It is often seen that people will be entangled in which trading method to choose, intraday trading, swing trading or long-term trading, which trading indicator to use, Bollinger bands, MACD or random indicator, which analysis method to choose, technical analysis or Fundamental analysis... Generally speaking, a successful trader has his own systematic trading system, in which there is a trading method that suits his personality, and many real trading masters are actually unwilling to share their success Strategy or experience is because everyone’s personality setting is different, and there will be differences when doing transactions. Many so-called trading teachers call out orders and brainwash them every day, and publish some personality strategies, trading laws and strategies suitable for the general public. Chicken soup hydrology, if you think about it carefully, everyone is tired of talking about these rules and mentality issues, everyone knows everyone, and not only in the trading circle, but in any other industry. Sex, just to deceive some young leeks who have just entered the industry. After several years of sad history, I found that it is the most practical to formulate trading strategies based on my own trading personality. It is really useless to read those chicken soup articles, they are all shouting orders It's just a trick.
On this long road of trading, we must continue to learn the review and summary. Whether success or failure is the foundation for future success, we will gradually refine every transaction detail and find the most suitable strategy for us. You can't be a trader without a plan and no thought. You don't know yourself and you don't understand the transaction. Opportunities are won by yourself. It is much better to actively analyze yourself and trade than follow the analysis teacher without thinking....
The first point is to clarify your ideal trading time, choose the trading time that suits you according to whether you are trading full-time or part-time, give examples of three trading time options: intraday trading, swing trading, and long-term trading, and verify your choice in practice Whether it is correct or not, optimize the selection in each review summary.
The second point is to clarify which analysis method is suitable for you, whether you are better at technical aspects or fundamental aspects, find out your strengths, or combine the two in different proportions.
The third point is to choose the indicator reasonably. I personally think that the indicator is just an auxiliary tool. We must give full play to the effectiveness of this tool. It may be a bit difficult to learn the indicator at the beginning. You can start to measure which one you prefer during the learning process. indicators, and then verified in practice.
The fourth point is the range of risk tolerance. Everyone has a different tolerance for risk, so the operation of stop profit and stop loss in the process of trading is also different. High profits are generally accompanied by high risks. If I am not a person with strong tolerance, but I made an inappropriate order. Once it brings losses, it will greatly affect my trading mentality. Continuous backtesting is required, and after calculation, you know how much risk you should be suitable for each transaction.
This is a process of constant trial and error, as well as a process of accumulating money. You need to explore the results in real transactions. You will be confused, frustrated and even want to give up, but when you find your trading personality and trading strategy I believe that your sense of accomplishment is also huge. If you come over steadily, the scenery in front of you will naturally be different from before.
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