If you're ready to make a fortune in the stock market, you should check out Matt Damon's early film "The King of Gamblers." Although we are talking about the technique of playing poker, there are many techniques that can be used in the stock market.
Professional investors should regard stock trading as hard work
Many investors come to the stock market to make money or to seek stimulation. This kind of thinking is really "silly and naive."
Professional investors should treat stock trading as a job, just like any other job. Quietly watching the stock market rise, do not make any transactions.
Once you start trading, learn to reduce the size of your trades. Because winning motivates you to want more, and losing motivates the desire to turn your back.
At the beginning of the movie, Matt Damon has been thinking about winning money. From the beginning, he ALL IN, lost all the principal, and couldn't even pay the tuition.
Do not trade in the stock market without restraint
As Buffett said, if you can't see who is a fool for half an hour at the poker table, you are a fool.
People who lose their minds are fools at the poker table. The same is true in the stock market. You can buy long or sell short. But you can't trade in the stock market without restraint. To learn to patiently observe the stock market.
If you lose all your money, you can only do drudgery. In the movie, Matt Damon takes up auto transportation after losing all his tuition.
Every stock trade only needs a small win
Don't try to make a fortune in the stock market. You can't earn $5,000 a month for living expenses. It is often a loss of 10,000 yuan of principal. So, you can only win so little at a time.
The movie begins with a veteran exhorting Matt Damon to play at the $10 table and you're sure to win. However, he wanted to make a lot of money, but he didn't care.
Professional stock traders must analyze their trading records
Matt Damon analyzes the video of a poker champion in the movie.
Most Olympic champions analyze game video in order to correct their habitual shortcomings and directional thinking.
In the movie "Moneyball", the chubby Yale University has been watching the video of the game and analyzing the strengths and weaknesses of each player.
Stock traders should learn to take responsibility for their mistakes
If you pass the buck, you can never solve the problem.
The U.S. Navy SEAL instructor wrote a book, "Extreme Control - How to Fight Against Absolute Dilemma and Win," about why elite special forces always succeed. Among them, the first chapter is to learn to take all the responsibilities.
And the movie "Genius Gunner" also tells us that only by being brave enough to take responsibility can we return to the right path.
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