How many beatings does it take to make a successful transaction...

Thoughts from Trader Bo Wen
交易员博闻

Let's talk about the transaction today:

At the beginning of this year, a friend recommended to me a trading guru Qxx many times. It is said that he has made tens of millions of dollars in futures trading, and he is very famous on the Internet and has many loyal fans.

I usually hear this kind of who makes a lot of money, and I don’t feel any disturbance at all, because I know very well that as long as you have the spirit of fighting hard in trading, sooner or later you will catch a wave of big market prices, and you will definitely make a lot of money. Just think that even a blind cat can catch a dead mouse.

It is not difficult to make money from trading. The real difficulty is that you can make money continuously and steadily. If you make a lot of money today and then lose money later, that’s useless.

I had experience back then. In order to control this retracement, especially the huge retracement of funds, I thought of many ways, such as withdrawing funds, not only withdrawing funds, but also buying fixed assets as soon as possible after withdrawing funds, just because I was afraid that one day Lose money back again.

Then this friend kept telling me that this great god is no better than those who talk on the Internet, and then out of curiosity, I would occasionally read his articles and opinions.

To be honest, he is a good analyst. This is my judgment, but I can make a clear judgment. If he continues to trade after making a lot of money that year, there is a high probability that the money he made that year has already been paid off one after another. After losing money, he will definitely not be the kind of master who makes stable profits.

why?

Because a master with stable profits cannot be the kind who points out the world, inspires words, and is a man of thousands of households.

In this market, which one survived for a long time without being beaten all over by the market?

The market is full of randomness and chance. After a long time, you will be in awe of the market. If you think you are awesome, it can only show that you are ignorant.

And let me say one more thing, if I really meet a master and really make a lot of money from the market, I'm actually not envious at all, why?

Here I can explain it by borrowing a scene from "Farewell My Concubine" that impressed me very deeply:

dachshund

Little Laizi and Xiaodouzi secretly went out to watch other people singing. When they saw that their peers on the stage had already formed horns, and it was very exciting, Xiao Laizi suddenly burst into tears: How many beatings will they have to suffer?

It's the same with trading. If you see a real successful trader, how many times he was beaten by the market behind his back?

Peeling off the shiny coat, the inside must be full of scars.

In real life, many people may not be happy in life and work, so they enter the speculative market with a kind of evasion mentality:

I fantasize about speculating in stocks and futures, and then I can make money from the market stably, so that I no longer have to look at the face of the boss.

This kind of thinking is really naive. If you want to succeed in this market, you must pay a hundred times or even a thousand times the effort, and it is possible to work hard for decades.

Okay, let's talk about the market again:

Last night and today, I closed a long position in a non-US currency that I held, and I did okay, but the position is already short.

But what I want to say is:

I just temporarily think that the market needs to adjust. The dollar has indeed fallen too hard in the short term. This does not mean that this wave is over.

According to my analysis, this is just the first wave of the market, that is, the initial stage of the market, and the real second wave is the big market.

And in my judgment, from December this year to March next year, there should be a climax of transactions, and there should be more opportunities.

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Last updated: 09/07/2023 12:16

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