
Traded ValueTwo books I've been reading recently
Excerpted from "Wall Street in Troubled Times":
1. Absolute objectivity, calm thinking (skin, flesh, bones)
2. Don't be overly fearful, don't be overly optimistic
3. Antiques in prosperous times, gold in troubled times (capital flow)
4. The top of the chart is not the top of the market (stop loss)
5. Predictable stability
6. Lend to the urgent, not to the poor
7. All flourish or all suffer together
8. Things that sound too good to be true often aren't
9. When you have teeth, there are no peanuts; when you have peanuts, you have no teeth
10. Tomorrow is another day
11. The story of the Bible: A trader who always buries gold coins in the ground to preserve capital has no future. Seizing the right opportunity and "striking when the iron is hot" is the true way.
12. Follow the trend closely, pay attention to liquidity. When retreating, please note: actions must be resolute and decisive, don't forget to build pontoon bridges (broaden liquidity channels). A good loser does not panic.
13. New market, new thinking
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