Investment techniques from legendary trader Kim Jun-song!

Is there a skill to investing? If so, how can you learn it? And once you learn it, can you consistently make money through financial investments? This book answers these questions.
To sum up, there is a definite skill to investing, and it can be learned, allowing you to consistently generate profits.
It will be of great help not only to students preparing to invest and individual investors currently investing, but also to fund managers, traders, sales, and support staff working at financial institutions.

The biggest vulnerability of domestic individual investors today is their inability to invest in a variety of products.
Product diversification for individual investors is a pressing issue, and it is also a crucial factor in determining their future investment performance.
--- p.29

Stop loss is literally a stop order that prevents further losses when the loss reaches a certain level.
It's a simple and obvious concept, but it's the most important principle a trader must follow.
This applies not only to IB traders but also to individual investors.
--- p.89

Yield curves not only differ across currencies, but also across commodities.
Representative examples include the government bond yield curve, interest rate swap yield curve, and cross swap yield curve. It will be easy to understand if you remember that each financial product has its own supply and demand, and that interest rates are determined for each product.
--- p.174

The most important factor affecting option prices is the volatility of the commodity's price.
Some goods have prices that fluctuate greatly, while others have prices that do not change much over time.
Naturally, options for products with high price volatility will be more valuable.
In other words, the price volatility of a product is an important factor in determining the price of its options.
--- p.181

The risk of cross position is basis risk.
Basically, the reason for trading two commodities in opposite directions is that the profit and loss of the two positions are expected to occur in opposite directions, that is, if one side loses, the other side gains, so that they somewhat offset each other.
However, in some cases, the two positions may move in the same direction rather than in opposite directions to form a hedge, resulting in simultaneous profits or losses in both positions.

--- p.216

Domestic individual investors, especially those seeking to make a living from investing, should diversify their trading beyond just trading domestic stocks. They should also consider trading U.S., European, and Asian stocks, foreign exchange, bonds, and raw materials, and even derivatives. This will significantly increase their long-term investment returns.

--- p.230

The days when one lifelong career could solve all of life's financial problems are long gone.
Even if you have the will to work hard, there are not enough good jobs.
Even if you leave a small amount of assets alone, it is unlikely that they will turn into a large sum of money later on.
My parents and older brother's generation don't show any mercy to me, perhaps because they too are having a hard time.
Although there are enormous opportunities for new cutting-edge businesses, in reality they are only available to a very select few.

--- p.254