In the famous trading book "Memoirs of a Stock Dealer", Livermore, the king of speculation, said: "Speculation is as old as a mountain, and there is nothing new on Wall Street." ”
Many people understand this sentence as a market, and think that it means that there will always be a certain pattern in the price trend. Actually, it's wrong. This sentence is not about specific historical prices that will be repeated, but about human nature.
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Speculation is as old as a mountain, because the essence of speculation is to make a profit on the spread. In other words, everything in order to gain from t
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