Let’s first talk about the stock trading experiences of two big figures in other fields

The first one is our great physicist Newton. It's the one where Newton's three laws were found in the physics book.

In 1720, when Newton was the director of the Royal Mint, he began to buy shares of the South Sea Company. When his funds doubled, he hurriedly sold them. After he sold, Nanhai Company's stock continued to rise, and soon the stock price doubled again.

At this time, Newton, who could no longer hold himself back, began to increase his funds and rush into the market. Less than a month after he bought it, the share price of Nanhai Company was like a landslide, falling in just one month. It plummeted from ￡800 to ￡200. A few months later, Nanhai Company's stock became a piece of waste paper and no one cared about it.

In the end, Newton lost 20,000 pounds, which was equivalent to his ten years of salary as director of the mint.

After the loss, he said: "I can predict the movement of celestial bodies, but I can't. Human madness."?

I was drunk too.

The second, British Prime Minister Churchill, once served as the British Chancellor of the Exchequer.

At the end of 1937, Churchill was deceived by the recovery of the U.S. stock market and invested all his savings in the U.S. stock market.

By March 1938, as the New York stock market plummeted, Churchill not only lost all his money, but also owed the securities company 18,000 pounds. At the time, this was an astronomical sum.

It got to the point where Churchill wanted to resign and sell his house and land.

Okay, let’s talk about the stock trading experiences of two big figures in other fields.

Now let’s talk about three masters in the financial field.

The first one is Graham, the teacher of stock god Buffett and the founder of value investing.

After the stock market bubble burst in 1929, Graham bought the bottom in 1931 and went bankrupt.

After losing 20% ??in 1930, Graham thought that the stock market was fine. Eager to make money, he took out a loan to buy the stock market at the bottom.

What happened next, in Graham’s words, was that “the so-called bottom was repeatedly broken, and the only characteristic of that great crisis was that one bad news followed another, and things got worse and worse.”

In 1932, the joint account fell by as much as 70%, and Graham was essentially bankrupt.

The second place is Fisher, a famous American economist.

He foresaw the bursting of the stock market bubble in 1929, but he still bought stocks he thought were cheap. As a result, he lost millions of dollars in a few days and was left penniless.

The third place, the speculative genius Livermore

Livermore said that after leaving Williamson’s company, the best time to make money in the stock market was gone forever. It's hard for me to let go.

For four years from 1911 to 1914, the stock market continued to trade sideways, and people had no money to make. I kept losing money in those years. It’s not that I don’t know how to trade stocks. The problem is that during these unfortunate four years, there was no chance to make money at all. But I kept trading, always trying to make a profit, but the result was that my debt pile was getting higher and higher.

This was Livermore's second bankruptcy in his life.

To summarize the above, @Mini Xiaochao commented:

1. I am a novice and don’t have a deep understanding of stock trading.

2. Frequently operate in a volatile market

3. Die from bargain hunting.