The biggest advantage is being clumsy, strictly abiding by trading discipline, and no longer thinking wildly.
The so-called growth of trading is no wonder that with the increase of trading experience and experience, different trading cognitions will appear at different stages.
It is not because you can make money in trading that you can become an excellent person. Only by becoming an excellent person can you make money in trading.
A good trader should have all the qualities of a good person: single-minded and focused:
There are not many ways to trade, as long as it is suitable;
The profit of the transaction is not big, it is good to be stable.
Veteran traders never pursue huge profits, they only pursue stable compound interest.
The best advice about futures trading is to stop before you start.
Every participant must have a clear understanding of this.
Forex trading is a cruel money game, the essence of winning in this game:
1. Take a look at the overall situation, that is, take advantage of the trend
Comprehend the yin-yang transition of price operation, and follow the trend of the cycle you can control. In the current market development, trends often exist, and trends are closely related to time frames. For example, a weekly k-line contains a lot of hourly levels trending quotes.
We must choose a cycle that we can control according to our own trading system to operate with the trend.
2. Be patient and wait
This is the choice of opportunities. Subtraction should be done in the choice of opportunities. Choose valuable opportunities and choose opportunities with a high profit-loss ratio. This is related to the trend of the larger cycle you refer to and the room for price fluctuations.
For example, you have found a trend, but this is not enough. The price fluctuations along with the trend always have three elements: direction, amplitude, and center point. We have to wait for opportunities at both ends of the volatility, and we have to go through the screening of time, time is the moving average and shape.
Only when you have a deep understanding of this can you wait effectively and clearly.
3. Meticulous and precise
That is, the grasp of the entry point and the exit point, the relative certainty of the entry point, and the profit-loss ratio of the entry point are closely related to the time element and the space element.
4. Compare courage
Don’t hesitate when an opportunity arises. This is related to human nature, and to the understanding of the market and human nature. To survive in the trading market, you must be willing to set up your own trading system according to your own ability circle, and then use the system signals to trade Rules, trading principles, tabularization, programming, elimination of options, and increased execution must be fully aware of the awe of the market, but the execution system must be fearless.
5. Establish the correct way of thinking about trading
To respect the market, the market is always right, not to be an enemy of the market, to have a deep understanding of the profit and loss philosophy, to make a profit without losing money for a long time, to be willing to be willing, to drink only a spoonful of the surging river.
6. Willpower
The attitude towards shocks after holding a position, in the case of relatively high profit and loss, you must take orders calmly, not be moved by market fluctuations, and last for a long time to ensure account profitability.
7. Good attitude, calm and calm
Don't be dissatisfied after the loss, don't try to make the market return the loss immediately, and don't try to retaliate against the market.
Don't be proud after making a profit. The money earned by the market is the easiest to return to the market.
When a mature trader is trading, if two people are one, one person sits, one person observes, and observes oneself and is righteous.
Observe your emotions, state of mind, etc. all the time.
In the past, I felt that my biggest advantage in trading was being smart and being able to accurately predict prices.
Now, I think my biggest advantage in trading is being clumsy, strictly abiding by trading discipline, and no longer thinking about it.
The so-called growth of trading is no wonder that with the increase of trading experience and experience, different trading cognitions will appear at different stages.
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