What do you think is the most important thing in trading?

1. Establish the correct trading concept, correct logic, deep understanding of trading, correct understanding of the truth of profit, throw away those unrealistic ideas, and find a balance between the winning rate and the profit-loss ratio that can ultimately be expected Points, plus strict risk control, and then plus the accumulation of volume, whether it is a long-term trend or an intraday band, find an operation mode that suits you. As long as you can live up to expectations.

2. To form a complete trading system, what to do after having ideas and cognition is to form your own trading system and solidify it, which is completely solidified, including reference signal composition, trend judgment, solidification of trading currency trading hours, entry conditions, Exit conditions (leave to be specific, don’t give yourself room for random play, for example, I leave the preset four conditions, place an order to set a profit or loss, first or leave the market with a profit, and then set a flat insurance if the profit exceeds 50 points, the second The third condition is that the profit will return to Daping and leave the market. The fourth condition is to add a moving average. The candlestick crosses the moving average and closes to occupy the exit. The exit will only happen in these few situations. I just give an example to illustrate the meaning. Solidification) Then there is fund management (single stop loss amount/single stop loss point solidification, allow yourself to open new positions in a single day, allow yourself to grow positions), risk control in the entire system is very important. My idea is You must control the amount of a single loss. For example, the amount of a single stop loss does not exceed 2%. There must be no loopholes in your entire system. For example, some people do not set a stop loss. One day will result in heavy losses. The trading system, at least according to my current understanding, is the only way for every trader. If you are not perfect, you will still need to do this one day. Although it is a cliché, we have seen it a lot when we entered the industry Regarding the importance of the trading system, but after years of fighting, ask yourself, do you have a trading system? Is it perfect? Are there no loopholes? Can you achieve positive expectations by insisting on full implementation? Even if you lose ten orders in a row, can you still have the confidence to execute them? Confidence is not given by others, but built by yourself. Knowing that you can do it is more important than others telling you that you can do it. This is very important.

3. Review test and verification

This is the basic action of a professional trader, and it is also the action that should spend a lot of time doing. It is like raising soldiers for a thousand days and using them for a while. And most of us are like soldiers, who don’t even know how to use guns, and rush directly to the battlefield. The results of the battle with the elite can be imagined, so we must fully arm ourselves. If your system is a gun, then the replay is Training, to what extent? Man and gun in one. Let’s talk about the review, how to review, some people pull back the historical review on the trading board, this is meaningless, you will see those accurate opportunities in the review, and ignore those that failed, so I suggest that every trader must You need to buy a review software. There is double-blind software for futures. For currency trading, you can buy Forex Master 2 in a certain treasure. Add the indicator to adjust the spread, and fully implement the system one-by-one test. This can simulate the real trading experience. Know the significance of this blind test. In my opinion, at least ten years of data must be tested for the single product tested and it can be verified that the net value capital curve is positive before the system is completed. If the resumption is completely in accordance with the rules of the trading system and the capital is negative or the average performance is not satisfactory, then please repeat step 2. Re-optimize the trading system, at least ten years of data history testing, where is the source of confidence in trading? It is relative certainty. There is no complete certainty in this uncertain market, but relative certainty can be found through the trading system. The formation of this relative certainty is due to the formation of the system and a large number of review tests. Comprehensive verification, confirm the system through review, confirm the variety, confirm the time period, until you can open a variety at random for a year and the result of the blind test is positive. All the systems noted here cannot be perfect and have defects. Sometimes You can’t over-optimize, as long as it’s positive, remember that it’s the execution system that makes you profitable, not a good experience. Reviewing is something that a trader must spend a lot of time doing.

4. Consistent Execution

When the system is formed, review and verify that the expected value of funds is positive, which will not bring you profits. Only your unbiased execution can bring you profits. Know (system) - see (review) - do ( Execution), but above these three points are trading ideas and cognition of trading. Without correct ideas and deep cognition, a system cannot be formed, and without a system, stable profits cannot be made, and the system must be Only when the review verification can be positive can it be meaningful to persist. Why is it difficult for many people to implement it? Think about the reason. It is because there is no trust. If trust is established through the previous model review, it will be implemented. I am not sure if it can be done correctly. I believe that the expected system is difficult for most people to trust and implement, but it is meaningless to form a positive system without consistent implementation. This should be a path, concept cognition-system-verification-execution.

To do foreign exchange, the most important thing is to find a formal foreign exchange platform and pass the following tests:

1- Fund security (determined by platform history and small capital deposit and withdrawal tests)

2- Stable transaction, no slippage, no chuck! (Through the MT4 simulation and real test, especially in the big market, trading operation test)

3- Low transaction costs! (In the existing industry, the spread is mostly around US$15-25 for foreign exchange, Europe and the United States, and the spread of gold and crude oil is between 30-60. Our GTC Zehui Capital platform can provide a variety of low-spread trading accounts based on direct traders, Europe and America 0, gold Crude oil around 8)

4- Deposit and withdrawal test! (Generally, the withdrawal of funds arrives in time, and there is definitely a problem. The existing industry basically uses a third-party payment channel, and the deposit is timely, and most of the withdrawals take 1-2 working days)

This is an old-fashioned question, and I summarize it as follows from the perspective of a professional trader. The core elements of successful trading are: follow the trend, stop loss, rules, and execution.

Here, I would like to clarify one point in particular, that is, many people attribute their trading failures to bad mentality. I think such a statement is far-fetched. Let me ask, if a trader does not have a clear trading philosophy and strategy, does not know when to stop profit or stop loss, and does not set some trading rules for himself to strictly enforce, then can he achieve sustained profitability? Can his mentality be good? ? In other words, a bad mentality is an appearance, an external manifestation, not the root cause, and a "result" rather than a "cause".

If a trader effectively solves the four core elements of successful trading, namely, following the trend, stop loss, rules, and execution, and supplements it with active and appropriate self-adjustment, over time, his mentality will gradually calm down, and he will not be overjoyed. Don't be sad by falling, not anxious by adjustment.

One, take advantage of the trend

The first of the twelve Wall Street family mottos is stop loss, and I used to think so. But now, I think the first should give way to the trend. If you don't follow the trend, your operation will inevitably encounter many stop losses. Therefore, taking advantage of the trend is the most important element among the four elements of trading.

Follow the trend, four simple words, every trader knows, and can even say a lot of truths. But how much do you really understand? Judging from the reality that most people lose money, there are very few people who really understand.

For myself, that is, at some point earlier this year, my understanding of the trend suddenly became much clearer. For such a long time before, my understanding of the trend was vague and vacillating.

Traders must have their own judgment on the trend. Only on this basis can you follow the trend.

Two, stop loss

Stop loss, no matter how important its importance is, cannot be overstated. That is to say, even the wrong stop loss is right. Stop loss, this word sounds very uncomfortable, but if you hate this term very much, then your investment behavior has already planted a major hidden danger, just like a time bomb, which will destroy your investment career sooner or later .

For an investor, stop loss is an important part of a series of trading procedures, without any emotional color, although a strong man loses his arm, it is very natural. If you are not good at stop loss, one big loss is enough to lose the previous 99 profits. Therefore, only by strictly implementing stop loss can you survive in the capital market for a long time.

In trading, unwillingness or poor stop loss may lead to fatal consequences. Even if it is a clear bullish trend, a strong pullback on the way is enough to blow up the account due to the leverage effect.

It should be pointed out that stop loss is scientific, and should not be stopped at will, and "unnecessary" stop loss operations should be reduced as much as possible. After all, stop loss will lead to direct financial loss. Finally, I want to emphasize that stop loss is by no means the goal. The ultimate goal of trading is: no need to stop loss.

3. Rules

Many traders, as soon as they enter the capital market, cannot restrain the urge to trade and trade frequently. Why? One of the factors is that traders have too much control over their accounts, and transactions are too easy to complete with the click of a mouse. Think about real-world transactions or business dealings, which are restricted by many external factors, and you will think twice, but transactions in the capital market can be completed in a flash.

The excessive liberalization of transactions and the emotional characteristics of human nature are the root causes of many people's transaction failures. So, how to solve this problem? Only by formulating rules, only by establishing a binding transaction mechanism. Without constraints, it is possible to operate indiscriminately, "There is no rule without rules." The first effect of establishing rules is to reduce the risk of loss caused by frequent trading or emotional trading.

A trader can have several trading systems to deal with different market situations. But there is a premise, that is: the trading system must have been verified by the market for a long time, has a probability advantage, and traders have sufficient confidence in the system. Now, I have my own trading system and strategy concept. I am a quasi-systematic trader who integrates disk experience, and swing trader based on the daily trend.

Now, I have largely dismissed the idea of ​​forecasting. Because, I found that I just need to act according to the rules. If the market trend meets my conditions, I will enter or hold, otherwise, I will wait and see or stop the loss and get out. It's that simple, I don't need to bother subjectively to predict how the market may go.

4. Execution

Undoubtedly, once the rules are formulated, they must be strictly enforced, otherwise, they are just empty talk, and the rules lose their meaning of existence. Strictly implementing the rules set by myself and being completely self-disciplined is a difficult part. In the early days of my entry into the stock market, I was lost in frequent transactions, resulting in capital losses. There are also many friends around me who have or still lack sufficient self-discipline , and was troubled by it. In the capital market, the difficulty of implementation lies in relying on complete self-discipline and self-discipline. Because human beings are a combination of rationality and irrationality, the irrational side always tries to destroy our rational thinking consciously or unconsciously.

But we must overcome this hurdle and achieve strict self-discipline, otherwise, we will never be able to enter the ranks of successful people. And this process involves self-cultivation, requires the accumulation of time, and requires continuous self-psychological strengthening. "Cut off losses and let profits run!" is a famous Wall Street saying, which is familiar to everyone, and it is also the pursuit of every trader. But in actual trading activities, many people are: "Run when you earn, and defend when you lose." The reason is that they have not established a complete concept of following the trend, stop loss, rules, and execution.

To sum up, without knowing the trend judgment, it is impossible to follow the trend, and trading against the trend will inevitably encounter frequent and unnecessary stop losses.

If you don't stop loss well, you may get stuck, the stock market will suffer big losses when it encounters a big bear, and the futures market may lead to liquidation.

Without rules and without establishing a constrained trading mechanism, it is possible to trade emotionally, chase ups and downs impulsively frequently, and losses are inevitable.

With rules, but no execution, everything is equal to zero.

Only by following the trend, stop loss, rules, and execution, can we gradually move closer to the highest level of investment --- doing nothing and selflessness!

the most important is:

You have seen the transaction bills of one or more formal regulatory platforms with one or more traders' profits for more than three years, and you can analyze, think, and understand the details of each battle in the bills! Can sum up why this account is profitable in the end!

I think that many people have not thought about how important a role model, a real role model, is in the cycle of wandering, fighting, pain and regret for many years in the market. That will be your lighthouse in the vast ocean. Although the lighthouse cannot let you go forward, it will guide you in the direction, and with your own efforts, you will not get lost in the darkness!

Of course, whether you can meet such a trader with such a trading account, it can only be: fate depends on destiny, and everything depends on human effort!

But if you meet, cherish, learn, imitate, and finally create your own legend!

Let's encourage each other, come on!

There are different answers at different stages. For a person who is new to the market, if you talk to him about the trading mentality and how to take care of his inner peace, it will harm him and be useless. The research on anything is just a matter of epistemology and methodology. Recognize what needs to be done and create a solution by yourself. If you don’t have it, learn from others. Stones from other mountains can be used to exploit jade.

The most important thing when entering the market for the first time is to understand the market and learn all the necessary professional knowledge, such as economics, finance, trading, etc. In simple terms, it can be divided into the following factions. The representatives of each faction are: Livermore, Gann, Soros, Buffett, Simmons, Carl Ike, etc. have different methods. With certain professional knowledge, you may not be able to make stable profits, but without certain professional knowledge, you will definitely not be profitable. Therefore, the most important thing for newcomers to the market is to understand the market, to see mountains as mountains, and to see water as water

With a certain amount of knowledge and experience, after learning a lot of theoretical knowledge about trading, basic analysis, technical analysis, Gann theory, wave theory, even astrology, etc., I found that although I have a good understanding of the market Certain understanding, but disorganized, everything is useful, nothing is useless, and cannot trade stably, so the most important thing at this time is to form your own set of analysis and trading rules. At this time, the mountain is not the mountain, and the water is not the water

After forming your own methods and rules, as your understanding continues to improve, you have your own unique insights into the entire market and transactions. At this time, you have a clear judgment on everything external. Be responsible for the results, now whether you can implement your rules and the success or failure of the transaction will start to test your heart, do not implement the rules! Loss, profit! Excited. loss! Regret and annoyance, at this time! How to keep your inner peace is the most important thing for you. You can see mountains as mountains and water as waters.

The most important thing in each stage is different.

The first thing a novice who has just entered the market needs is a stable platform, a correct trading habit and a correct investment philosophy.

Traders who have been fighting in the market for a period of time: seek a stable and profitable technical method. Because they have experienced too much in this process, from ignorance to joy to fear to loneliness, etc. During the period, they have experienced several liquidations, and they all want to find a way to stabilize their trading system and reduce losses to stability.

Traders who survived the storm: bodies and families. In terms of trading, more attention is paid to waiting and execution.

Adequate market awareness, positive trading strategies, strong risk control, strict execution, and a good attitude.

Do foreign exchange investment skills:

I believe that many investors have such a problem: many times the idea is correct, but there are problems in the implementation. Many people are afraid of wolves before and tigers after they are in the process of implementation. Go long because you dare not do it because you are weak; go short because you are afraid of being empty on the floor; neither long nor short, and finally confirm that it is a rebound market. After a rebound, it was swept away, and then the mentality exploded. Next, Tong Jin will talk about how to solve these problems.

1. Navigation depends on the steering wheel, and investment also requires a plan

Before placing an order, it is necessary to make a full and comprehensive assessment of various situations and formulate an investment plan. Bad news cannot be ignored when analyzing bullish factors, and rising threats should also be guarded against when listing bearish signals. Look at chasing soldiers at right angles, and rescue soldiers at wrong times. These must be included in the whole plan. Even how much you will earn in the best case and how much you will lose in the worst case should be calculated in advance. Unless there are major sudden factors in the market before execution, the plan should not be changed easily.

2. Control the opening ratio (position risk control)

For traders who have just entered the market, the proportion of open positions should not be too large, and remember that "living" is always more important than "making money"; only when they have accumulated sufficient trading experience and have a continuous good trading record, then consider gradually expanding Ratio of opening positions. For novices who are new to the market, it is recommended that the proportion of open positions should not exceed that at the same time, according to market trends, it is recommended to adopt "progressive tactics" to open positions in batches to effectively disperse risks.

3. Let the stop loss always be with you and me

You must set a stop loss price for each transaction, and strictly implement it. When the exchange rate moves in a favorable direction for your operation, you can set a trailing stop loss for risk control, but conversely, when the exchange rate moves in a direction that is not conducive to your own position opening, you can Set a stop loss and get out of the position in time, so as to effectively reduce the loss. At the same time, in order to better prevent risks, it is recommended that you use trailing stop loss and stop loss at the same time.

4. Take profit cannot be ignored

Because the floating profit generated by the open position is not a real profit, only the liquidation settlement is the real profit, so on the basis of achieving your investment profit target, it is also very important to set a reasonable stop profit to protect your own profit. Generally speaking, in short-term operation, the stop profit can be relatively small, and in long-term operation, the stop profit can be relatively large.

5. Rational and decisive investment

Psychology In gold trading, a good, rational and decisive psychology is very critical. Five psychological misunderstandings must be overcome: blindness and boldness, greed and fear, urgency and impatience, lack of patience and reluctance to give up everything. By evaluating the priority of various investment opportunities, the size of hot spots, etc., step by step entry and exit, decisive stop loss stop win, and selectively give up small investment opportunities can better grasp larger investments opportunity.

6. Strengthen the study of professional knowledge

Strengthen the study of gold investment professional knowledge, analyze the basic knowledge of gold investment, analyze the characteristics of various economic data and the characteristics of each currency, master the technical knowledge of gold investment and use it to analyze the market, and cultivate keen market insight and forecasting ability, In this way, no matter it is a leap in everyone's professional level or an increase in profitability, it will be beneficial and harmless.

The market is nothing but shocks.

The most important and simplest is light storage and patience. Make light positions and patience so that they can resist shocks of various magnitudes, and making money is nothing more than how fast or slow.

Answered elsewhere, please paste again. The extreme confidence in the trading system has risen to the point of belief. For example, when I first started to learn other people's trading systems, I set a stop loss of 160 dollars each time for an account of 2,000 dollars, forcing myself to operate according to the system. At the beginning, the stop loss was 2 orders I didn’t feel much about it. Later, the retracement reached nearly 65%, and there were more than 700 dollars left in the account. Damn it, my heart broke down, and I yelled, what the hell is this? , anyway, it’s only about 10,000 yuan, if you lose it, you lose it, continue to work, and then make big profits twice in a row, making up for the previous losses, and still have a slight surplus. At this time, confidence comes. , It's really a test, continue to operate according to the system, and finally see a profit of 1,300 US dollars at the end of the year, hehehe, not bad, not bad, delicious. But having said that, I was short of money at the time, so I could persevere. If it was 20,000 dollars, and I lost more than half of it, I would probably give up resistance. You have to understand where the retracement range of the trading system you are using is. My one is to retrace one step and three steps forward in waves, so that the army will be stable during the retracement. I believe it will be the next time or next time. Can win big market. In addition, I have recently fallen in love with stop losses. When I stop losses three times, I am more excited, because the more times I stop losses, the closer I am to big profits when I cooperate with fund management. Of course, this is not a Martin strategy. In a word, the trading system is like a sword, which can be invincible when the human and sword become one.

Behavioral Finance, the Study of Human Nature

Technology and mentality, don't be too greedy, and don't resist orders

peace of mind

It is to have its own trading system, have its own trading plan, and strictly implement it

The understanding of trading is the most important. The deeper the understanding, the more powerful it is. Among the 95% of losers, most people's understanding of trading remains on the surface, and the level of understanding is at most 20%. If you don't believe me, try it out.

test:

1. What is the nature of the transaction?

2. Do you think the price is regular? If so, what is the rule?

As a person with several years of trading experience, I feel that there is no so-called most important thing. Trading is like driving a car on the road! Gas, brakes, steering wheel technique and mentality are a must! A trader who can make stable profits must have the following points: a stable operating system, a good attitude, strict execution, immediate execution when he sees entry and exit signals, and a grasp of his emotions! Don't be impatient when you lose, and don't be smug when you earn! Plus money management! These elements are indispensable!

There are many conditions to do a good job in foreign exchange, but I think the most important thing is control. In foreign exchange, there are many temptations to attract more and less. It is because you have no control that you are deceived. You may have a trading system, but you just see the market at all. I placed an order without carefully analyzing whether it conforms to the trading system; I also looked at the shape of the K-line, and placed an order before the K-line was completed. As a result, the K-line was a positive line just now and suddenly turned into a negative line; greed and fear, or control, I always want to want more, or I am afraid of losing more, why do I like EA so much now, because it has control, and it will never enter the market unless that condition is met, like me, although every time I say no to rebound Callbacks are only trending, but often see callbacks and still want that profit

Go all out, forget food and sleep, and concentrate on being mesmerized!

Mentality, technology is just auxiliary.

Ultimately you have to outdo yourself. This is the hardest part. The country is easy to change, but the nature is difficult to change.