I have been trading for a long time, and I know more and more like-minded people. Some have been immersed in the trading market for nearly ten years, and some have only been three or two years. Among them, there are outstanding ones who have achieved stable profits, and some are still confused. I don't want to use the concept of success and failure to make a distinction. This may be too extreme, but stable profits and inability to make stable profits at least reflect the strength of a trader's ability, so let's divide these two types of people into the strong in the trading circle. the weak and the weak.
These strong people do not have the advantage of years of experience. It does not mean that those with a long trading time must be strong, and those with a short trading time must be weak. Of course, those traders who have been immersed in the market for many years have more experience in various large and small markets, and most of them can use various technical indicators and tactics with ease. At first glance, they may have obvious advantages in knowledge reserve , but most of them are still unable to become strong players in the transaction. Some people will say that trading requires talent, and I am not that talented person, and some people will say that I am still not good enough in technology, and I need to learn more, but few people mention review.
Many traders are not unfamiliar with the word resumption, but very few people know how to do it and actually do it. Not much to say, let's first give a few directions on the details of the review method for your reference:
Technical review
As we all know, any technical indicators and analysis methods are not omnipotent, they are all about probability, so it is particularly important to test and summarize the effectiveness of these technical analysis. But most traders follow the theory mechanically in the process of learning and testing. If they are right, they will be ecstatic; Whether to use or not to use this analysis method is based entirely on feelings and emotions. Few people have carried out review statistics in the study and application of technical analysis. If the above is exactly the same as you, then from now on, record the signal, logic and final result of each time you use this indicator, and review it after a period of time, you will clearly know that this set of indicators is in How effective is your use? As for how to improve or even discard it, the review can give you the answer.
Price review
After trading for a long time, you will find that even if you use the same technical analysis method, you may not get the same results in front of different trading varieties, because different trading varieties have their own fluctuation habits and operating laws. Through the review of historical prices, study their unique habits and laws in the past price operations such as skyrocketing market, volatile market or breakout market, such as the US dollar against the Canadian dollar in the Canadian interest rate decision Most of the time, there will be fluctuations of about 100 points. For example, the operation of crude oil prices often follows the Fibonacci ratio and so on. By reviewing the laws that appeared in the historical market, you will know to choose a trading method that is more suitable for the variety when trading different varieties.
Behavior review
Trading varieties will have their operating rules, and traders themselves will have some behavioral habits. And some of these habits are good and some are bad. For example, after an order enters the market, you will always lose control of yourself and exit the market early when you see a small profit, thus missing a larger profit of the original plan. For example, when there is a continuous loss, you tend to unconsciously It is a state of mind to increase positions and perform frequent operations, etc., but it is more a habit. I often review my trading behavior, and mark it in the follow-up trading plan, so as to strengthen myself to avoid some trading behaviors in time.
mentality review
About mentality is already a topic that has been turned over and over again, but I have to admit that this is another problem that needs to be faced all the time. I have said more than once that it is impossible to solve mentality with a few bowls of chicken soup and a few painful lessons. For this reason, I have focused on fund management, but mentality review is equally important. It is a good way to write your mentality into a trading diary. You have to know that these recorded strengths and weaknesses, greed and fear, these mental journeys will definitely meet again at some point in the future, and you can only remember them and face them. Only by them can you become the master who tames your demons.
Finally, I don’t intend to elaborate on the importance of review, but over the years, I have been urging my colleagues and friends that even if you have been trading in the market for several years, and you have learned about technical indicators and tactics, everything is empty talk without review.
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