Li Yajun snorted coldly and retorted: "So you second generations are all lucky in your previous life and were born in a good family, otherwise you wouldn't know where to move bricks now!"

Old Tan showed a smug smile and elegantly signaled that the other party didn't care. Li Yajun clearly felt the interest of Johnson and continued: "At the worst time in 2008, 300,000 shares were pressed to the limit down and it took a whole day to sell them all. The next day, he had to continue gritting his teeth. It was really a heartbreaking."

"Those days and nights couldn't sleep, and were wandering in the community, my mind was full of stocks. Even if the peerless beauty lies in front of me with her legs spread, she might not be able to get hard!"

"By 2009, it was a bull market for CSI 500, and it was a bit embarrassed to not be red every day. I felt like Brad Pitt was star-studded, full of sexy fires that burned the world."

"The pride is better than the water of the Yangtze River, and the mountains and rivers are full of morning sunshine. Sometimes I think, maybe one day I can stand on the rooftop like Tony Leung in the Infernal Affairs, and say that handsomely: Sorry, I am the fund manager!"

"Now every day when you open your eyes, you have to delete 40,000 unread emails in your email. 100 unread text messages were added to your mobile phone, and dozens of unanswered phone calls were studied. I was studying materials from morning to night. In the first hour, I was discussing the investment direction in the next five years, one transformation and two adjustments. The following topic immediately turned into the cost of dams for raising sea cucumbers..."

"Last year, I finally went on vacation and vowed to let investment take up all the time at Waiki Beach, slowing down the pace, but after I came back, I still couldn't stop at all."

"In the private equity industry, dress, age, and company size are not important. The only thing that matters is that you must obtain absolute excess returns that match the risks."

"Performance, performance, or performance. No one cares about your appearance, age, experience, and only cares about your investment value and whether you can continue to make money in the market."

"So you are just a number in the company. If you have a bad performance, you are a bad person. From your mother-in-law to your sweeping aunt, you will look at you with pity and contempt."

"Last month, I met someone on a high-speed train. I chatted and asked me what I was doing. I said I was a stock trader. His eyes were immediately full of sympathy and asked directly: How much did I lose?"

"Whenever your fund just falls 5%, or a 10% market rebound does not keep up, your ears immediately appear: How could anyone be so stupid? Is this guy a fool?"

"A colleague named Lao T is also a private equity manager. I can't stand it all day long. A client only invested 1 million yuan and often harassed him 24 hours a day. He really wanted to kick out my fund."

"In fact, he not only did not do this, but he licked the other person even more. He could only sigh: Those who steal the hook were killed, and those who steal the country were marquis!"

Old Tan curled his lips and said disdainfully: "Or are you not brave enough, one million?"

"When you owe hundreds of millions of dollars to the bank, see who is the grandson?"

The two of them were in a verbal pattern again, and Johnson smiled but didn't say anything. It seemed that the relationship was good, and they were all real friends who could argue with each other.

Finally calmed down, Johnson scrutinized: "What fund manager do you think is a master?"

"Master?" Li Yajun was stunned, pondered for a moment, and said seriously: "If I were asked to use an analogy, it would be similar to a martial arts master, and there were nine realms."

"I just entered the stock market and didn't know anything. I could buy whatever my peers bought. I was very careful in trading, had a small position and a short holding period. At this time, I would basically gain a little."

"Then because I have made money, I began to be serious and know how to analyze it technically, but I found that it is sometimes useful, and sometimes it is useless. Most of them are short-term trading, strictly follow indicators, and do not care about fundamentals. The account funds are both profitable and loss, but overall they are in a small loss."

"With technology analysis of trading for a period of time, the account is still in a loss state and begins to secretly learn other people's trading methods. Especially after understanding the value investment of the so-called suicide squad and Buffett, they often choose to chase strong stocks, but they can only be similar. They don't know the skills behind the operation. Dongshi Xiaopin's result is still a loss, and there is no awareness of stop loss. The loss expands, and the operation becomes a pursuit of rising and selling falling. Often, it often encounters the things that fall when buying and rising when selling."

"I feel helpless and lost my confidence, so I turn to seek help from experts or believe insider information. The results are good and bad, and I am still losing money overall. I start to doubt or even complain, which is a bit like a devil."

"I finally realized that I needed to establish my own trading system, which is called entering the house. Learn more complex theories, such as Wave Theory and Gann Theory, and I will also pay attention to chaos theory, be clear that market trends are affected by fundamentals, and short-term fluctuations are affected by emotions. I began to pay attention to macro policies and industry policies, and also pay attention to the rise logic of high-performance stocks, and at the same time I became interested in studying market sentiment."

"Then you can hold on to stocks and cash, make money when trading, lose money when trading, and be lucky, you can make 30% or even higher. You can outperform the market, but the biggest problem is that you cannot keep profits, and the account funds fluctuate greatly."

Li Yajun smiled and said, "Not only are fund managers, but every investor will encounter the same problem. It's like having to pay tuition for playing antiques, and no one can escape. It's just that someone is smart and learns quickly."

"The trading system of junior experts is gradually improved, and the trading concepts and philosophy that can be formulated and executed, and the transaction concepts and philosophy generated are produced. They have their own unique analysis methods, know the short-term and medium-sized combinations, and no longer stick to a certain trading strategy."

"Because you can easily face the winning or losing, understand that the money you lose now will be returned to you sooner or later, and don't care about short-term gains and losses, and actively wait for greater opportunities."

"The martial arts in the world are only fast and not broken. Seize the opportunity and kill with one blow. There is no turning back arrow."

"In the minds of intermediate masters, trading has become an instinct. Their vision is not limited to the stock market, but rather to understand the rise and fall of indexes and individual stocks. The operation is more decisive, and the impact of index stock prices is getting smaller and smaller. Pay attention to changes in your own logical conditions. The trading cycle is getting longer and longer, the time to watch the market is getting shorter and shorter, and the tolerance for risks is getting greater and greater."

"The heavy sword has no edge, and the great trick is not crafty. One force can reduce ten times. No matter how you change, one sword will kill you!"

"The true top experts I understand are based on analogies and are not only limited to the stock market, but also invest in other markets. Accurately grasp the macro economy and use the economic cycle to choose market investment."

"Looking at all directions, the so-called autumn wind before it moves, cicadas first awaken before it moves, and using hedging to reduce risks. The transaction frequency is getting smaller and smaller, and if nothing happens, it will be gone. One move will shock the sky!"
Chapter completed!