When someone asks me again, can stock trading change one's destiny?

My reply is still, it can.

But the fate changed by stock trading, some people have gone in a good direction, while others have gone in a bad direction.

Investment is essentially a skill, learning this skill will definitely change one's destiny.

But the problem is that learning the skill of investment is not as simple as everyone thinks.

It's like, doing the same job, most people must be mediocre.

Only a small number of people can achieve great success in this job.

Investment is the same, stock trading is also the same, there can only be one Buffett.

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It is not an exaggeration to say that the success or failure of stock trading actually mainly depends on talent, and then what is hard work.

Diligence can only make up for clumsiness, but it cannot make up for the shortcomings in talent.Most people, however, do not possess the innate talent for stock trading, and thus can only achieve minor success in the stock market, certainly not enough to support their family through stock trading.

What is innate talent in the stock market?

Innate talent refers to something one is born with, something that gives one an advantage over others.

Talent represents many things that are already in place from birth, not something that can be acquired solely through diligence and effort after birth.

The ability to recognize the patterns of the stock market.

Stock trading, in essence, follows the patterns within the stock market.

For example, stocks that hit the daily limit will have a significantly higher chance of continuing to rise, which is a pattern.

Stocks with good performance tend to be more resilient during a downturn, which is also a pattern.

There are too many patterns in the stock market, and being familiar with and mastering one pattern can make you money.

The more patterns you master, the greater the probability of stable profits.Understanding the patterns of the stock market is actually a process, because it requires practice. However, there are some people who have a natural ability to recognize the patterns of the stock market and are more likely to master them.

The ability to sense market sentiment is very important. The market moves forward with emotions, and the ability to sense market sentiment is crucial. When the market is fearful, I am greedy; when the market is greedy, I am fearful. It sounds easy, but most people can't sense the market sentiment at all.

Especially when the market is divided and in a game of competition, the ability to sense market sentiment is very important. Of course, experienced investors will look for traces of market sentiment based on the rise and fall of prices, the number of stocks that have hit the upper limit, and other minor details.

However, some people are naturally able to sense changes in the market, smelling opportunities and crises. They have an innate trading sensitivity.We often mention a term called "plate sense."

Plate sense is actually a trading sensitivity, a kind of innate trading intuition.

He may not need to do too much technical analysis to feel where the market risks and opportunities are, and thus make trading judgments.

This trading sensitivity, also known as the ability to capture opportunities, actually has a lot of innate components.

This is why top traders have a trading level that is far higher than so-called artificial intelligence and quantitative machines.

Amazing learning talent.

On the road of stock trading, we must all learn.

But everyone's learning efficiency and comprehension ability is actually different.

There are just some people whose learning talent is extraordinary, or even more outstanding.

Learning talent represents growth speed, which is not something that can be caught up by spending more time.People with a natural talent for learning can often take the initiative, perhaps with half a year or a year of stock market experience, they can achieve what ordinary people might take five or six years to learn in the stock market.

A steady trading mentality.

We all know that a trading mentality is very important.

However, some people's mentality cannot be calm, and their emotions will often fluctuate.

This is actually normal, because everyone's experiences are different, and naturally, the tempering of their character will also be different.

Those who are naturally able to remain calm in the face of waves have a better trading talent.

Of course, having talent alone, without diligence, may not necessarily lead to success.

It can be said that diligence is something everyone must do on the road to success, whether in the stock market, in life, at work, in all aspects.

The lazy are destined to accomplish nothing.

What is diligence in the stock market?Diligence in stock trading means investing time and energy into the endeavor, rather than merely observing the market when it's favorable and uninstalling the trading software when it's not.

All those who have achieved great success in the stock market are deeply rooted in the field, conducting research.

There is no such thing as casual success; do you really think that stock trading is a sure win?

Daily market review is essential.

You need to understand what happens in the market every day.

It's important to stay informed when the market is doing well, and even more so when it's not.

The market is constantly changing, with new events occurring every day. While some may be insignificant, others are crucial.

By reviewing the market, you can uncover more subtle clues, giving you a better grasp of your investments.

Market hotspots, popular sectors, gainers, losers, and important news are all key areas to focus on during the review process.

Review each trade.

(The translation is cut off at the end, likely due to character limitations. The last sentence seems to be an incomplete thought or instruction that should be continued or completed in context.)Translate the following passage into English:

All the transactions you make, you need to review each one of them one by one.

Under what circumstances did you make the transaction, why did you buy, and why did you sell.

After three or five days, summarize whether your transactions were right or wrong, whether they went up or down.

If the transaction was wrong, why was it wrong, and if it was right, what was the reason, and meticulously conclude the success or failure of your transactions.

Find out where you suffered losses and avoid making the same mistakes in the future.

Find out the reasons why you were right, and next time use this rule to seize new opportunities as much as possible.

Periodic transaction summaries.

Periodically, you also need to review and summarize transactions.

This point is really important.

Because the changes and directions of the market are also periodic.Do not mistake the success in a bull market as a reflection of your own high ability; it is merely a stroke of good luck.

Periodic summaries can help you see what you have done during this phase, the growth you have achieved, and the right and wrong in your transactions.

The more you engage in this kind of review, the faster your growth will be.

Learning about macro and micro knowledge.

Finally, it is about learning, macro, micro, and economics-related knowledge.

Enhancing cognition is the foundation of investment, and improving cognition is actually a gradual process.

Others may have talent and can learn quickly, but if you lack talent, you can only accumulate bit by bit.

In summary, learning is a lifelong endeavor, not only in stock trading but in all aspects.

Learning about finance will not be a loss; knowing more will definitely benefit your transaction judgment.

Please note that the last sentence in the original text seems to be cut off or incomplete, and I have translated it as best as possible given the context.Great fortune is in the heavens, while small fortune lies in one's own hands.

Those who are diligent enough can outperform 80% of people in the stock market, which means not losing money and making a small profit.

Individuals who are not only diligent but also talented can outperform 95% of people, achieving steady small profits and occasional large gains.

Investing in stocks can change a person's destiny, just as education can change one's fate.

However, we all know that those who truly change their destiny through education are just a small group of people at the top of the pyramid.

Would you give up learning and reading just because you think that person is not you?

The principle is the same, just as those who achieve success are always a small part.

Many things require you to believe first, otherwise, there will be no results.

The year 2023 is challenging, and the market is sluggish, but in 2023, there are definitely more than just 5% of people who have made money in the stock market.

Persistence is not a bad thing, as long as your diligence is not just a posture, but the right method, you will have a chance.