accept the reality calmly, and then continue to pay attention to new opportunities that will continue to appear in the future. In this case, have a positive attitude and learn to regulate your emotions. If you can’t control your emotions, then subconscious negativity will get the better of you.
The world's greatest athletes, businessmen, traders, and salespeople are not afraid of making mistakes. They are like toddlers, inexorably wired to make mistakes. Making mistakes in trading is normal, and by recognizing this, you can greatly reduce the likelihood of making mistakes out of fear.
What makes me money is not my ideas, but my patience! Persistent patience, this is the truth in the stock market.
Successful trading does not require you to constantly collect evidence to verify its correctness, but it requires you to systematically examine the most basic elements while ignoring other irrelevant information. Reducing focus can increase profitability.
Warren Buffett said that while the strategies we adopt require us to be smart enough, they don’t need to be right every time—just a few times. In fact, now we are satisfied as long as we can make an accurate decision every year.
There’s something magical about narrowing your focus and focusing on becoming an expert in something.
People's need for complexity is all caused by insecurity, which leads them to try to prove in some way that they are different. Because possessing some secret knowledge makes us feel special in a way that mere possession of simple truths cannot. This mentality drives us to believe that we possess some special knowledge to prove that we are superior to others. Our self-respect is not satisfied with merely grasping the truths that everyone knows. Keeping secrets is a need for self-respect.
The stock trend chart is a graphical representation of the public's emotions and psychology.
99% of investors are subconsciously willing to invest in their favorite companies. When investors do their due diligence on a company and develop an emotional connection with the company and its products, most people gain an emotional satisfaction that subconsciously trumps the potential financial gain.