I have always wanted to discuss a topic-what does profit have to do with it? Mainly, many people hoped that I could talk about my personal methods and strategies, so I wrote this article (the content is mainly related to the medium and long-term, and I personally don’t know how to do short-term, and I really have no short-term experience). Let me say in advance that I am not a master, but also a little leek, and the expression is just my personal opinion. If there is any mistake or omission, I hope everyone will point it out, thank you! The main reason for this topic is that many people asked me how to look at gold in the early stage, whether it is long or short, and do you understand the technical aspects, and some people will talk about the fundamentals, but there are really few. Fundamentals should be based on personal understanding. Yes, just like reading a book, what you learn has something to do with understanding. Many people will have different perceptions after reading it.
In fact, I was obsessed with technical aspects + fundamentals at the beginning. I also saw a lot of masters writing a lot about this thing. I kept reflecting on my mistakes in making orders, and looked at why it was right or wrong. Whether it should be held for a long time or a short-term holding, these should actually be right, or they can be said to be wrong, or should be determined according to personal personality. An impatient character will definitely be a bit uncomfortable to be a mid-term. There are also many things that cannot be copied.
Let me talk about my own experience here, because I mainly focus on band or medium and long-term, and rarely look at short-term or one-day things when looking at things. Most of them start by looking at one week, two weeks, one month, or even one year. Pre-judgment will be made in advance for things that are about to happen with a high probability in about two years, and the ups and downs in the middle are generally seldom watched. Let this fluctuation be played by yourself. If you look at short-term things every day, it will take a lot of time, and it will be very tiring. In addition, I am a lazy person, and I don’t like to watch the market often. When I have a chance or I am in a good mood, I see that the recent fundamentals are okay, and the points are okay. after the judgment is completed). Most of the trend is based on what may happen in the future of the event, and the K-line of the market will have a corresponding reflection. The speculation must be "buying current events, speculating on expectations", which will be reflected in advance. It may become negative, after all, the previous news has been digested.
For making orders, I mainly look at fundamentals + technicals + market sentiment. In my eyes, these should be more important, but they also include a lot of things.
1. I mainly make gold, so let’s talk about gold. For example, the current volatility of gold, under normal circumstances, it should be a normal phenomenon to rise or fall by 20-30 US dollars. Of course, there are also unconventional ones, such as 50 or more US dollars. It’s just that this phenomenon is relatively small, but as a trader, it must be It needs to be counted, because both have the potential to sweep you away. Understand this rule in order to do better risk control and not let yourself have too many problems.
2. Fundamentals are hard to say. They include too many things, such as the current economic situation, national conditions and policies, epidemics, vaccines, national debt, etc. In fact, this is also very lacking for individuals, and I am constantly learning , Including macro and micro knowledge, which things will affect what, come out a message to understand the logic behind it, whether it is true or false, this needs to be judged by yourself. For the news that we retail investors actually get, it can be said that the news we see has been filtered many times, but it still has a certain effect. This needs to be understood by ourselves.
3. There are a lot of technical things to talk about. I always understand that this thing is useful, but sometimes it doesn’t work. There are too many technical things, and there are reasons for how to draw. As for the indicator, I only use the moving average (5.10.20, sometimes 50.200) and MACD. As for the RSI in my chart every time, I actually don’t understand it at all. It’s completely used for good looks, haha! Now I just draw the trend occasionally, to identify how many kinds of possibilities there are, and when the fundamentals determine a good direction, I need to look at the point, and how many possibilities determine where the risk of placing an order is the least or how much risk I can bear. (You don’t need to learn too much about technical aspects, just apply to yourself, let alone think that it is omnipotent, you must look at it in combination with fundamentals. Not many, of course, the existence of great gods cannot be ruled out.)
4. Market sentiment, this thing is actually very interesting. When there is a big rise or fall, there must be something with emotion. When there is a big fall or a big rise, it is necessary to understand whether the rise is driven by its own value or driven by emotions. This is If you want to increase or decrease your position, whether you are "luting more" or "luting short".
5. It is recommended to stay in the market forever, so that you can really have a chance. When you liquidate or leave, this market will definitely not belong to you anymore. It can be said that there is no chance at all. For chasing ups and downs, it should be said that you are not in the car for the most part. It is actually very painful when you are not in the car when you see a rise or fall. I have often felt this feeling before.
6. Learn to be patient and wait. Often there will be great mood swings when watching the market. Why there are traders and traders in this industry is because most people watch the market and see fluctuations. In fact, it is easy to be affected, which is easy to influence The earliest personal judgment may lose the original intention, which is very unreasonable. If you are trading alone, try to watch the market as little as possible after making a good strategy, and it is actually good to spend more time doing what you want to do (just watch occasionally, this method is mainly for medium and long-term practices). If you wait without an order, many opportunities come from waiting, not just placing an order at will. It is said that "ten minutes on stage, ten years off stage", this means that to do something, you need to be fully prepared before you start to make a move. Only by being very precise can you have more hope of winning greater victories. Be a friend of time, you will get more.
7. Don’t have too many "plays" in your heart, always thinking whether the main force is washing you, I think it’s okay to place an order, and many times I think it’s a bad decision, and the market may not appreciate "wishful thinking" , Ordering must have its own logic, even if you make a mistake, it doesn't matter, because no one in this world will not make mistakes, but if you make a mistake, you must learn the corresponding experience, so that you can grow faster. Keep a simple heart and don’t be too complicated. Sometimes after placing an order, you start to wonder if you made a mistake. This is very wrong. Face it simply, and time will tell you the truth. A lot of predictions have been made before the order, and those who have done a good job in risk control only need to wait.
8. I have more trust in myself, and I often communicate with friends about fundamentals, and some friends even make models (models are also a reference, but not the only standard, 100% correct), anyone’s Understanding will have its own logic, and those logics can be used for reference, but you must have your own logic and combine other people's logic with your own to make a decision. This decision will be of great help to your growth, because the truth will be demonstrated later Yes, right or wrong is actually not that important, the point is that you firmly believe that it will come soon, instead of a friend saying his point of view, you just follow it completely, which is unfair to yourself, after all, you are doing the transaction yourself , Destiny needs to be in your own hands.
9. Don't care too much about gains and losses, always only have your own logic, many times we tend to easily want this and that, but in the end we don't get anything. Don't envy others, humbly find what you want is the most important thing. If you see how much others have earned, or have caught both long and short positions, it is meaningless for you to envy this. In this world, there will always be losses when there is something. Keep your own boundaries and earn within your ability. This kind of money is the most reassuring, so that you won’t be tired every day, causing yourself to feel bad and uncomfortable. This is unfair to yourself. Trading is happy, not to make yourself uncomfortable. Things just don't work for me.