{"items":["5fda757d560e0100177f0795","5fda757d560e0100177f0796","5fda757d560e0100177f0798"],"styles":{"galleryType":"Columns","groupSize":1,"showArrows":true,"cubeImages":true,"cubeType":"max","cubeRatio":1.7777777777777777,"isVertical":true,"gallerySize":30,"collageAmount":0,"collageDensity":0,"groupTypes":"1","oneRow":false,"imageMargin":5,"galleryMargin":0,"scatter":0,"rotatingScatter":"","chooseBestGroup":true,"smartCrop":false,"hasThumbnails":false,"enableScroll":true,"isGrid":true,"isSlider":false,"isColumns":false,"isSlideshow":false,"cropOnlyFill":false,"fixedColumns":0,"enableInfiniteScroll":true,"isRTL":false,"minItemSize":50,"rotatingGroupTypes":"","rotatingCropRatios":"","columnWidths":"","gallerySliderImageRatio":1.7777777777777777,"numberOfImagesPerRow":3,"numberOfImagesPerCol":1,"groupsPerStrip":0,"borderRadius":0,"boxShadow":0,"gridStyle":0,"mobilePanorama":false,"placeGroupsLtr":false,"viewMode":"preview","thumbnailSpacings":4,"galleryThumbnailsAlignment":"bottom","isMasonry":false,"isAutoSlideshow":false,"slideshowLoop":false,"autoSlideshowInterval":4,"bottomInfoHeight":0,"titlePlacement":["SHOW_ON_THE_RIGHT","SHOW_BELOW"],"galleryTextAlign":"center","scrollSnap":false,"itemClick":"nothing","fullscreen":true,"videoPlay":"hover","scrollAnimation":"NO_EFFECT","slideAnimation":"SCROLL","scrollDirection":0,"scrollDuration":400,"overlayAnimation":"FADE_IN","arrowsPosition":0,"arrowsSize":23,"watermarkOpacity":40,"watermarkSize":40,"useWatermark":true,"watermarkDock":{"top":"auto","left":"auto","right":0,"bottom":0,"transform":"translate3d(0,0,0)"},"loadMoreAmount":"all","defaultShowInfoExpand":1,"allowLinkExpand":true,"expandInfoPosition":0,"allowFullscreenExpand":true,"fullscreenLoop":false,"galleryAlignExpand":"left","addToCartBorderWidth":1,"addToCartButtonText":"","slideshowInfoSize":200,"playButtonForAutoSlideShow":false,"allowSlideshowCounter":false,"hoveringBehaviour":"NEVER_SHOW","thumbnailSize":120,"magicLayoutSeed":1,"imageHoverAnimation":"NO_EFFECT","imagePlacementAnimation":"NO_EFFECT","calculateTextBoxWidthMode":"PERCENT","textBoxHeight":26,"textBoxWidth":200,"textBoxWidthPercent":65,"textImageSpace":10,"textBoxBorderRadius":0,"textBoxBorderWidth":0,"loadMoreButtonText":"","loadMoreButtonBorderWidth":1,"loadMoreButtonBorderRadius":0,"imageInfoType":"ATTACHED_BACKGROUND","itemBorderWidth":0,"itemBorderRadius":0,"itemEnableShadow":false,"itemShadowBlur":20,"itemShadowDirection":135,"itemShadowSize":10,"imageLoadingMode":"BLUR","expandAnimation":"NO_EFFECT","imageQuality":90,"usmToggle":false,"usm_a":0,"usm_r":0,"usm_t":0,"videoSound":false,"videoSpeed":"1","videoLoop":true,"jsonStyleParams":"","gallerySizeType":"px","gallerySizePx":1000,"allowTitle":true,"allowContextMenu":true,"textsHorizontalPadding":-30,"itemBorderColor":{"themeName":"color_12","value":"rgba(197,197,197,0)"},"showVideoPlayButton":true,"galleryLayout":2,"calculateTextBoxHeightMode":"MANUAL","targetItemSize":1000,"selectedLayout":"2|bottom|1|max|true|0|true","layoutsVersion":2,"selectedLayoutV2":2,"isSlideshowFont":true,"externalInfoHeight":26,"externalInfoWidth":0.65},"container":{"width":300,"galleryWidth":305,"galleryHeight":0,"scrollBase":0,"height":null}}
無劍勝有劍,炒股票的三個境界

文:炒股的文青
金庸早前逝世,令我最近重溫了他的作品《笑傲江湖》。其中金庸藉劍魔獨孤求劍之口,表達了「無劍勝有劍」的最高武學理念。其實「無劍勝有劍」,用來比喻炒股票,也是極為適合。
電影《英雄》將「無劍」的劍術,分為三個境界:一)手中有劍,心中無劍;二)手中有劍,心中有劍;三)手中無劍,心中有劍。
炒股票也分為三個境界:
一)手中有劍,心中無劍。劍,就好像股市中各種技術分析的招式,甚麼「三重底」、「突破下降軌」。再高深的,有甚麼「RSI背馳」、「KD黃金交叉」、「DMI一穿三線」,五花百門,好像各種武林絕學。
其實,這些招數,最能吸引的是不知股票為何物的初學者,根本不明白股票上升的動力是甚麼,只學了幾種技術分析,就以為炒股很容易賺錢了。尤其是,當剛好買中上升的股票,便以為自己是絕頂高手。甚至周圍吹噓自己如何了得,初學者一般大多停留於此階段。最危險也是這階段。
二)手中有劍,心中有劍。當初學者真正嘗到失敗的滋味,甚至輸得一敗塗地,就會驀然驚醒,知道根基是何等重要。這時候新手會努力學習,去了解一隻股票為什麼會值錢。
較為好的新手,會開始重視財務報表和PE,去尋找安全邊際。新手明白到,原來買一隻股票,要看基本面和估值,否則你就不知道你買的股票downside有多大。不過,這時候新手仍是「手中有劍」,以為炒股票就是買PE低的股就可以贏錢。可惜很多時,PE低自有PE低的原因。於是,仍然停留在倚賴「公式」的階段,未去到「手中無劍」。
三)手中無劍,心中有劍。達到這個境界時,他便明白到,所謂技術分析、所謂低PE,也只是表面功夫。背後真正重要的,是一間公司的earning growth,一間公司有沒有真正成長。公司產品的售價有bargaining power去提升嗎?成本會下降嗎?行業大環境是怎樣?現在是經濟周期哪個位置?這些其實都沒有一定的「公式」,是隨機應變。
這時候他不會再被行情的升跌所左右,不到時機決不出手,耐心等待每一次最佳的入市時機,然後亦耐心等待每一次的出貨機會。這時候,等待是最難的,要等待基本面真正轉好的時刻,一個大趨勢即將要出現,才可以入市。其疾如風,其徐如林,侵掠如火,不動如山。
希望你在炒股票時,能夠想想這三個炒股境界。不過,要做到「手中無劍,心中有劍」,就一定要對行業成長的心法,了然於心。沒有一個人是每個行業的專家。所以,去認識不同行業的專家,就十分重要。
下載StockChat,發掘投資的真諦:http://link.stockchat.app/