Many people don't understand:
Why would Jesse C. Stine, the author of a book on "Insider Buy Superstocks", who has already made money in the stock market, still go through the trouble of writing a book?
If it's just for making money, wouldn't that be redundant?
It was only later that I gradually came to understand -
- In the stock market, one earns from market trends,
- but in life, one earns from time.
1、 The Essence of the Stock Market - A "Time Asset" Beyond Your Control
Jesse Livermore once said:
"The big money is never made by trading frequently, but by waiting and holding."
In the stock market, you will experience two completely different states:
- When the market is on the rise: You just need to go with the flow and wait for the outcome.
- When the market is on the decline: You can do nothing but wait for a reversal.
Most of the time, you are actually "waiting".
And the problem lies here –
Waiting itself does not generate value. If you don't make use of this period of time, it is pure consumption.
2、 Why do trading experts "write books"?
Jesse C. Stine achieved a remarkable feat of earning 6.8 million in 28 months with a capital of 48,000. Why did he think of writing a book?
He said this: “If I said writing the book was not for making money, it would seem too hypocritical”.
Based on the volatility of trading history, he realized that it might be possible to open up an income channel that satisfies emotional needs while providing financial stability.
The value of this statement lies in - extreme clarity.
He did not package "writing the book" as idealism, nor did he deliberately avoid the matter of "making money". Instead, he openly admitted:
- This is cognitive output, and it is also an income source.
- Transform the "uncontrollable market time" into "accumulable personal assets"
Writing a book essentially involves three things:
- Reviewing one's trading system (cognitive solidification)
- Packaging the experience (reinvestable)
- Establishing influence (long-term leverage)
In other words: He turned the time spent "waiting for the market" into the time for "building personal assets".
This precisely aligns with an increasingly obvious trend in the present era:
In this time, people with a single source of income are no longer being rewarded.
You will observe:
- Investors are creating content
- Creators are developing products
- Those who work are starting side businesses
In essence, everyone is doing the same thing: Establishing a multi-channel income system
3、 The body is another overlooked asset.
Jesse mentioned the state of flow in trading: the state where one's entire mental energy is fully devoted to a certain activity. To achieve this state, one must be in a highly energetic state.
Therefore, he became extremely self-disciplined in terms of exercise and diet.
Running, with an hour of outdoor running or other aerobic exercises every day, has become his compulsory routine. Any interruption to this routine will affect his trading.
Also, there is the issue of controlling diet. He has changed his unhealthy and excessive eating habits and now follows a diet mainly consisting of vegetables, aiming to control his weight.
【Want to stay healthy and youthful? Your dining table needs these 5 "Japanese-style" modifications】
This made me realize that: Trading is not only a cognitive game, but also a battle of physical strength and emotions.
If one's physical condition is unstable:
- Emotions tend to fluctuate
- Decisions may become distorted
- The ability to withstand pressure declines
And running and controlling diet are an extremely simple yet effective way:
- Stabilize emotions
- Enhance concentration
- Strengthen long-term execution ability
4、 My Transformation - From "Waiting for the Market" to "Creating Value"
When I read this book by Jesse C. Stine, it was right at the beginning of the three-year pandemic, and I was staying at home.
That period of time was not wasted at all - I read books, learned about trading, kept exercising, paid attention to a healthy diet, and corrected all the bad habits from my past life.
His trading method is very easy to understand, just like a textbook. It has enabled me to have a deeper understanding of stock selection, the timing of buying and selling.
The book also comes with 11 sets of trend charts for analysis, which is very practical.
Under his influence, I have become more serious about running. Starting from the initial intermittent walking and stopping, to eventually being able to complete a 5-kilometer run in one go, I have become increasingly confident in my body.
From Jesse's book, I understood the spirit of sharing that he wanted to convey. He said: "During the process of sharing, I can also acquire more investment knowledge. This is a win-win situation. By sharing my passion, I can also encourage others and help them recognize their financial dreams and strive towards this goal."
During the waiting period in the stock market and when the market conditions are not favorable, I do feel a little anxious. At such times, I remind myself: Try to stay away from the stock market.
I shift my emotions to my writing, just like Jesse, and share my life and my thoughts.
I set myself a quantitative list: to publish 2-3 articles per week. This naturally allowed my attention to return to a structured writing state. When I am immersed in writing, I enter a state of "flow":
- My attention is regained under control
- Emotional fluctuations are significantly reduced
- Anxiety about the market is greatly alleviated
This is a shift in emotions, and it's also a way of distancing myself from the market's definition of my value.
4、 A true master focuses on "three curves":
Many people have only one curve: The asset curve (stock market)
However, those who are truly long-term stable will manage three simultaneously:
- Market curve (investment)
- Physical curve (health)
- Content curve (influence/ income)
When one of them is in a downturn, the other two can support you. This is the essence of risk-resistance ability.
5、 Conclusion：
So I began to re-understand the meaning of "the purpose of reading":
Reading is not just about acquiring higher knowledge, but also about finding the paths that can be immediately acted upon. Or to put it more directly: A truly useful book is not something to look up to, but something to start with.
"Insider Buy Superstocks", compared to some classic books, it is nothing special, but but it has strengthened me, and I have been building my system step by step.
- Running, from intermittent to continuous persistence
- Writing, starting from scratch to build a website
- Nutritional diet
These things may seem simple, but they have one thing in common: they are executable and can accumulate over time.
Of course, some classic books are very valuable, but they often give a sense of distance: you know it is right, but you don't know where to start.
---Extended Reading and Resources---
My instruction manual：
[A curated list of tools and books that have genuinely helped me on my journey. If you find them useful, they might help you too.]
[My reading list] & [My everyday toolkit]