I have written a lot about technical analysis before. You need to study with a questioning attitude, think and verify more, discard the dross and extract the essence. This also takes a period of time to digest. So I won’t share anything about technology recently, but I would rather talk about things other than technology.
In fact, I personally think that these things are more important than technology, because even if you learn the technology, you may not necessarily be able to increase your winning rate. Even if your winning rate is increased, you may not necessarily be able to make money. . To put it simply, for some experienced traders, experience may be more important. Sometimes experience needs to be bumped to understand. Sometimes even if you bump into it, you have not summed up the experience. This may be shared by like-minded people. meaning, sum up each other, and grow together. Without further ado, let me share some trading skills summarized by my personal trading center.
Do not switch trading directions frequently
What I'm talking about here is not the situation where one K-line changes attitude, and two K-lines change beliefs, that is purely a matter of mentality. What we want to talk about is the situation of being too greedy for profits and overconfident in yourself. To put it bluntly, you want to make money from both long and short positions, and you want to catch every market. It is undeniable that some professional high-frequency traders are very powerful. Using scalping methods not only earns account profits, but also obtains lower transaction costs (larger trading volumes and lower spreads), but it is difficult for most people to achieve ideal result.
As long as you identify a direction, before the basis is not destroyed, don't easily grab the profit in one direction, and switch back and forth in the direction of long and short, otherwise after a period of trading, you will find that both ends are empty, and you will eventually lose money. I don't even know if it's full or empty. This has nothing to do with going against the trend. Frankly speaking, you can only know whether it is empty or volatile only when the market comes out. Besides, it is not impossible to make money if you go against the trend. Try to stick to it for a period of time, and don't switch back and forth, because it is easy to mess up, and once there is a mess, it is not far from the change of attitude on one K-line mentioned above, and the change of belief on two K-lines.
Dona Band Single
The band mentioned here refers to the band above the 4-hour level. Generally speaking, there will be two to three hundred points or even more space. I know that some friends like to do intraday trading, and they only make direction judgments for more than 4 hours, and enter and exit more on the hourly line or even 5 minutes and 30 minutes, but I still suggest that even this type of traders can learn to take swing orders .
First of all, fluctuations above the 4-hour level are relatively stable, because short-term speculative sentiment is very repetitive, and it is relatively difficult to grasp. Be careful, you may have to post upside down. In addition, below the 4-hour level, it is ideal for many traders to achieve a profit-loss ratio of 2:1, but in fact this is far from enough. Most of the time, we cannot grasp the rhythm of the market. If you live, you need to take as much space as possible (this is similar to the concept of letting profits run). Personally, I think that the profit-loss ratio of 2:1 is far from enough. Match the target.
Some friends will definitely say whether the requirements are too high. If you predict the direction according to the level of more than 4 hours, then look for entry in 1 hour or 30 minutes, and then return to hold for more than 4 hours and look for the exit point of the band, it is very easy, and because of the holding time It is also an intangible benefit to reduce the frequency of transactions due to lengthening; some people will say, I can’t hold the list, so I suggest you take it after reducing your position, and you will get used to it when you hold it. The details need to be summed up by yourself. Slowly you will find that the main source of profit in the transaction is in these big profits, and small profits are profit and loss, which is difficult to help the account appreciation too much.
Don't be a brainstorm
Even if you learn to make a trading plan, you have to admit that we are only mortals after all. Sometimes we clearly know that we should trade according to this plan today, but we may feel overwhelmed with a sense of accomplishment because we have made a profit in the transaction, and when our minds heat up, we become "proud" when we place an order; Ben, or he was angry and competed with the market. All of these situations may happen (my last review article was about my long-lost brain fever problem), I don’t know if anyone can be rational enough to completely eliminate it, but at least I haven’t seen an individual trader who can do it. (I never do it when the company is making orders, because there is a mechanism to restrain you at this time, and you can gain rationality because of it; but it is inevitable when returning to personal transactions. This is the same as if you live in a country ruled by law and you can Be law-abiding, but you don't know what you'll do if you end up in a wild place that's only under your control.)
For this problem, my method is to plan the funds I want to lose, and to digest this emotion in advance. When I lose money, I also know what the state of the account is, and after the profit reaches the target, I will readjust my account. The investment plan, so that I realize that a certain part of the profit cannot be touched. In addition, there is always a "review book" written to myself after a huge loss in front of my computer. When my brain is hot, I can see it at a glance. , At this time, I will choose to shut down and stop losses in the fastest way, and then calm myself down. If you have your own way, I would like to share it with you.
Due to space constraints, I will stop here for the time being. There is a saying that the luckiest thing in life is that what you love happens to support you. Trading is my passion and I'm thankful it still makes my life.
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