www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Talking Business

Game of wealth requires strong will power

By HUANG XIANGYANG (China Daily) Updated: 2016-08-25 08:06

Game of wealth requires strong will power

Investors talk about stocks in a securities trading center on Tuesday in Fuyang, a city in eastern China's Anhui province. QI WEN/FOR CHINA DAILY

Believe it or not, I read The True Story of Ah-Q, by renowned contemporary Chinese writer Lu Xun, not as a literary work, but a guidebook to successful investment, either in commodities, stocks or funds.

The game of wealth is, in essence, all about human psychology. In order to survive in the money market, you not only need to have trading techniques, analytical skills or self discipline, but also exceptionally strong will power.

You must remain calm and resist the temptation to sell before your stocks peak. You must remain unfazed even amid drastic stock falls during corrections in order not to be scared out of the game.

And most often, you need to laugh off your mistakes and losses so that you can always bounce back from your lows. The ease with which you can poke fun at yourself, to make a mockery of your own follies, no matter how hard you were defeated, is a secret you must learn to remain unbeatable in the market.

You need to look no further than Ah Q for inspiration. The main character of the short story, published in 1921, is a household name in China for his ability to always transform defeat into spiritual victory.

Ah Q is always the winner. After losing a fortune, he would slap himself in the face as if he was hitting at an imaginary opponent to let go of the anger. When he is beaten by someone, he would think it is as if he was beaten by his own son, and lament "what the world is coming to nowadays".

Just by changing his mode of thinking, Ah Q can find hope from despair, and turn adversities to his advantage.

This mindset is exactly what you need for investment.

But to know the theory is one thing, to be able to apply it to trading activities is another.

Ever since I started dabbling in stocks more than 15 years ago, I have tried to see my losses as tuition fees I have to pay for a course on how to get rich quick.

But as the expenses keep increasing, to the extent that even possible profits to be made are unlikely to make up for a fraction of my financial input, it is hard for me to persuade myself to continue with this costly course.

After a lot of soul-searching, I found the gist of the problem: my ego. For too long I had been too self-centered, concentrating too much on personal gains and losses rather than public good. Life should not be about what you can get, but also what you can give. To find something bigger than myself, I had to break down the walls of selfishness and self-pity, and set my sights on a broader horizon.

And it worked.

Years ago I started to invest in a fund that tracks the benchmark Shanghai Composite Index. At times after the 2008 global financial crisis, the index dropped to such lows that they suggested an imminent meltdown. Yet instead of cutting my losses, I put in more money, doubling or even tripling my initial investment. I was emboldened by the thought that even if the market crashed with my personal wealth all gone, I could still have something to relish: I was doing public good playing the role of the terminator of a market that really sucks.

Strange idea, wasn't it? But it sustained me through the worst days for the market until it rebounded last year, allowing me to come out with profits.

Now I have built a fund portfolio related to crude oil, whose price has dropped from more than $100 a barrel in 2014 to around $45 at present, and I keep pumping my spare money into it.

Am I afraid of losing heavily if oil prices crash due to much-touted advent of an era of new energy? Then wouldn't it be good news for humankind, and especially Beijing, which has too often fallen victim to smog?

No matter what happens, with Ah Q's mindset I can always stay secure and satisfied-profits guaranteed or not.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日韩久久精品 | 亚洲精品一区二区三区不卡 | 日本香蕉一区二区三区 | 久久久久在线视频 | 成年大片免费视频播放手机不卡 | 国产在线综合视频 | 亚洲国产精品综合久久网络 | 日韩欧美国产亚洲 | 国产亚洲精品国产第一 | 伊人狼人综合 | 97精品福利视频在线 | 色综合天天综合网看在线影院 | 亚洲一区二区三 | 欧美精品成人 | 亚洲免费视频网站 | 久久亚洲精品一区成人 | 中国女人毛茸茸免费视频 | 亚洲成a人片毛片在线 | 一级做a免费视频观看网站 一级做a爰 | 99视频网站 | 欧美成人性动漫在线观看 | 三级网站视频 | 久草精品在线 | 一级香蕉免费毛片 | 国产美女视频一区 | 成年人在线观看视频免费 | 美国一级毛片片aa成人 | 午夜综合网 | 国产精品久久久久影院 | 国产精品久久久久久影视 | 99je全部都是精品视频在线 | 夜夜骚视频 | 亚洲国产一区二区三区a毛片 | 欧美一级毛片欧美一级成人毛片 | 国产片在线天堂av | 欧美aaa视频| 国产免费人视频在线观看免费 | 久久亚洲精品一区成人 | 美女张开腿让男人桶下面 | 孩交啪啪网址 | 日本成人免费在线视频 |