Market Sacred Theory

──────────────────────────────

Serialized "Trading Philosophy"……12

──────────────────────────────

When the latest home appliances perform amazing movements with functions that did not exist before, people say things like "there's a little old man inside," but that's clearly a Showa-era gag... young people laugh and say, "I get that," while their faces show, "I’ll observe this more scientifically." Oh dear.

Trading Philosophy—.

Thinking along this line reveals not only ways of concrete buying and selling, but also ideas about the "market itself."

For example, the question of "how to perceive market prices."

"How are prices determined?"

What I proposed is not the physical mechanism by which prices are determined, but whether one regards prices as sacred or not.

Sacred... It's not about whether gods exist or not.

The standard textbook view that "a wide range of people gathered rationally forms prices."

It resembles the Efficient Market Hypothesis, but the perspective is slightly different.

Is that difficult? But don’t worry. I won’t go deeper here.

In short, it’s about whether to affirm or deny the influence of manipulators and certain insiders on the market.

Sacred believers see prices as absolute.

I’m not denying the existence of manipulators or special participants, but I regard them as undesirable, or think manipulators are the market's splendor but will not last long.

By adopting the view that "in the end, the popularity is created by all participants, including the masses," I focus my attention on price trends and my own position and exits.

The Lin Investment Research Institute's "Market Technique Theory" is based on this sacred view.

Next time, I will introduce the opposite of sacred theory: the "Market-Human Theory."