In this world there are various principles and laws, and if we look at things in light of them, I don't think we would stray far from the right path.
This time it's about principles and fundamentals.
Principles and fundamentals are the idea of basic rules and regulations. They are words that emphasize their meaning when repeated.
I entered the world of the market from stock investing.
Looking back, I think I was on the right path from the start.
The reason I could choose the right path is that I was comparing things against the principles and fundamentals.
When I decided to start investing, I went to a bookstore to find a book.
There are many books that say you can make money easily.
From the very beginning I excluded those kinds of books, thinking, “There’s no such thing as easy money.”
What I found there were books by Teruo Hayashi.
From Wikipedia
Teruo Hayashi is a Japanese market trader. He rose to fame in commodity futures trading and devoted himself to educating general investors.
He was deeply knowledgeable about market techniques centered on the Sakata method, and his books were used in training by securities companies.
I believe Hayashi’s books are a correct textbook that even securities companies use.
When I first read Hayashi’s books, there was a point where I felt, “This is the correct textbook.”
“It’s not a world where you can make money easily,” “Basics are important in everything,” “Fundamental practice is important.”
These points align with principles and fundamentals.
In the first place, I learned these principles and fundamentals through sports.
As a student, I skipped classes, but I never skipped sports; I devoted myself to sports.
The basics are important, and you acquire them by repeating basic practice over and over.
Hayashi’s books also say the same thing.
This is something I tweeted last year.
Manga “Slam Dunk” Shueisha
The protagonist, Hanamichi Sakuragi, repeats the basics over and over.
There were times when it was boring and he wanted to give up.
Even while everyone else was playing, he was left in the gym corner, only allowed to practice basic drills endlessly.
If the basics aren’t solid, you won’t be able to do anything in a game.
Trading is the same, I think.
When you see someone trading, you want to start immediately, but first you must accumulate basic practice.
If you trade without practicing (playing a match without training), you will obviously lose.
This is what I think of as principles and fundamentals.
Many people in the trading world lose because they trade without studying or practicing, right?
To escape from that, you have to realize that winning with such an approach isn’t normal.
Toyo Aya Wings? With a claim to earn 100 million per second, he spoke about this kind of thing.
For example, in the world of shogi, do you think you can beat professionals without any experience? You don’t, right?
Can you step into a pro boxing ring and endure the opponent’s real fighting for even a minute?
You’d surely be killed, right?
You can understand this clearly.
In baseball, could you hit a professional 150 km/h pitch? Probably not.
But when it comes to investing, people misunderstand this.
Many start without gaining experience or studying, skipping practice.
There’s no field like this where you can jump in without preparation.
An amateur opens a securities account and starts without studying or gaining experience or training, and still begins easily.
It’s the same behavior as thinking a shogi pro, a pro boxer, or a professional baseball player can suddenly match you.
Why do people think investing is so easy?
This mindset really needs to be changed.
I truly believed that myself.
But I was fairly serious about studying from the start.
I’ve been quite diligent about steadily building each foundation step by step, but there were moments when I nearly misunderstood.
There were times when I nearly confused short-term explosive gains with real skill.
Later, I experienced profits evaporating, which brought me back to my senses.
I really realized in the middle of it all.
Why do I think I could instantly win among all these professionals? I should think about it carefully.
Investing is a specialized domain, so you must study.
You need to experience and train yourself.
Don’t skip that step.
This is extremely important.
In the world, people say investing is easy.
Securities seminars explain it that way, and many web pages say it’s easy and hands-off, like an automatic escalator.
But if you swallow that whole, it’s a disaster.
If you fought a pro boxer like Mike Tyson, you’d be killed trying that, right?
If untrained people tried, I think you’d truly suffer concussions or worse.
If you’re punched, you could go blind just from a blow near the eye.
Recognize how dangerous this is, and then study.
Above
>Why do people think investing is so easy?
>This mindset really should be changed.
There are books like “Housewives make easy money with your smartphone in spare time.”
That’s strange, isn’t it? You should find that odd.
It violates the fundamental principles.
In salons, mirror trading is popular, but you should find that strange too.
It doesn’t mean the people running salons are fake, but riding on others’ entries and thinking you can profit easily is wrong.
I’ve never heard of anyone who built wealth from mirror trading.
I’ve spoken directly with someone who joined a famous salon.
The person running that salon is genuine, but they can’t replicate the exact same trades.
Hearing people who joined salons, I realized again that there’s no such easy money.
“My entry point can be peeked in advance.”
They used a front-running scenario.
As I’ve written many times, mirror trading isn’t the goal here.
First, there are explanatory videos on how to draw lines and shape scenarios, so you should watch them many times and practice drawing lines and scenarios yourself.
Let your scenario be used as the answer key for yourself. I’ve written that.
About that front-running scenario, delivering the exact points of entry in advance might count as investment advice, so in the future we won’t do that.
I checked with GogoJang Corp., the company running this site.
It’s not completely “black” to do, but it might be “gray,” so we won’t do it from now on.
As before, we’ll draw front-running scenarios, but post them later.
For example, after drawing the morning scenario and not posting it immediately, wait until price movement comes to that scenario, trade, and then post at night.
And we’ll provide chart explanations as usual.
You should be able to practice and check your own answers in the same way.
Reading past articles?
Past articles’ “front-running scenarios” are already past their price moves, aren’t they?
It doesn’t mean you must see it before price movement to study, so please reread and study past articles repeatedly (this is for those studying my trades).
In this kind of price movement or pattern, you can draw a scenario like this and trade with this kind of movement.
Watch and learn by copying.
Practice with backtesting software using historical price movements.
Practice is tedious or boring for many people, but I think it’s the fundamental principle that you won’t win unless you do it.
An amateur opens a securities account suddenly and starts without studying or building experience or training, and begins easily.
The same behavior as thinking you can suddenly match a shogi pro, a pro boxer, or a professional baseball player.
Why do people think investing is so easy?
This mindset really should be changed.
The Secret of a 150 Million Yen Annual Income Popular HostessThere is a tale about this.
People call her ugly and bash her
So how can she become number one despite being considered ugly?
Daily steady work to show up
She also makes unseen efforts
If you ask for the key to becoming number one, it’s definitely hard work
Effort does not betray you
Absolutely!
There is no such thing as an easy money-making business
[One-minute Advice for Young New Hostesses]
Steal the good qualities of people
Even if you’re ugly, you can become popular if you try
I’ve proven that!
Just steal the good points of others
Having someone you respect helps you grow
