Is there a need for discussion before making a transaction decision? If so, what should be discussed?

The market is like a battlefield, and trading is like a war. What you want in war is your life, and what you want in business is your wealth. Equally terrible.

There can be no "military democracy" on the battlefield, because the greatest desire of the soldier is to leave the battlefield. As mentioned in "Bright Sword", the character of an army is often consistent with the character of its military commander. Victory is always created by legendary generals, and a well-equipped and well-trained army often leads to failure under the leadership of an idiot.

Therefore, it is impossible for transactions to make decisions through "democratic discussion". A trading team must have a clear division of labor, someone collects and analyzes news, someone is responsible for analyzing charts, someone is responsible for allocating funds, someone is responsible for calculating the risk-reward ratio, and of course someone is responsible for cooking and cleaning. The services of a large number of people, only for core traders to make the most likely correct decisions. Just like on the battlefield, there are scouts, spies, staff officers, and logistics. The commander-in-chief will listen to everyone's reports, but he will never ask them how to act. Once the commander-in-chief asks the staff whether to fight or withdraw, then This army is not far from being wiped out, because the leader has lost his mind.

Regarding the third and fourth points of your question, I can only say that your understanding is somewhat biased. It is not necessary to give a basis for making a decision. If someone says to go short at a certain point, he must have his basis. You only need to agree or disagree. Of course, you also have your basis. If you are using a set of strategies, then your judgment results must be the same, and if there are differences, you need to discuss them. If it is not the same strategy, then you will lose the basis for discussion. In Cantonese, it is "chicken and duck talk about mediocrity", and this kind of discussion is meaningless. Regarding the disclosure of strategies, I would like to advise you that trading is like fighting, and the victorious generals will always rely on conspiracy and grand strategy, which can be publicly published in newspapers for the enemy to read. The so-called "everything can be told to others" . Those self-preserving strategies are essentially no more than conspiracies and tricks. Even if they can make a profit for a while, they cannot last for a long time, so don't worry about it.

My personal habit is not to discuss, and I will not discuss it until my position is closed.

Because of the reasons for placing orders and closing positions, I will have an idea in advance. Maybe there are some details that I haven’t considered, but this is my problem. If you lose, you will lose. I will remember this lesson because of the loss. . If I listen to other people's ideas and this list turns into a profit, I will still lose money in the future, or even more.

It is okay to absorb experience from others, but you must not easily change your position because of other people's words when Shanzi is present. This is also a problem of execution.

Moreover, in this process, you have to consider whether the other person is right, and also think about whether they are lying to you. If the list is wrong, you still have to blame others for not being able to absorb experience, which is a waste of time.

Your third point is that disclosing your own decisions may invalidate your own strategies. What I want to say is that even if I announce my trading decisions and trading methods, others may not necessarily be able to learn and know what is going on. It may not be suitable for him. As for it will affect his trading decisions and make the strategy invalid. If you leave, will it affect the sesame cake in your hand? Isn't the sesame cake in your hand not fragrant? Although it is a bit inappropriate for me to say this, but the meaning is the same. If you share it, you will not be afraid that others will learn it.

Why do you need to discuss with others before placing an order? Sometimes the market has already come here, you can place an order according to your own trading plan, why bother to discuss with others? Do I still have to ask others about my point? Everyone has their own opinion, maybe in someone else's trading system, this point is not a good entry point, so if he says this point is not good, then should I place an order at this point according to my own trading system? Or should I think about it before placing an order? So when the market comes to the entry point determined by your trading system, just place an order, don’t ask others, first of all, when you ask others, it has already indicated that you have no confidence in your trading system ;Secondly, if you ask others, it may interfere with your own transaction in the end.

Thanks for the invitation.

I have always believed that before making a transaction, one must be strategically prepared for the transaction. You have to plan the percentage of investment according to your liking. You need to know what to do, how to do it and when to do it. It's amazing how many traders don't have a written plan. It should be found that those are really effective, which is a prerequisite for trading.

A successful trader is very cautious. That is, step by step before he makes a move. He spends time studying the situation and discussing the possibilities of success. He does not simply make decisions, but writes down specific guidelines for entering and exiting the market. He knows the risks he is taking and when to close a deal. He has his own set of rules, finds the market trend, and points out what kind of trend it is.

A successful trader understands that Wang Po sells melons and sells melons, and he never believes in the old system that claims to have a profit rate of 3000% last year. He went to verify that real-time forward trading produced the stated results: he could not accept the validity of the computer's technical analysis curve.

He realized that any method or system has good and bad, and he must predict future changes in advance, and thus change the trading method. The decline must exceed the historical decline by x%, or the frequency of the trough must be unprecedented, or the loss period must be longer than the previous loss period. A successful trader knows in advance when he will be on the sidelines and when he will resume trading.

If you only trade based on hunches and intuitive judgments, you still need the assistance of some indicators and the environment to see if they are consistent with the last time you entered or exited the market. He would rather believe in his own feelings than those indicators, which is also the importance of independent trading.

Most of the initial stages of individual traders start from executive management. The strategy design is based on "value goals" as the purpose, whether they can grasp a certain market, and whether the rate of return can meet the expectations in their minds. And the disadvantages are also here, because the design and execution are the traders themselves. In the subsequent execution, after the "value target" frequently has problems, if it is a problem in strategy design or execution, self-examination often becomes "hit the right face with the left hand It is difficult for him to make an objective and thorough analysis. The natural self-contradiction of human nature is manifested in transactions.

The advantage of team traders is that there will be an active division of labor internally. Even if it is originally composed of individual traders, they will also play and collaborate in their respective areas of expertise. This basic condition makes the design of trading strategies not only executive management, but also multi-faceted administrative management, such as strategy diversity management, currency diversity management, time market avoidance, holiday market avoidance, etc. The purpose is Denoise the "value target".

But this does not mean that individual traders cannot do good trading. In fact, there are many excellent trading techniques on the market that come from individuals or small teams. However, these traders do not rely solely on a certain part of technology to solve all trading problems.

This is why it is necessary to consider using quantitative transactions. The realization process of quantitative transactions is execution management. But how can a mature trader let the quantitative program run wild by itself? This is the interference of administrative management. When systematically designed to include administrative management and executive management, these concerns can be resolved.

A mature trading system often has a complete strategic framework from the very beginning. The design of the trading environment cannot be idealized. In most market conditions, there must be all kinds of strange information interfering with your strategy, let alone some important news. Just like in the sea, what is considered is the waves and storms, not the peaceful years in the corner of the West Lake. The test of the strategy also comes from fluctuating losses. A one-month retracement is within the system, and a three-month retracement is a low-probability phenomenon in the system. Can a half-year retracement be tolerated? Forbearance, are you going to prepare for a one-year retracement? Can't bear it, how can the system review it? Strategy improvement requires an understanding and timing of the strategy. Any judgment should have a corresponding trading meaning (market meaning and execution purpose). Only with this clear understanding can there be a basis for improvement. 

So back to the question, can strategies be discussed? able! However, the discussion should be in line with the interests of value and the timeliness. In-depth learning and communication between technologies is best carried out between values ​​and interests, otherwise it will easily lead to "peers don't ask questions, face-to-face reprimands are indecent", and more external exchanges are mainly to seek inspiration; There is a short-term worry. If you need to seek help at the moment of decision-making, the real problem is still in the strategy design (administration + execution), so don't put the cart before the horse.

This topic is deeply touching to me as a trader. This is a topic without a standard answer, because in various situations, the experience of each individual trader will be different. There are roughly several situations:

①When you first enter the trading workplace, your confidence in trading profits can be said to be 100%. No novice trader is willing to think that he is worse than others. The stage is often done independently, and will not listen to anyone's advice, what if the dream comes true.

②When you gradually get in touch with trading and gradually lose money, you will have an autistic period. At this stage, most of the novice traders have begun to be eliminated, and the remaining part of the people began to think deeply about their own transactions and review The prototype of one's own trading and trading system is often formed at this stage. The persistence and study during the silent period are only for the moment of outbreak, so there is no need to discuss it.

③When you come back out of the rivers and lakes again, you are no longer an ignorant trader at this time, but you are still not a qualified trader, because there is no test of time, and the trading system will always be a bad system, which can make you earn money It is good to have losses. If you can test your loneliness and patience, you may still make money. Although there are gains and losses, it is because your confidence, patience, and mentality have gradually collapsed during the loss process. At this time, you will find that you will always have negligence in the loss list. There will be places where confidence is lacking, and it is natural to think of referring to the opinions of other traders. Maybe you can make up for your mistakes among similar traders, and discussions with others before making decisions arise from this.

④The results of the discussion are obvious. There are good and bad. The good thing is to increase your confidence. Everyone agrees. At the same time, sometimes you find out what you have neglected and avoid some unnecessary losses. I discussed it with you very early. Mentality is the brain core of trading. If you have a bad mentality, no matter how good the trading list is, you will still lose money, so this is the benefit of discussion. The bad thing is that when everyone agrees, just because your confidence is enhanced, you ignore the importance of risk control. This is also a problem that many traders, including mature traders, can hardly avoid. Risk control is the most important thing. Ignore Once this point is known, liquidation is not far away. How can you not get your shoes wet when you often walk by the river.

⑤ As time goes by, you will actually find that those traders who are willing to discuss are just like you, and they are all the same. Excellent traders don't bother to discuss with you, or they are arrogant. If you can get out of this misunderstanding early and realize this situation, then you will continue to go down, where to go? Of course, it takes time to polish your trading system. I dare not say that your trading system will become better after being polished. Maybe the prototype from the beginning was a mistake, but the truth that you will never know whether it is good or bad if you don’t practice it, I believe everyone knows that Deng Xiaoping said: practice is the only criterion for testing truth.

Therefore, if the final result is a good direction, then there is often no need for discussion, and there will be no topic for today.

unnecessary. If you have to discuss with others when making a transaction, it means that your system is not good enough, at least not confident enough. Four or five years ago, when I was trading in the company, the company later said that it planned to have analysts and traders meet every day, and let the traders follow the analyst's advice to operate. I declined on the spot.

unnecessary.

A mature trading system is obtained through continuous testing and verification.

I think it is better not to discuss before making a decision, as this will affect your own judgment. Because there is no absolute right or wrong in this market. Think about your own trading plan and execute it according to the plan. If losses always occur, it must be caused by poor trading skills, so learn and review trading skills again. If it can be profitable in the long run, then just continue to execute.

It’s not that I haven’t communicated and cooperated with others. I can only say that in most cases, the advantages outweigh the disadvantages. I’m not opposed to teaming up with others to discuss and make deals. It’s really convenient to have one more person, but I didn’t keep communicating with him in the end. In the future, doing business is still due to the issue of interests. Whether you accept other people to trade together depends on the individual, and also depends on whether they are compatible. I neither support nor oppose this. After all, if there are a few people who do transactions, there must be a leading leader, otherwise it will be too easy to collapse and tear each other down, and it will not be good if they lose more. It’s also okay to learn from each other’s strengths. If you meet someone who is better than you, you can learn more and exchange experiences. You can’t keep up with the times if you work behind closed doors.

Speak according to the system, execute according to the rules, there is no need for discussion, you are the role to be distinguished.

It varies from person to person. Orders reflect a person's personality. If you are easily affected, it is better to do it alone. If you are not easy to be affected, you can think more comprehensively through communication.

The reason why we can't succeed in foreign exchange trading is that we are controlled by ourselves, and then controlled by the market without knowing it. When we pursue freedom in foreign exchange trading, we are the least free people. When we abide by certain "commandments", we really cross over. At this time, the net value of the account tells us all the reality about freedom. Our own nature misleads us, the media and the market also mislead us, nature does not allow us to make profits, and the media and the market do not allow us to make profits. This is the "game" laid by nature and the market. There are very few people who can jump out of this trap, and the vast majority of people fall into this net without knowing their
needs

There is basically no need to discuss this with others. Trading this kind of thing itself is remote from the social nature. You can just be responsible for the orders you make. I have always felt that discussing with others or shouting orders to others is a very stressful thing. Shout out It’s okay to make money, but the wrong call made people liquidate their positions, and I felt a lot of pressure in my heart. If it was a friend, the pressure would be even greater. Therefore, when making orders, you should be responsible for your own profits and losses.

Trading decisions are comprehensive issues that require a comprehensive consideration of the trader's personality, trading model, economic level, and market cycle to arrive at an executable trading decision. Of course, such a decision needs to be verified over a period of time before it can play its role in the future market.

It is normal to exchange information and discuss information before placing an order, especially for those who do transactions, but it also depends on the other party. If the other party knows more about investment, they also pay more attention to risk control , then when your own positions are facing floating losses, you can consult others. People tend to be irrational in the face of floating losses, and reminders from others may make investors see the direction clearly and quickly stop losses and leave the market. At the same time, if you are a person who is prone to impulsive orders and heavy positions, then it is best to communicate with some more rational investors, and they will remind us of those neglected risks. If the other party is a boastful person who is not good at making orders and is good at bragging, then it is best not to communicate

In my opinion, trading is my own business, but on the premise that I don’t have a complete trading system, I can listen to those who are better than myself. Of course, it is also important to listen to whom. According to your own operating habits, you can choose to listen to those that are similar to your own ideas and habits. Another point is that many times you will lose money not because your system judgment is incorrect, but because you are too convinced that the market will go the same way as you think, and at the same time give up the risk control you stick to.

No need, you know how big your feet are and how big your shoes are.

No need, discussion will only interfere with your own judgment, affect execution, and form ambivalence. Traders are lonely and should not be influenced by the outside world. Execute your own trading plan and strictly implement it. You will not be far from stable and sustainable profits. independent, self-disciplined