Guide:
The reason why the Yangtze River and the Yellow River are great is that when they encounter obstacles, they turn and follow the lowest crack. In this market, obedience is like water.
The 8 words "from the great to the simple, the king's way has no way" are the core content of stock and foreign exchange trading. Whoever can comprehend and implement it first will be on the road to success earlier.
I have been doing foreign exchange for such a long time. From now on, I will summarize some of my insights in daily operations and the insights of some investors I have seen. If you can fully understand the true meaning after reading it, no matter in the stock market The market is still the foreign exchange market, at least you will be on the side of the minority.
I read an article a long time ago, saying that fundamentals are completely useless to me, and I agree with them. I always think that commodity price trends are fully reflected in the charts, and those fundamentals are all bullish and bearish. hindsight
It can be said that there is no reference value. To give the simplest example, when the market is at 6,000 points, it is all positive. Everyone looks at 10,000 points. If any analyst says it is bad, it is all negative at 1664 points. There are countless examples of these good things, just like the daily morning and closing reviews of the commodity market. If it rises, it will be good, and if it falls, it will be bad. If we want to succeed early, we must not spend our energy on useless things. In terms of fundamental analysis, put more effort into technology, so that you can keep pace with the main players.
But how to do it is called "Broad to Simple". At present, there are many technical factions, such as Gann, Wave, Adam, some people are completely obsessed with this, especially new investors, almost all the books on technical analysis on the market After reading it completely, I can say with certainty that when he reads it completely, he is not far from failure.
Trading is a boring thing. What we have to do every day is to operate according to the instructions issued by the trading system. The trading system must be simple and simple, so simple that we don't need to think about it.
A good trading system can be said to be rare, and some people may not be able to comprehend it in a lifetime, while some people will discover the laws of the market unintentionally, and after continuous improvement, they will finally find a trading system that suits them, just like Newton. The law of universal gravitation is found in the same. As the saying goes, sometimes there must be something in fate, and there is no time in fate. Don't force it. If you want to plant flowers, the flowers will not bloom, but if you don't want to plant willows and willows to make shade.
There is a saying that the K line is a boat, and the moving average is water. Let me add one more sentence: water can carry a boat and also capsize it. The moving average is the potential. Of course, we must use a suitable moving average. This can only be explored by ourselves.
To invest, you must have two hearts for the market, one in awe and one in gratitude. If you make money, think about luck, thank the market, don’t be arrogant, try to manipulate the market, control the market, you will only be beaten to pieces by the market if you do that, and look for reasons if you lose money. You must also have self-confidence and a kind heart. After failure, you must not lose heart. You can lose anything, but you must not lose self-confidence.
And you also need to have a kind heart in life, do more good deeds when you have money, we don’t expect good deeds to be rewarded, at least when you see 70-year-olds begging on the street, do what you can Give some money inside, when you see stray animals, if you can try to take them in or find them for adoption, you can have a clear conscience.
Only with these hearts will you have a sharp weapon to contend with the greed and fear in your heart. If you are blindly arrogant and conceited when you succeed, but when you are frustrated, you give up on yourself and give birth to gambling, and the ending is only two words----failure.
Don't set goals for yourself, think about how many times a month, or dozens of times a year. There are many stories in the market, but there are only a few people, and success is also a very few people. If your goals are bigger, you will be farther away from success The farther you go, there is a saying that the greater the hope, the greater the disappointment. Success can only be born in a normal state of mind. If you are too eager for quick success, I believe that the ending is still two words---failure
A successful trader never makes an order based on his own forecast, but trades based on the market's reaction to the trend of events that have occurred.
Many losers have spent their entire lives looking for better forecasting methods, but with little success, and they are still stubborn. They know that they have made a mistake in the direction of the order, but they are lucky, hoping for a miracle, and the short order will turn into a long one. Long-term orders become pair-locked orders, and finally unlocked become storm warrants.
Whether it is forecasting, timing selection, fund management or mentality control, only when combined with actual trading behavior can we understand its true meaning. Divorced from actual transactions, any pyramid overweight, long-term and short-term are all empty and meaningless.
Some investors and traders try to buy a set of software that can accurately provide buying and selling signals, and even spend a lot of money, and encounter the pain of being deceived. In this market where human nature fights, due to the failure of individual transactions, human nature has mutated, and there are many people who have been deceived by changing their tactics to fool others on the Internet.
The real master traders hide their bodies, and some investors and traders blindly seek out teachers everywhere when they are confused about the current market trend.
If the other party is right about one or two waves of market quotations, it is as if he is visiting a fairy, and he is desperate, causing huge losses to himself, shouting that the sky is not working, and the earth is not right, beating his chest and feet, and regretting it is too late. I am here to say something cautiously: there is no 100% profitable software! There are no experts who are 100% profitable!
There are no 100% profitable trading cheats! Whoever said there is, then it is - a liar! Some investors even travel to major bookstores in order to buy a lot of professional trading books to learn.
In the history of futures for more than 100 years, futures theory can be described as "different genres and thousands of methods". When entering the market, most people always try their best to understand the market as much as possible and master technology, so they buy a lot of futures books.
In fact, it is not necessary. Different genres and different books just describe futures from different angles and different aspects. Once one book is understood, the rest can be understood by analogy. The ancients called those who read too many books without thinking about them as book eaters.
Traders are advised to keep a copy of "Technical Analysis of Futures Market" by John Murphy and throw all other professional books into the trash can.
For beginners, it is a necessary stage to learn from others' strengths. On this basis, they can choose a direction that suits them and specialize in one subject.
Excessive belief in "analysts" and "forecasters" will in turn affect your judgment and even the transaction itself. This "reflexivity" is like a virus in the computer and a virus in the human brain. Take fear as an example, it is something that speculators can never avoid. If you want to change your destiny, you must overcome your fear and attack with all your strength when the trading opportunity comes.
However, speculators may spend months, or even years, crawling, patient and waiting before really waiting for this opportunity to come. Of course, money management is also knowledgeable, and betting on your entire net worth in an instant is tantamount to gambling and death.
It is not advisable to be reckless, stop loss is absolute, and prediction must be abandoned. Never presuppose any position before making a deal. Once the view of the midline is established, don't be fooled by the secondary fluctuations. Absolute stability and self-confidence are necessary until the market proves you wrong.
Of course, everyone is affected by book profits. What we have to do is to minimize this impact. Facing speculators is all about probability and risk. What is gained is the profit behind the risk. Human nature has a greedy and fearful side. We cannot ruin our family and our own future because of blind greed, nor can we be afraid of risks because of fear and miss good opportunities all our lives.
How many real opportunities do people have in their lifetime. When the speculators calculate that I have a large enough winning percentage in this wave of betting, we must overcome our instincts and fears, bravely do our best, and strike with all our might.
There is no other choice, no way out, and no one else can save you. Only by ourselves, who made us choose "speculation", an industry where "angels and Satan walk together, champagne and drugs coexist".
When the opportunity to enter the market comes, it must be as fast as a leopard hunting its prey, and it must be as cruel as a wolf. When watching the market, you must have the sharp eyes of an eagle. When the stop profit and stop loss points are reached, you will run faster than the rabbit!
When the external market rises or falls sharply, when domestic commodities are not in line with the external market trend, but deviate from it, you must not blindly operate against the domestic commodity trend, because each market has its own laws, and at some point, it will not follow the external market. , will not be affected by the news, and the impact is temporary. After the market reacts, it will still operate in the original direction. It must not be operated against the market. There is a saying: It is right to stop the loss wrongly, and it is right to go against the market. wrong.
Stop loss is indeed very important, but if you do a blind stop loss within the day, it will only affect your mentality, causing the profit to be much smaller than the loss. This is called stop loss and stop loss. money, so I advise everyone not to do intraday trading and don’t contribute handling fees to futures companies. In fact, the overnight risk is far less than the endless stop loss within the day (of course, you must have a feasible trading system for swing trading. If you do it wrong, then It’s no different from gambling, remember, long-term gambling has no winners), big profits are all obtained from swing operations, and intraday operations such as speculation are not without success, but that’s just rare, don’t estimate your own ability Too high, frequent operations within the day, and failures caused by excessive stop losses are no less than those caused by adverse market conditions and full-position operations.
Remember that opportunities are waiting for you. Successful people do not operate most of the time. Only those who want to get rich overnight will do intraday trading endlessly. It is better to gamble
After you set up the order and set the stop loss, you can turn off the computer and go out to relax. You don’t have to stare at the K-line every day. People’s moods are easily disturbed by price changes. Run quickly in the direction you originally judged. Remember that as long as you have not reached the stop-profit and stop-loss point you originally set, don’t be confused by the short-term intraday trend. If you have poor self-control, just as I said, turn off the computer and go out, relax and relax When the wife, children and family go out for a trip, remember that investment is not everything, there are still many things waiting for us to do in life---keep a certain distance from the market.
The entry point does seriously affect the mentality of holding a single. If the entry point is too high, the mentality of the single holding will be unstable.
When a variety of the same nature is long, it will start to be stronger in the morning, especially in the afternoon than other varieties. Remember that the strong will always be strong. The opposite is true when shorting
When you are long, you need to increase your volume when you break through to open a position or increase your position. If the trading volume is extremely small, it may be a false breakthrough, especially when there is no effective breakthrough. When the system sends out a signal to close the position, it must be executed. Don’t be lucky. Often the next day’s stop loss will be greater than the previous day’s end stop loss loss.
Never make small money, never lose big money
You can't make money by always doing what's obvious or what everyone else is doing. For rational investment, mental attitude is more important than skill.
--Graham, "The Intelligent Investor"
For hundreds of years, the conspiracy and tricks of the minority to plunder the majority in the capital market have not changed much. People are always doing "obvious or what everyone is doing", so where are the conspiracy and tricks hidden. Most people are always doing things like headless chickens in the game of price fluctuations. Their repeated irrational behavior has decided that you are doomed to fail if you do this.
There is no free lunch in the world, so how can you make money? Patience is the price.
Mr. Market is invincible, it is his nature to go back and forth, but he also has the weakness of being excited every once in a while, and this weakness is exactly where the wise man draws his sword.
Avoid traps, never make small money, never lose big money, you can not open for three years, but most of the time you must do it for three years. There are very few opportunities for retail investors in this market, so you have to wait, the world There is no free lunch, how can you make money, patience is the price.
Waiting patiently and resisting extreme price phenomena is the kingly way of investing.
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