Core Insights - The article highlights the investment philosophy and experiences of Le Fengjie, a seasoned asset manager and investor in China, emphasizing the importance of understanding market psychology and personal behavior in trading [1][3][18]. Investment Philosophy - Le Fengjie summarizes his investment philosophy with three key sayings: "Act without thinking is blind," "Thinking without acting is cowardice," and "Endless pursuit leads to greed," which encapsulate common cognitive and behavioral pitfalls faced by investors [2][3]. - The first saying warns against impulsive trading without a clear plan, while the second addresses the fear of execution despite having a solid strategy, and the third cautions against holding onto positions out of greed, risking potential losses [3]. Investment Journey - Le Fengjie began his investment career in 1992 with a modest capital of 7,000 yuan, quickly achieving significant returns, but faced major setbacks, including a loss of 30 million yuan in a single night due to market volatility [6][8]. - His experiences, particularly during the "327 National Debt" incident in 1995, shaped his understanding of market unpredictability and the necessity of a disciplined trading mindset [6][7]. Investment Methodology - Le Fengjie has developed a comprehensive investment methodology that includes trend analysis, technical analysis, and strategic selection of trading instruments [9][11]. - He emphasizes the importance of trend judgment based on wave theory and technical indicators, advocating for a dynamic approach to analysis that adapts to market changes [12][13]. Key Trading Principles - In terms of trading principles, Le Fengjie focuses on selecting instruments with clear trends and sufficient liquidity, managing positions with precision, and avoiding over-leveraging [14]. - He advises against frequent trading and emphasizes the need for a disciplined approach to stop-loss strategies and emotional control during trading [15][20]. Common Causes of Losses - Le Fengjie identifies five primary reasons for investor losses, including reverse operations after missing opportunities, stubbornness against market trends, and the reluctance to cut losses [15][16]. - He suggests establishing a mental stop-loss threshold to prevent emotional trading and encourages maintaining a practical trading routine to enhance decision-making [17]. Human Psychology in Trading - The article underscores the significance of overcoming human psychological barriers, such as greed and fear, which can lead to poor trading decisions [18][19]. - Le Fengjie believes that successful trading relies more on emotional control and understanding human behavior than on complex trading strategies [18].

Group 1 - The article discusses the rapid growth of a knowledge-sharing platform, which has attracted 5,900 members in just one year, marking it as one of the fastest-growing financial knowledge communities [2] - The platform publishes 80-100 posts weekly, with a total word count exceeding 100,000 words in a single week, indicating a high level of engagement and content generation [4] - A weekly selection of 10-15 posts is compiled into a PDF, emphasizing content that has long-term relevance and educational value [7] Group 2 - The article highlights the importance of understanding the roles within the banking financial market and asset management departments for career transitions, particularly for employees in traditional banking roles [21] - It provides a detailed overview of the banking financial market, including asset-liability management, liquidity support, and trading strategies [25][26] - The article outlines various job functions within the banking financial market, such as funding operations, fixed income trading, foreign exchange trading, and risk management [28][29][30][32] Group 3 - The asset management section discusses product design, investment operations, and the importance of risk management and compliance in managing client funds [33][38][39] - It emphasizes the need for candidates to focus on specific areas of knowledge depending on the job they are applying for, such as macroeconomics for financial market roles and portfolio management for asset management positions [42][43] - The article suggests that obtaining a CFA can significantly enhance understanding and skills relevant to both financial markets and asset management [46][47]