Chinese edit
It is not easy to write a book dedicated to stock speculation techniques, but it is more difficult to be clear and thorough. Because speculative transactions are not as good as other studies, and as long as you do what the book says, you can achieve the goal. Although many speculators have read countless professional books, few have been able to achieve a free world of wealth。
Samuel a. Nielson’s equity speculation doctrine (professional interpretation) can emerge from many similar books, largely because it simply and profoundly reveals the rationale and nature of speculative transactions. The methods of speculation set out in the book are well structured — from theory to practice to the end result — and can help readers to scientificly choose how to deal with speculation based on their own reality。
In the nineteenth century, in those days when many trading theories, such as the shining stars in the shining sky, were able to capture the difficult and complex skills of speculation in such a broad and profound way that today’s readers are as true as what happens to themselves. Samuel a. Nelson is absolutely not。
This in fact points to two issues: first, the human nature of speculation has not changed for centuries; and second, as long as the market is human, what happened in the past will now be repeated. Just as aggregate theory is the cornerstone of the whole “mathematics building”, it is clear that these two premises are also the established foundations of the science of speculative behaviour and research, and if they do not exist, the entire “science building” of speculation will be overridden。
You know, speculators, as a group of “gatherers”, were not courteous in the nineteenth century. It is now clear that speculation appears to be more tolerant and easy to accept, without which speculative crocodiles such as soros would not be well known. So, samuel a. Nielson was able to write the book at the time, exposing to the reader the ways and means of many speculations, and was itself a prometheus figure that spreads speculative science. Although in the final analysis he preferred investment in value, the book as a whole reflected his tireless efforts as a thief in speculative science。
Historically, investment and speculation have been a major problem in equity markets. Value investors are like guests dressed for dinner, who dress in essentially uniform, in a single form — trading on the basis of the potential value of shares, but traders must have a wealth of financial knowledge; speculators are like people who are enjoying a variety of small foods, but not on official tables, but also enjoy good food — traders are allowed to trade without knowing the issuer。
Looking back at the nineteenth century, because the then speculative technical analysis tools were not advanced, samuel a. Nielson was more concerned with the way in which speculative transactions took place, the information that was circulated on the stock market, the situation of the dominant institutions, the people involved in the transactions and the reaction of traders to the news and the mindset of trading. And this is the key issue that speculators are keen to discuss today, namely the psychological activities of stock market traders. Attempts have been made to quantify the psychological activity of traders at different times and to identify from it appropriate patterns of dealing, but it has finally been discovered that the psychological activity of human beings is far too complex to be seen in extreme research. Today's trading guidelines on speculation are mostly based on technical analysis on the k-line, which quantifys the ultimate price that can be achieved by different movements. This doctrine is also the cornerstone of samuel a. Nielson's theory of stock market speculation。
In the twenty-first century, this speculative trading method evolved into a special mathematical method that is applied to automated sub-trading systems of computer high-speed computing and trading robots, and, more importantly, to produce a new “speculator” — a computer — in today's markets. They are more calm and objective than human beings and are not easy to make mistakes. However, no one can yet predict the evolution or extent of future speculative transactions。
In reading the book, the reader should not be distracted by its age, but should stand today and look at the general state of life of the traders of the nineteenth century, and compare it with today’s traders, especially speculators. You will surely find the truth of some ancient speculative transactions. As long as you apply these speculative principles to your own trading practices and refine them over and over again, one day you will emerge in the securities market and gain substantial profits。
Zhang ye bo
Zhengzhou, 1 october 2014
