As a "trader", what trading discipline do you have to restrain yourself?

[**Cultivate good trading habits**]

one,

Adhere to the four do not open positions.

1. If there is no breakthrough, no position will be opened;

2. Don’t open a position if you don’t see a signal;

3. Do not open a position if the stop loss position cannot be found;

4. Do not open a position if the stop loss is too large.

2. Only do the market that you understand, resolutely do not do what you are not sure about, and adhere to the principle that you would rather not do it than do it wrong.

3. You may only make one or two transactions in a certain day, or even there is no market to do, so you have to wait patiently. The market is waiting for it, not killing it and getting it out.

4. If you make three mistakes in a row on a certain day, then give yourself a holiday and resolutely not make the fourth one. People tend to make mistakes again and again, adding mistakes to mistakes. Today is your mafia day, you are weak and weak when you meet a powerful opponent like the market, you can only obediently give up, you can't afford to provoke, you can always hide, right? Many people have big losses on this day. Think about it, how many of the things people do when they lose their minds don't regret it in the end?

5. If you make a mistake, run away. Once there is a loss, immediately cut the position, and never hesitate to wait. The stop loss position remains unchanged to ensure the smallest loss.

6. Let profits run. If there is a profit, you must hold on to the order and don't rush to take the profit. As the market develops, gradually increase the stop profit level. Of course, don't forget the pyramid encoding method.

7. Don't chase the long when it rises sharply, don't chase the short when it falls sharply, and wait for the withdrawal before intervening. (Breakthrough---Callback---Intervention)

8. Grasp the hot spots and the big market, don't be beard and eyebrows, and focus on less than 4 varieties.

9. Unless the market is clear, never add dead weight.

10. Never let a profitable list turn into a loss.

11. When the trend line is sloping upwards, buy on dips and only do long orders; otherwise, only take short orders.

12. Concentrate on watching the market, cultivate your own sense of the market, never follow others, and believe in your own judgment. Don't be a guerrilla leader, it will only mess up your mentality. When the heart is in chaos, the world is in chaos.

Thirteen, keep vigilant at all times, don't relax your attention to any market, when you feel relieved, that is, when something happens, remember that you don't know that cloud will rain.

no stop loss

Trading discipline is like the rules of a soldier, but restraining trading discipline is more difficult than other restraints.

Because the constraints you need come from within yourself, not from your surroundings, and you have to fight humanity all the time.

The attraction of the market is like a devil, which may nibble at you at any time, so use some methods to restrain your trading discipline.

This can relatively reduce a lot of unknown market risks.

I mentioned the importance of trading discipline earlier, and then I will talk about the methods that can strengthen and restrain one's own trading discipline.

1: Summary of losses

Every loss order needs to be summarized, how to make a loss, and how to avoid this from happening next time.

(Trial and error orders are not necessary, and the orders with big losses must be summarized. In the long run, you will pay more attention to the rigor of your own trading discipline)

Two: Avoid exchanging market opinions with others

Usually, some friends have the habit of exchanging ideas in groups. In the actual battlefield, everyone’s ideas are only based on their own consciousness.

Because no matter what your idea is, only the market is right, and it is true only if you keep making mistakes in the market to learn the experience that is applicable to you, so as not to cause the original learning to be biased by others because of the exchange of market conditions. Causing doubts about one's own trading discipline.

(This paragraph explains: Going to exchange market opinions with others may correct some of your trading shortcomings, but for a long-term trading system, you need to explore the market by yourself, only what you have actually learned, and in the process of subsequent optimization In order to be more savvy, progress will be faster)

Three: divert attention

When I was making an order again, I had serious doubts about this order due to the short-term adjustment of the market. I got rid of this problem later because I was busy with other things.

Later, when I encounter this kind of list and want to change the idea, I usually choose to set a stop profit and loss, and then play games and smoke to pass the time.

Don't let yourself be obsessed with the bad habit of the market, this method of diverting attention can also be a good solution to the situation where trading discipline cannot be strictly enforced.

Finally, I would like to send you a word: Without a rigorous attitude, there will be no smooth transactions.

Readers, if you are interested in my answer, please follow my Huihu account. I will answer some industry-related questions regularly, not seeking the most professional, but seeking the most authentic. ​​​​

1. Follow the trend, don't buy the bottom and don't touch the top!
The best evidence that the market is going to rise is that it is already rising, and the evidence that it is going to fall is that it is already falling, that is to say, the market has already gone out of the trend, and if you enter the market at this time, the chance of profit is even greater!
2. Timing of entry. I don't enter the market randomly, I must wait for myself to confirm that there is an objective analysis for entering the market at this point, and then I will enter the market, although sometimes I also want to enter the market! But at this time, I will read books, watch TV, etc. to dispel my thoughts!
3. Fund management, each time opening a position accounts for no more than 10% of the funds, and the profitable funds will be used as the principal for the next investment. In addition, if I lose two pens a day, I will not trade again.
4. Position management. I usually set the stop profit and stop loss when I enter the market, and then I usually keep an eye on the market too well, and then read the novel, isn’t the novel good?
5. Summary. In fact, when we do transactions, we just want to prove whether the trend will go as we think, or not go as we do, and then we will lose money. Then it is necessary to analyze at this time, or some countermeasures are needed when losses occur. After the transaction is over, it is necessary to analyze what factors are involved.

Rational, calm, introspective.

First of all, we must understand the most basic truth, forcibly restraining, to achieve unrealistic results. It is unrealistic for you to let a person who does not understand the core importance of stop loss only bring stop loss, and expect him to execute consistently. Because he doesn't understand the importance of doing so, in his cognitive system, stop loss is not the perfect choice, if you insist on forcing him to do this, isn't this "harming" him? Especially when you restrain his behavior and bring "bad immediate results", no matter how authoritative you are, you can't restrain him again, because he thinks that the harm he has suffered is greater than your authority, and that From a moment on, the restraint behavior has been invalidated. Forced constraints, fundamentally speaking, do not solve the problem.

What really matters is the trading rules after cognitive upgrade. The core of the so-called trading rules is how to deal with all uncertain K-line trends. A complete set of trading system, integrated to the end, only includes 3 rules: entry rules, exit rules, and fund management rules. When to enter (open and increase positions), when to exit (stop loss and take profit) and how to allocate your risk exposure. These three rules are the embodiment of your top discipline. These three rules compress everything you need to do. For example, someone's self-discipline is to only go long in an uptrend, only go short in a downtrend, only take a stop loss, never go against the trend, and never die and increase positions with floating losses. He wrote these rules on a piece of paper, pasted it in front of the computer, and read and reflected every day. However, these disciplines can be solved in one sentence: stop loss at a loss of 2 ATR. A stop loss of 2 ATRs means that you will only have an order when you have not lost 2 ATRs. In this way, it is impossible for you to hold an empty order in an upward trend. This stop loss It directly ruins your desire to go against the trend, and you can't bear it to death, let alone increase your position with floating losses. At the same time, you will naturally achieve a single stop loss. A simple rule of appearance accommodates countless disciplines that you restrain yourself. When you reach this point, your definition of these rules will not be used to "discipline yourself", you will find that these rules are actually a necessary weapon for your success. They have changed from purely passive defense, restraining the impulsive self, into a weapon for becoming a qualified trader. Advance can be attacked, retreat can be defended, simple, efficient and direct, this is the trading rule.

. Of course, for novices, a process is needed, and this process of establishing discipline is needed, but what I want to tell you is that you have to understand that discipline is just a transition, and what you really need are clear rules. , you can try to rely on this aspect. Having the trading rules and being able to execute them is the real strength to become a master trader. Because this means that you start to have the ability to restrict freedom and control yourself, and trading is like life, only efficient self-discipline can truly bring freedom.

1. Follow the trend: never buy the bottom, never touch the top.

The best evidence that a market is going to go up is that it is already going up; the best evidence that a market is going to go down is that it is already going down.

Only open positions in the direction of the medium-term trend. When the moving average is long, only take long or short positions and wait and see. When the moving average is short, only take short positions or wait and see. The market will never rise to the point where it cannot be bought, nor will it fall to the point where it cannot be sold.

2. Variety: only participate in varieties with large trading volume and good liquidity, and be the strongest when you are long (don’t think that its price has risen very high and choose the one that makes up for the increase) and hold no more than 3 varieties at the same time. Don't have a breed preference, any breed is just a symbol. Profit potential is the only criterion for breed selection.

3. Timing: Only trade in the market that has already started, and wait until the trend appears before entering the market. If the market is not moving for a while, why enter the market? The thing to do now is to do nothing. Why not wait until it's visibly activated before jumping in.

4. Time: Determine the time frame, time determines space, and time generates profit and loss. For any single transaction, the time frame must be unique and cannot be changed throughout the transaction. You can't look at the long and make the short, and you can't do the short-term long-term. (Currently mainly doing 30-minute K-line and daily line)

5. Fund management: (1) The funds for opening a position for the first time shall not exceed 10% of the total funds. It is common to see the market right but fail to make money. One of the reasons is that the position is too heavy, and the pressure in the heart is high. They cannot withstand the slight fluctuation of the market and are washed out. The other reason is that the timing of intervention is not good. (2) After winning all battles in the market (the profit exceeds 50%), withdraw 40% of the profit for emergency needs. If the loss exceeds 5%, the first opening capital will be reduced by half.

6. Stop loss: Set the stop loss point and stop loss amount of funds before each transaction enters the market, and the loss of each transaction shall not exceed 1% of the total amount of funds. Stop loss in time without hesitation; stop loss in space to prevent accidents; stop loss alone is not a fluke.

7. Increase positions: always only increase positions on profitable positions. When increasing the position, it is necessary to find the key point, strictly implement the pyramid-style increase in positions, and a stop loss must be set up for the position increase.

8. Closing positions: (1) Only hold correct positions. Before the market closes every day, all orders that feel suspicious, unconfident, and have floating losses will be cleared. Only hold positions with floating profits. Any position that does not produce the expected change (not proven correct) within the specified time should be out. (A general speculator holds a position not because the price change confirms his transaction, but because the price does not "confirm" his stop loss signal. If there is a loss point, he will still hold the position, and then start to expect the market to go in the direction of their position. Murphy's law tells us that the market will go in the opposite direction most of the time.) (2) Oscillations do not stop, unexpectedly leave the market quickly. (3) Never let the positions you hold turn profit into loss, and move the stop loss point above the breakeven point in time after you have made considerable profits.

9. Physical and mental adjustment:

(1) After losing 2 consecutive orders in a day, the transaction must be suspended, and the transaction plan and execution process must be checked. Trading losses cannot be retaliatory orders, and the next transaction should be at least 1 hour away from the previous loss order. No more than 3 transactions per day.

(2) The funds will be withdrawn by 10%, and a one-week rest will be mandatory. If the loss exceeds 20%, stop trading for one month.

(3) Never make transactions when you are not feeling well, in a bad mood, or when there are other things interfering.

(4) If the profit exceeds 50%, rest for more than 2 weeks.

10. Wait and see, wait and give up: I would rather miss it than make a mistake. Don't do it if the environment is unclear; don't do it if you don't know the market; don't do it if the time is not right. Always only do the most simple and easy-to-understand market transactions. Winning soldiers win first and then seek war, and defeated soldiers first fight and then seek victory. Be invincible first, and wait for the enemy to be victorious.

It is enough to predict the market psychologically, but you must not act rashly and wait until you get a signal from the market that confirms that your judgment is correct. Only then can you use your money to trade. Good speculators are always waiting, always patient, waiting for the market to confirm their judgment. Remember, don't trust your judgment completely until the performance of the market itself confirms your opinion.

Stop loss is a must be followed, unless you have enough funds and enough time.

When the market comes, I can hold my urine🙄

First of all, your income expectations should not be too high. Don’t think about getting rich overnight. But I haven’t seen anyone who has been able to make huge profits and survive. Basically, they all went back and ended up with a liquidation. There is almost no risk in a return of less than 30% a year. Any higher requires a bit of luck.

Secondly, the capital must be large. A standard account of 50,000 US dollars is the minimum capital requirement for stable profits. I often see people say that 10,000 US dollars is a so-called large account. In fact, 10,000 US dollars is very easy to lose, and a little retracement will make the operation even more difficult.

Furthermore, you must be prepared to make money in the long-term, because no one can always be profitable, and there will always be a loss for a period of time. Because the market does not run according to your trading system. So don't set yourself a trap, you have to make a lot of money every day and every month, and the income should be calculated on an annual basis.

There is also the most important risk control. The only rule to do this well is light positions, and light positions are king. The number of operating lots corresponding to an account of 50,000 US dollars is 1 lot, and you can use this standard as a reference for your own fund operations. You may not be able to make a lot of money with a light warehouse, but the most important thing is that you can't lose a lot of money. This is also the key to stable profitability.

Summary: 1. The expected annualized return is within 30%

2. Large funds, at least 50,000 US dollars or more

3. Long-term, ultimately profitable, take time to digest risks

4. Risk control, light storage is the only criterion.

I can write a trading diary, basically two articles a week, and then double it from time to time, to see if there are any mistakes in my previous transactions, why I made profits and why I lost money, the reason for my profits and losses is my greed Even if you observe the changes in the market and fail to observe the required data, summarize the main reasons for your failure, and then make a rough table and paste it on the desktop. Look at it every time you trade, and reduce the risk of failure. The probability of making the same mistake repeatedly can be regarded as urging yourself to not be careless for a moment in the trading market. Sometimes a small data that may be inadvertently may be the direction of the market.

Small funds open and close positions according to the signal to open and close positions according to the expected profit system, practice repeatedly for 3 months, form a conditioned reflex, persist for another 3 years, and finally form beliefs, and then refine or improve on the basis of the original system

Obeying the rules and obeying the rules are the basic rules of survival in this society. It is also a common feature of successful people in all walks of life. A trader is to abide by the correct trading rules, adhere to the rules of risk management, and follow the favorable trend of probability to achieve dreams and achieve value.

Article 1: Never cover your position on the wrong order. This behavior is worse than stop loss.

The second rule: the trading rule on the right side, you must wait until the K-line at the current level is completed and a trading signal appears before you can enter the market. It is better to wait than to carry it.

Article 3: Even if you leave the market, you must leave when the standard of stop loss or profit is reached, and do not imagine any subsequent market development.

The last one: Never fantasize about getting rich overnight or putting all your eggs in one basket.

stop loss!

This is the first discipline and the lifeline. If you want to survive in this market, you must set a stop loss line and firmly implement this discipline.

Stop loss is as common as eating and sleeping, don't be afraid of it, accept it, embrace it, and be grateful for it!

In addition, to borrow a passage from Mr. Guo on the Huihu platform, stop loss is always right, and wrong is also right; dead carrying is always wrong, right is also wrong. Hengpi: Stop loss is unconditional!

When placing an order, you must stay awake at all times. If you are not awake, strictly require yourself to sleep. Never make an order. If you are really sleepy, you can go to sleep. You must not make trouble with your body mechanism, and you must use your full strength Doing orders in a mental state, any hand or any transaction may make you profit or loss, so keep improving your winning rate!

Trade according to your own trading system, only do what you are sure about, do not enter the market without a clear signal and do not understand the trend, stop loss must be the most important step, resolutely do not do it when the market fluctuates, and trade about 2-3 times a week One time is enough. I don’t know how to hold positions for a long time. Regardless of profit or loss, I have to do a review. After finishing my own work, life is more important!

Run away when you earn enough

Only do 3-4 orders per week, and resolutely don’t do the market that is not sure, and don’t be jealous of other people’s profits, because I know that this part is not your profit, and you will return it to the market sooner or later. It’s just a matter of time. Human nature, we must recognize this point.