Can you share your entry experience or trading experience?

Thanks Lu Lu Chloe for the invitation. Entering the industry experience and trading experience, it is very important to have such a learning attitude.

In fact, there is generally nothing to share about the experience of entering the industry. It is nothing more than those types, those who were cheated into it, those who saw other people making money, or those who have done something around them and want to be with them. There are very few people who have a clear purpose and plan to enter currency trading, so people who have just entered currency trading are generally miserable. No matter whether they lose nothing in the future or become a trading master, they almost always start from the bottom of the loss and then start from the top. The same is true for me. At the beginning, I was skeptical about life. I really hope that there will be an explosion of the end of the world. Therefore, there is nothing to share about the experience of entering the industry as a trader, it is just a miserable conference. You can still talk about your trading experience. But I have too many experiences, so I will only talk about one point, which is the most important point in my opinion.

From the first day we started trading, we fantasized about becoming the masters of the trading world, hoping to find a way to maneuver in the trading world. Just like the stock god in the TV series we watch, he accurately judges the future trend of the market by watching the market and some data, and then he is extremely courageous and studs with big money to reach the pinnacle of life. After setting the goal, we started our own research. Some people say that the market is the performance of information. To trade, you must understand the fundamentals, so traders go to various websites to collect trading-related information, such as Reuters, Global Times, and Wall Street Journal. , as well as real-time remarks made by important figures in various countries. Sometimes it is obvious that there is bad news, but the market rises. Someone tells you that the news has been digested by the previous market, but sometimes the information is still a bit accurate, or after the news is released, it rises first and then falls, or falls first and then rises, and the trader is completely lost. , I don’t know how to look at the market based on the news. And sometimes there are always two voices in the market. I don't know which one is more real, and I don't know which one to place an order on. When I placed a long order, I was terrified to hear the bad news, and when I placed a short order, I was terrified to death when I heard the bullish news. I drowned myself in the chaotic and noisy voice of the market.

Some people also say that it is not enough to only understand the fundamentals in trading, and all master traders understand the technical aspects. So traders started the road of technical learning, starting from the most basic bare K, what is the hanging hammer line, named evening star, Sanchuan top, head and shoulders bottom, learned very well, and then found when using these theories to find historical charts, Fuck, this is God's theory, each form really corresponds to the theoretical market, awesome, wealth and freedom are beckoning, and the real offer is starting. But in the middle of the day, it doesn't seem to be very effective. When it forms an evening star, eh? Not reversed? When the market seems to be about to reach the top of the three rivers, hey? Breaking through the neckline and continuing upwards? And what's more terrible is that many patterns in the market don't look as standard as written in the book, to enter or not to enter? Entered, not lost in that form. If you don't enter, you will miss the proper form and lose a lot. Facing the nude K, I started to get confused.

Some people say that this kind of naked K technology in the East is outdated long ago, and the analysis of technical indicators in the West is excellent. How can you make a good deal if you don’t understand technical indicators? So traders began to learn technical indicators again, such as moving average, macd, bolling, rsi, kdj, and many other indicators that have never been heard of. Through learning, I know that the probability can be increased when the moving average resonance is arranged in long positions, the probability can be increased when the macd is golden cross or dead cross, the probability can be increased when the macd deviates, the probability can be increased within the bolling framework, and the probability can be increased when rsi and kdj are overbought or oversold , so the trader builds a rather complicated trading theory. A bunch of indicators on the k-line are almost invisible, and the sub-indicators on the main screen are arranged in three or four rows, because the trader thinks that if one indicator is met, it can be improved a little. probability, so he has been waiting for the perfect entry that meets all the conditions to appear. Many times, two or three of them are met. Should he enter the market? If you don’t enter, it’s a pity if you miss it. If you enter, you lose money. You blame yourself for not being able to wait until all the conditions are met. Finally once, everything is satisfied, all indicators show that it is time to short, the time to reach the pinnacle of life has come, enter the market! Then the market rose, and the mentality exploded directly.

Next, important theories about trading came on the stage. Some people said how can you not understand trading theories when you trade? It seems to start picking a school to learn martial arts. Since you are a studious person, read them all. Dow Theory, ah, trading depends on trends, long-term trends can be grasped, mid-term trends should be careful, and small cycles are irregular. Wave theory, well, there are five forward waves, three forwards and two retreats, and then there is an abc callback wave. I didn't understand Gann's theory. . . Tangling theory, damn it is even more incomprehensible, and it can even be said to be incomplete. It seems that there are quite a few people who use the wave theory. I will do this too, but the number of waves is always incomprehensible. When I think it is three waves, others tell me that it is five waves. When I think it is a main wave , I was told that it was a callback wave. You haven’t earned it all the time, and some people tell you that you didn’t earn it because you didn’t study well enough.

Finally, traders began to think calmly, is the transaction really like the ones mentioned above? Can doing so really judge the next trend? But why has no one told me these things clearly? If anyone can predict the trend of the market? After a long time, I came up with an important trading experience. The market cannot be predicted at all, no matter what method you use, the next market will be one year, one month, one week, one day, one hour, even the next second , no one can know in advance. The unpredictable market is the most useful trading experience I have received so far.

So since the transaction cannot be predicted, how to do it? Purely by gambling? No, the way to make a profit in trading is to build a trading system with positive expected returns. In this system, earnestly implement and rely on the power of time to gain wealth.

Are you satisfied with this answer?

After 11 years in the market, I have experienced a lot!

Just like that song by Li Zongsheng:

Over the hill, only to find no one waiting

Only after crossing the hills do we realize how small we are

I can’t talk about sharing, everyone’s personality is different, so I can only talk about the scenery I saw on this road. If I talk about my experience, then I think the transaction is in progress:

Consistency of transactions is arguably the most important.

It is the kind that regardless of whether the market is turbulent or still like stagnant water, completely abandon the influence of one's own emotions and operate strictly according to the plan.

How can you be as heartless as a rock?

Those who do it should know how to do it, and those who don't do it have only one reason: they don't know what to do.

It is because of no bottom that people are afraid, and because of fear, their operations are deformed, and it is because of their operations that they lose what should be lost, and what should be earned are not earned, and in the end they are still at a loss.

So where does this come from?

My experience is:

There must be a system!

Be sure to do the sample test inside and out!

Be sure to lower your expectations by 70%!

Be sure not to pursue perfection too much!

Before entering the market: test the system repeatedly in various cycles, varieties, and positions, until there is no reason not to enter the market, until you feel that you can accept the result, and arrange the maximum loss limit you can bear.

After entering the market: operate strictly according to the plan, whether you lose money or make money, let nature take its course.

Let nature take its course here is definitely not the kind of Buddhism, the kind of indifference, but the calm face after doing your best.

"Do my best" before entering the market, only then can I "love what I want" after entering the market.

It is this kind of "whatever you want" mentality after entering the market that can ensure the consistency of transactions and "possible" to achieve the results you want.

Believe me, the consistency of trading is not only for you to grit your teeth and cut positions, but also to make you grit your teeth when you are trembling in profit! ! !

I was a janitor making $50/month when I started seeing forex ads everywhere. I had always been interested in trading, but I thought you needed a degree to do it. I kept seeing the ads though, so I decided to click on one. I started learning everything I could about trading, and I taught myself everything from the ground up. I didn't have any money to pay a mentor, so I had to learn everything on my own.

I saved up a couple of dollars and deposited them into a trading account. I made $3,000 on my first day, but I lost it all the next day. I was devastated, but I didn't give up. I spent the next three years trying every strategy known to man, but nothing worked. I was starting to lose hope.

Then, one day, I decided to go back to basics. I developed my own simple strategy that I felt comfortable with. I tried it out for a couple of months, and the setups worked well, but I wasn't making any profits. I realized that it was more than just strategy. I was overtrading and I had no sense of risk management. I didn't know how to manage my trades properly.

Once I fixed these things, everything clicked. I became profitable and I have been ever since. I learned that risk management and trade management are just as important as strategy itself. I'm so glad I didn't give up on trading. It's changed my life.

4 years into the pit. Living in this market, everyone's experience is similar, but everyone's experience or experience is very different.

Now I have only one cognition about the foreign exchange market: the market is nothing but oscillations. Therefore, we also uphold a concept for foreign exchange trading: light positions and patience.

Purely personal experience. I hope that such market cognition and corresponding trading philosophy can enable me to live longer and better in this market.

Trading is not easy.

mutual encouragement!

Let’s talk about someone close to me, the top domestic investors and the oldest group of stockholders.

What I admire the most is that he is a very low-key person, and he attributes his success to the opportunities of the times (these 20 years are the period of the fastest economic growth in China, and the speed of economic development has exceeded most people's expectations. There are many excellent companies), personal luck (fortunately encountered some low-valued, easy-to-understand excellent companies, and have been holding them), and the high volatility of the market (the domestic market is immature and highly volatile, providing More opportunities to buy when undervalued and sell in a bubble, greatly increasing yields).

Of course, the most important thing is to establish a scientific investment system.

Just to share some of his experiences:

1. Adhere to the principle of value. Investment must have faith and confidence, sum up correct experience, let investment enter the circle of conscience, and constantly improve and improve investment ability in success. After a long time, you will realize that it is very simple to make profits in the stock market through the correct investment philosophy. Fortunately, I was exposed to value investing in 2003-2004, embarked on the right path, and improved my ability in an all-round way through learning and thinking. Value investing is not only an investment concept, but also a way of thinking and value orientation;

2. Comprehensive investment in A shares and Hong Kong stocks;

3. When the opportunity comes, dare to invest heavily, and don't let the funds be wasted, with an average position of 130%. Leverage can be used when the stock price of blue-chip companies with good liquidity, good cash flow, and stable dividend payouts is undervalued in a downturn in the market. In principle, the leverage ratio should not exceed 30%. After the market recovers, the leverage ratio will be gradually reduced. When the market is low and the company is undervalued, hold as many shares as possible, and when the market is high, gradually reduce the position.

4. Do not invest if you are not familiar with it. The companies you hold heavily in must be companies within your ability. Don't be affected by the rise and fall of stocks outside the circle of competence.

5. Among them, invest in 3-5 companies, and don't be too scattered.

6. Long-term investment, don't let go of good companies you buy, the average holding of heavy stocks is high for more than 18 months. It is worth mentioning that since 2005, only 12 stocks have been heavily held.

7. Select companies and make investment as simple and easy as possible. Only start with good companies that you are familiar with. The selected companies have the following characteristics: the business model is simple and easy to understand, the company has a leading edge in the industry, the company has excellent management, the price is underestimated at the time of purchase, and most of them have certain growth potential. No matter how good a company is, it needs a reasonable valuation.

8. Rationalize income expectations and form reasonable return expectations. It is usually sufficient to set the expected return at 15%. Multiply the number of shares held by the profit per share as your own profit, and use the received dividends as your own cash flow to form your own profit and cash flow system.

If you want to talk about the experience of entering the industry, would you believe me if I said that I was tricked into it by a friend?

Back then, I was also an honest and responsible person in a professional class. My friend said, come on, do finance with me. There is a lot of money in this industry, and it depends on whether you have the ability to earn it. So I thought, no matter what I do, it’s not bad, what’s the big deal, fuck him!! So I entered this industry that is as deep as the sea.

I have been in this industry for more than ten years, and the journey has been bumpy, bumpy, and bumpy. Fortunately, buddy, I have survived until now.

As for trading experience, from personal experience, the most important thing is not the trading system, but the execution ability.

Of course, some people say trading philosophy, trading risk control and so on. But I personally feel that these things are included in the trading system. To measure the quality of a trading system, that is whether it can make stable profits.

But we must know that no matter how good the trading system is, no matter how bad the trading strategy is, it must be put into the market in the end, otherwise it will be a decoration, which will not produce any economic benefits. As long as your trading system is going to be put into actual market combat, most of the final executors may be humans, and a small number of people will write the mature trading system as EA, perform mechanized operations, and strive to make money like fools.

As long as people are operating, the final decision is execution. My trading experience is whether the execution can be done well.

In many cases, the weakness of human nature will become a fetter in the transaction process, such as people's pursuit of advantages and avoiding disadvantages, such as fear and greed, etc. If the execution is not in place, how to overcome these weaknesses of human nature? How can we implement strict entry and exit rules if we can't customer service the weakness of human nature? Without strict entry and exit rules, how can you make big profits, small losses and stable profits?

For example, after someone makes an order, he sets a stop loss. When the floating loss is about to reach the stop loss position, he always fantasizes that his direction is correct, so he adjusts the stop loss position again and again, and finally reaches nowhere. adjusted. This is a typical manifestation of poor execution. Obviously he was wrong, but he still refused to admit his mistake.

Therefore, in the foreign exchange market, without strict execution, everything is floating clouds.

There is nothing like this. Now it is the sharing economy. Only by sharing and learning from each other can we produce real things and break the original thinking to create new value.

I sum up a few points

1. The money you use for trading must be money that will not have any impact on your life. This is really important. Because some people who enter this market borrow money to reverse the situation, and some come for the mentality of getting rich quickly. This actually involves a mentality, which is the element of gambling, and this element of blocking will aggravate your greed and hatred. Obsession is slow, so a vicious circle is formed. For example, if you trade full-time, your funds are not large, and your living expenses may all depend on trading. At this time, it is difficult to do a good job of trading. This is inevitable, because the reality will force you to gamble. The road, that is, the two inner demons of greed and suspicion are aggravated. I have been in trading for so many years, I have seen some people play with money because they are bored, and they are purely interested in this matter. The money in the transaction has no effect on her. Although she is not skilled, what she does is amazing It is much better than ordinary people. Speaking of this, some people must think, I just want to rely on trading to turn over, no problem, sharpening the knife is not the same as cutting firewood, taking a small amount of money, a sum of money that will definitely not affect your life, let's practice. If the loss is over, reflect on it, give yourself some time, and when you find the problem and know how to solve it, the sum of money will not affect your life. I think, by doing this, you will eventually gain something. If you do this, I think you will come back here after N years and write down your insights.

2. Don't be arrogant. This is a common problem of people, especially those who enter this market. Everyone thinks they are smarter than others. But you have to remember that the only criterion for judging is whether you continue to make profits. My understanding of this cycle is at least two years. Otherwise, you must always remember that what you think is what others think, and you are just one of many losers.

3. Think independently and don't follow what others say. Where there are many people, there must be problems. When everyone is hot-headed and crazy, then stand aside and calm down. Dangerous, dangerous, don't pretend to be smart, think that you can be stronger than these people, and you can retreat unscathed. The same information, different people see different things. Ordinary people look at the conclusion, but the real hunter thinks about the essence, and it is precisely this conclusion that is used.

4. Learn No matter who you are, you are the object of your study. People who lose money always warn you not to be like him, and people who are taller tell you that there is a sky beyond others, and there are people beyond others. You will always be someone else’s food, no need Too many, just one mistake.

Do not waste bullets when making transactions, engage in guerrilla warfare here and there, and concentrate on fighting the war of annihilation on unavoidable large fluctuations.

• experience first
  

Different people have different experiences and different understandings, so they say all kinds of things, but most of them are of no reference significance to those who want to start trading, and when you have your own experience, what you think is a good point of view is nothing but You are trying to validate your own point of view.

• wrong experience

Most of the people who fail in trading are because they overestimate their achievements in other fields. The trading field is a primitive era. Unlike other industries, there are some industry norms, rules and regulations, no process norms, and no indicators. It is basically useless for you to transfer experience from other industries. It's not that you lack experience, but because your experience is like a castle in the air for trading.

What about position management, mentality control, and risk management are all just children's play games. These things are important, not because they are really important, but because these things are allocated for huge funds. In other words , the profit is "huge capital", not "risk control".

• Do not turn to religion even if you are ignorant

Although I don't know anything, I can't tell others what it is, for example, the impossible triangle, for example, what to do within my ability. These things sound very pleasant and satisfy your inner cognition of the world. The question is, why should the world satisfy your cognition, why should it be close to your cognition, and why?

No one is qualified to establish a standard of evaluation, but the standard has been established because no one is qualified to establish a standard of evaluation.

Finally, let’s talk about the key points. You need, and you should, first realize that the trading world is an ancient era, so maybe you still have a chance to see the stars and the sea.

above!

• The market has always been that people who understand make money from people who are confused. In the capital market, winning or losing is the only criterion. Other than that, it's all crap.
  

• Common sense is often synonymous with common fallacies. The market is a hunting game. When you only have a small bow and arrow, you can hunt hares; when you have a dragon-slaying knife, it is of course boring to catch a few snakes for fun. The key is whether you have a Dragon Tuning Knife.

• Any preference in the market is a trap that leads you astray. You must see through them one by one and change your mind in order to survive in the market. Of course, being able to see clearly the market traps around you is only the first step, and a further step is to learn to use market traps to win money. When you want to buy, the short trap is your best opportunity, and when you want to sell, the bull trap is of course your paradise. In this market, there will never be a shortage of people who sell at the lowest point and buy at the highest point. There is nothing in this world that can make everyone win money. Even in a big bull market, many people will suffer heavy losses. And the behavior in the market is like a process of practicing superior martial arts, the ultimate success depends on everyone's wisdom, disposition, talent, and diligence!

• In the market, death is normal and inevitable, and survival must be based on life. The so-called endless life is actually endless death. When you are based on the basis, you are already in death. And life and death have always been modeled by the present, and the capital market is the same. It is just a so-called rational delusion to think that there is no life and death without life and death.

• The hunter only cares about the prey, and the prey is not analyzed. The prey is not what you think, but what you see. Trust your eyes, don't trust your brain, and don't let your mind touch your eyes. The minded eye is full of prejudices, and all prejudices correspond to the bait that leads you to the ultimate trap. The hunter is not afraid of traps, the hunter just watches the prey fall into various traps in different ways but with common results. There is no analysis here, just watching and doing!

• Don't believe in the flickering of the fundamentals, especially for retail investors, the most is tens of millions of dollars. Is it necessary to study the fundamentals? The so-called fundamentals are just an excuse to embolden yourself and fool others. For the fundamentals, you only need to know the fundamentals in other people's minds and the corresponding impact. Don't believe it yourself.

• Don't find any reason for your failure. Failure can only be your own failure. If you fail, you must find a chance to recover, but the premise is that you must find the real reason for the failure. Otherwise, it will just continue with different plots and the same tragedy.

• Trading is the best job in the world, from all latitudes. Making money is easy, very easy, provided that you have a clear mind, a basic idea, a certain amount of capital, and a sense of risk control. But I always see thousands of dollars coming in and wanting to get rich. I can’t say that exaggerated returns can’t be realized. I just want to say that you have the ability to do great things. The ability can be gradually improved, and hard work is meaningless. Therefore, before doing trading work, do something else to prepare your principal and clear mind. Don’t do trading before you are ready. Do it hard. Don’t scold the market if you lose money. The market is fair and straightforward. , stupid people have to pay the price.
  

• Technical analysis is a black hole, including this theory and that theory. Before you have the ability to make stable profits, looking at these things is meaningless. It will only waste a lot of your time and lure you deeper and deeper into the wrong path. In one word, the blind man feels the elephant.

But after you make stable profits, technical analysis and insights into trading psychology can take you to new heights. The K-line is a simplification of the results after the game. If you don’t know the process, just look at the results and analyze them. It’s nonsense, but when you have enough understanding of the process, it’s not nonsense. It’s possible to find the bottom, find out the top, and predict the point. Sometimes, I can even guess who owns the list in the market. So, don't follow the appearance, you will die, don't play tricks if you don't have the ability, but don't scoff at it.

It may not be easy to understand. In fact, many fields are the same. Experience, tools and familiarity with the target make my view and your view essentially different. Superficial learning can only be pretending That's all, especially if you still think you understand, it's better to know what you don't understand.

• Experts will also talk about not stopping losses, but they all have better risk control methods, and even cut off the possibility of losses in some ways at the beginning. I can only say that I didn't learn mathematics well in elementary school for some black stop loss remarks. It is terrible to understand the remarks of some masters out of context, without the ability to distinguish, and even rework them to boast.

• Long-term and short-term, various trading methods, there is no advantage or disadvantage, it only depends on whether you can make money with this method, it depends on your ability and purpose. If you have to say which one is good and which one is bad, the IQ is a bit touching.

• Stable profit is just the beginning, not the end. Whether it is from the transaction itself or outside the transaction.

Let me share with you some of my experience -

1. To be aware of the uncertainty of the trend is the entry into speculative trading. Because at this time, you will really think about how to deal with risks and benefits, otherwise, you will always be studying how to find a magical method.

2. If you want to make a profit in trading, there is only one truth: implement a trading system consistently. Although the answer seems simple, however, it is very difficult, because it means that you resist the temptation in all directions.

3. In the initial stage of trading, you must light up your position. You must understand that you have to pay tuition fees for at least a few years. In fact, I have traded for more than 10 years, and I have seen countless traders. No one can come up and be stable profit.

4. Stop loss is the best way to save tuition fees in the early stage.

5. Another good way to pay less tuition is light positions. Never be arrogant and think that you have mastered the secrets of trading in a short period of time. Never borrow money to trade.

6. The process of trading has only one purpose, to constantly accumulate one's own experience and improve one's cognition. It's all about improving your abilities.

7. You must learn to look at the problem dialectically. After the stop loss, the market has risen again. Is it because the stop loss is not good? Or bad luck?

8. Don't help anyone trade when you haven't made enough money yourself.

9. You must ensure that you have a stable income in the early stage. This income must be non-trading. You must prepare funds to maintain your own life, and then practice trading. Don't be full-time, don't be full-time, don't be full-time.

10. Don't always yearn for a set of perfect standards. The market is characterized by uncertainty. There is no fixed trading method that is the most perfect. The so-called maturity means that you accept imperfections.

11. For all transactions, you should first consider that you can accept the risks behind it. If you feel that your recent transactions make you sleepless, then you may need to reduce your position...

12. The so-called copying, reverse copying, lock-up, liquidation, etc. are all small tricks and cleverness. If you want to make long-term profits in trading, you rely on the big picture and great wisdom. From the avenue to the simplicity.

13. There is a link in trading that no one can avoid. This stage is called continuous loss. When continuous loss occurs, you need to have the firmest belief in your own system. At the same time, you must also understand: if you want to trade To gain a place, you must have the arrogance to firmly believe that you can overcome all difficulties.

①Correct trading is anti-human. Doing the right thing in the market will almost always bring pain. When you choose to stay away from pain, you will inevitably stay away from success. Reflecting on yourself can also bring pain, because it is tantamount to admitting that you have failed in the past, so you will continue to make the same mistakes...

②In the process of trading, you must trade according to your own trading rules. If you encounter continuous setbacks, you should not have any doubts about the effectiveness of the system, and you should be able to unswervingly execute new trading signals.

③There is no perfect trading system in the world, you have to choose between bear's paw and fish. A trading system without failed transactions is unreliable, and a trading system without any noise is also unreliable. Therefore, a successful trader is the one who can be confident in subsequent trading signals after consecutive failures, and execute decisively without missing a big one. quotes people.

④The reason why the trend system is effective for a long time is because it often fails. When the trend trading is in a loss period, it is not easy to think that the system needs to be changed or replaced, and the return of profits is a normal phenomenon, and you must accept it. If you are clever and want to take advantage of the market and avoid losses, or want to close your positions subjectively as soon as possible to lock in profits, you will be punished by the market sooner or later! Mediocre traders use technology to trade, top traders use faith to trade, and they must have piety beyond the world when dealing with transactions.

⑤The road to success is not crowded, because there are not many people who persist.

...

The trading world is close to death, don't do it.

Human nature has to go through the rites of purgatory, and the devastated heart will eventually dry up to understand, inaction.

There is no middle way in a speculative career, either survival or death, why don't you need a kind of strength, pull back!

The market is very simple, but what is complicated is one's own illusions. Happiness and pain, greed and fear exist like shadows. In the world of mortals, it takes a few lifetimes of ups and downs for a person to sort it out—who is in the world?

It turns out that trading is a practice experience!

There are too many things to write about this question. I have been in the market for 12 years. From a 25-year-old ignorant new stock investor to an old stock investor who has been unemployed for 4 years and only has stocks as his hobby.

Two, if you make money in the first round of bull market in your life, don’t increase your position to the point where it is unbearable. I know this is easier said than done. I have seen many people, including myself, make money in the bull market, think that stocks are nothing more than that, turn around and invest years of savings, and finally regret it for life.

Third, it is difficult for people who have not experienced huge losses to imagine a situation that they cannot control. We have seen too many descriptions of risks on the Internet, but I believe that if you have not experienced it, you really can't feel the feeling of jealousy. Believe me, you will experience a complete decline from bull to bear. If you are experiencing this decline with your life savings, then your stock market career may be over.

Four, the above three are all out of survival considerations. Fourth, I want to say that the operating rules of a stock market are still based on survival considerations. The stock market fluctuates up and down like a pendulum. You can imagine that people’s emotions are attached to the stock market, forming a pendulum effect. When it goes up, it will go up all the way. It will not stay in the middle because the middle position is the most reasonable, because the public’s mood is Fermented. Until there is no source of emotion that can be amplified, the pendulum is already at the highest point and starts to move in the opposite direction. The law of the pendulum is that the higher the position, the farther the pendulum will move in the opposite direction.

Fifth, what is the pendulum effect saying? Let me explain here, the essence is to talk about risk, which means not to short when the pendulum is rising. New investors have a characteristic, they enter the bull market, but they are always afraid of making money by themselves. Running out, but if you run out and then enter the next stock, it has the same effect as not running out, both continue to do long in the bull market, there is no difference. Some people say that I earn 3 points for each stock, and another 3 points for another stock. In fact, what is the difference between these two stocks? They are all in the same time and space in the bull market. The new one you bought may be bought by another person who earned 3 points, so there is no difference. Why change it in a few days?

Sixth, it said that when the pendulum is rising, don't go short at will. On the contrary, when the pendulum is falling, don't go long casually. What do you mean, when the sentiment of the market reaches a climax and people are excited, the pendulum will lose its strength and enter a downward process, and the 5000 will fall to 4000, and the emotions will not be released. You can imagine that there are countless people who can't bear the loss and choose to cut their flesh, and then Pushing the downward sentiment, the pendulum will drop to the unthinkable and not stop just because the middle is the most suitable.

Seventh, it is to be continued, and I will write it next time.

• Put risk control and fund management above the entire trading system. The trading system and any transaction must unconditionally obey the arrangement of fund management and risk control.

• Constantly test and validate your ideas and perceptions. It is very powerful when your cognition and ideas are continuously affirmed by practice. Powerful trading beliefs are a key to overcoming execution.

• The cognitive structure and way of thinking should conform to and match the objective trading environment. Your thinking and expectations must conform to the characteristics of the objective market. Too subjective thinking will cause conflicts between people and the market and trigger emotional reactions.

• Fully accept and embrace losses from the bottom of your heart. To understand the fact that losses are inevitable, and no longer avoiding losses is the key to controlling losses. And calm loss control is the first basic skill in trading.

After many years of hard work, I have experienced too many things, and I have too many experiences. Let me choose a few aspects that I feel the most deeply at present to talk to young investors who have just entered the market.

First of all, the stock market does have opportunities. I have made money in every bull market. However, it is difficult in a volatile market and a bear market, and most of the profits will often be vomited to the market. Therefore, the first and deepest feeling is that, as analysts of all ages have said, stock trading is very simple, that is, go long in a bull market, and rest in a bear market and volatile market. Sticking to this principle is the most important thing to make money in the stock market. Don't think that you are very skilled, and you can make money in the market regardless of bulls and bears. No matter how good a person is, it is difficult to make money in a bear market, and he will often be slapped left and right in a volatile market! If investors who have just entered the market can do this, making money will become a high probability event.

Secondly, stock market investment is a matter of extremely low winning rate. Most people lose money sooner or later. It's like competitive sports, there are always only three people in the top three. Everyone else is a foil. Therefore, before deciding to invest in the stock market as a career, you need to think twice: Do you have the potential and advantages to enter the top three? If not, don't expect stock market investing to be a career. At most it can only be used as an amateur investment. Otherwise, your whole life may be a failure, at most you will be a financial migrant worker, and you will hardly have a bright future. If you spent the time and energy spent in the stock market on most other industries in society, you may have become an elite in the industry. This is the truth, don't read it casually!

Finally, briefly talk about the current market. In the current market, if it is not a bear market or a volatile market, it is difficult for ordinary investors to operate. If you want to make money in this kind of market, you need to be a professional investor, an investor who has experienced many battles. Otherwise, it is easy to lose money.

In the end, I once again warn young people to be in awe of the stock market. Don't think that money in the stock market is easy to make. If you are not determined to spend your whole life in the stock market, don't make stock trading your only job. Most people should still do business in a down-to-earth manner. As a professional veteran, I am generally reluctant to talk about stock trading with acquaintances. As the ancients said, I said that it will be a cool autumn!

1. The money used for transactions must be idle money

What is idle cash? That is, money that does not have an impact on living standards.

Here comes the concept of investors' risk preference. We can generally divide investors' attitudes towards risk into three categories:

• risk avoider

This type of people is more willing to "seek stability" and the behavior and attitude they show is that they like lower-risk transactions, naturally reject volatility, are more sensitive to losses, and care more about potential losses and failures, so when trading In the market, you can feel the fear of uncertain trend and the pressure of decision-making.

• risk seeker

The behavior of this type of people is just the opposite of those who avoid them. They are more willing to actively pursue risks, like to look for profit opportunities in turbulent markets, pay more attention to potential profits and opportunities, and pursue extreme profits rather than stable returns. Therefore, their behavior is more inclined to pursue greater returns, and correspondingly, they will also bear greater risks.

• risk neutral

Such people usually do not worry too much about risks, and do not take the initiative to intervene in the turbulent market. Their trading standards tend to be mechanized, and they pursue the expected returns of the system.

In terms of individual understanding of traders, many people ignore the differences between themselves and the outside world. Traders with different personalities have different feelings and understandings of objective risks.

For example, in terms of risk preference, different people face different risk perceptions to make trading decisions. The reason why many novices fail is not because of lack of ability and technology, but because their risk preference tends to be conservative and avoid. In a risky market environment, conservative decisions are frequently made, resulting in missed opportunities. Of course, conservative people are definitely not suitable for high-risk speculative transactions.

From the standpoint of traders, it is natural to benefit from fluctuations. Only high volatility can create price differences and brew potential profit opportunities. Therefore, we should not be afraid of fluctuations and worry too much about potential trading risks.

To sum up, it is important to use money that will not affect your life, such as a small account, throwing away living expenses, even if there is a loss of all the principal after the car and house loan, it will not affect your quality of life. Only spare money can guarantee it. You will not be overly concerned about risks and avoid stress beyond your capacity.

2. Trading is a hobby, a practice

Why do you say that? I found that many novices showed impatience and eagerness in the process of getting started.

When many people enter the market at the beginning, they have a wrong attitude when they read relevant books and industry articles. They do not do it with a learning attitude. What is the learning attitude? It is exploration and seeking knowledge, rather than utilitarian - reading is for practical use, learning a few words can be used to make orders and make money...

It is extremely difficult for this kind of person to understand the benefits of reading, because after he has read two books, he can't wait to use them. Once he finds that what he has learned is not useful, the books become dross and waste in his eyes. time stuff.

Before making up your mind, you need to correct your attitude. The first thing is to recognize yourself, understand that the modern financial system is one of the greatest creations of human society, and then understand how ignorant and insignificant a non-professional novice is in front of the market.

For example, I often meet people who like to ask questions, but don't like to think, and are obsessed with seeking a few secrets from the "teacher" and memorizing a few empty words. It is believed that by absorbing the "essence" of other people's ideas, one can immediately realize the Tao.

There are also people who are impatient and have little knowledge of trading, but they are obsessed with believing in their own feelings and blindly believing in their own judgment. They always think that they can save the learning process and make progress directly in the practice of real trading; but in fact, this idea may be realized. But it is necessary to pay ten times and a hundred times the experience cost of other methods.

Therefore, the attitude of learning should not be seeking money, nor should it be copied for utilitarianism. Trading should be linked to life. For those who are serious about life, they should regard trading as a lifelong hobby or sideline.

It's not that you can't get guidance from learning, but that you need to plan your life, understand the "knowledge needs" of your industry, and only those who can clearly see the application threshold can better apply what they have learned.

And don't pursue huge profits. Social experience tells us that fast money comes quickly, and most of it goes quickly.

Some people believe that the success of trading comes from "a sudden enlightenment", but few people understand that behind the "epiphany" is breaking their own bottleneck, and the premise of breaking the bottleneck is not the empty experience from daily transactions, but the accumulation of knowledge , the sublimation of thought.

For example, people often describe this feeling to me: I want to communicate with others, express my views and understanding of trading, and the psychological experience when I face profit and loss, but when I say it, I obviously think this in my heart. Long-winded and open mouth to say something else, in the end I can only go along with others; I want to discuss the market trend, but I think hard but squeeze out a sentence that is bullish and bearish. I can't talk about profound topics, and I can only attribute it to my own mentality

In this situation, people often think that they are not good at expressing themselves, and they don’t know how to use terminology, but after others mention it, they will feel “that’s what I think, but I don’t know how to use nouns like you.”

In fact, otherwise, the language lacks logic, which is a kind of ideological fuzziness

The so-called practice is to think about the meaning behind it after the daily bits and pieces. Only a thoughtful person can express his thoughts clearly, while those who agree with others are mostly just seeking resonance in their feelings.

Epiphany is based on the sublimation of the abstract cognition of trading in thinking. People without thinking have no accumulation, so it is not possible to talk about "sudden enlightenment".

3. Stay away from the noise of the market

Any trading strategy has a market background suitable for it to play, so don't be overly concerned about local trends, and don't be obsessed with price rises and falls. The only function of excessive staring is to catch your mind and kill your energy , Let patient people become impatient, and rational people become reckless.

Energy management is a very important part. Arrange your time reasonably, try to keep yourself neutral and return to rationality in the face of market fluctuations, and for 90% of people, most of the staring is just looking at the numbers bored Change, if you have this skill, it is better to read a few more books and watch a few good movies.

4. The market will never lack opportunities

There will always be fish in the river, and sooner or later the fruit tree will bear fruit.

Many people are always in the early stage of the trend, greedy too much, afraid of missing the opportunity to make a fortune, as long as they have a short position, they are afraid that they will miss the opportunity to get in the car, but they don't realize one thing, the existence of fish is due to the abundant river water that creates fish The living environment of the colony and the harvest of fruits also benefit from the nutrients absorbed by a big tree year after year. Any evolution does not happen overnight. Huge changes require a process and also need to be brewed.

While paying attention to market opportunities, it is also necessary to understand that opportunities are inseparable from the background and soil of the market. As long as there is this premise, the emergence of trends is an inevitable event, not an independent event.

5. The commonplace anti-human nature

Many people say that trading is against human nature. This sentence has a very high intention, but few people can clearly explain what the word human nature is.

Ordinary people will sum up human nature and understand it as greed, hatred, ignorance, and suspicion. This is the five poisonous minds mentioned by Buddhism. Can ordinary people overcome it? If the five poisonous minds can be eliminated, it is true that there is no need to suffer in the world, but at the same time, this person will no longer have desires and can immediately become a Buddha. Why does he need to realize himself through transactions?

Therefore, human nature is not complicated enough. For most people, it is just a characteristic of seeking benefits and avoiding disadvantages, greedy for pleasure and fear of suffering. There is a concept in psychology called "deferred enjoyment", and some people call it the factor that determines the level of a person's achievements. critical factor.

The British did a sociological experiment, calling a bunch of children to give them candy to eat, but there is a requirement, the children need to make a choice, choose to get a candy immediately, and those who choose to wait can get it in an hour Two candies. Then divide the children with two different choices into two groups, and conduct long-term controlled observation.
The final experimental results show that children who choose to wait patiently and successfully get two candies have significantly higher life achievements than children who choose to take away one candy immediately, because children who wait patiently can delay their own enjoyment and can endure The temptation and desire of candy, pay more attention to the realization of the goal.

What does this have to do with trading? Only those who can defer enjoyment can implement long-term plans, while those who are eager to cash in will always be confused by short-term benefits.

Why are some people able to grasp large-scale trends? And some people clearly saw the market right, but they cashed in their positions early? The answer lies here, the key lies in how to adjust short-term interests and long-term planning.

The market fluctuates every day. Some people are always anxiously looking for opportunities, trying to make some money from the market every day. In the end, they can’t catch big profits, and occasional small profits are not enough to fill the holes of frequent transactions. Even if they are lucky A position was built at the top of the trend, and the position was closed early, and the next transaction was backhanded.

And some people will choose to endure the risk of retracement, even if they don't make any money, it will be nothing after waiting, but they also choose to abide by the established long-term plan.

Therefore, the former is greedy for sesame seeds and loses watermelon, while the latter is for picking up watermelon and giving up sesame seeds. Who takes advantage of the small advantage and suffers the big loss? Who will suffer some small losses and take advantage of it?

Break your comfort zone, throw away the false sense of security, and smash your own conservatism and stability. The so-called anti-human nature is against the way of thinking of ordinary people.

6. Introspect, introspect and ask yourself

Man is a short-term thinking animal, and no matter how profound the experience is, it will become shallow with the passage of time. The human brain has two characteristics in terms of memory:

 1. Too much information cannot be remembered, and the memory will be streamlined.

 2. I like regular and connected memories, and form a connection between memory and cognition.

Review and summary will always be your best teacher

Many people have encountered this kind of situation. A problem that they were not aware of before suddenly had a chance and they understood it very clearly. However, when they faced this problem after a while, they forgot everything and couldn’t figure it out.

Or you obviously have a lot of ideas, but you didn't realize the laws and characteristics of them at the time. After the last moment of insight, you forget them in a moment.

If you want to make progress, you must develop a structured way of thinking, so that it is three-dimensional and logical, and these are inseparable from review and summary. You need to think and record a large number of scattered ideas and ideas just like organizing clothes. Complicated experiences.

Thoughts and feelings are vague understandings of things. In the process of summarizing and recording, they will be reintegrated into written language. It is also a process of refining. Afterwards, these diaries form a whole, which is convenient for re-creation. Know yourself, analyze your own behavioral characteristics, and summarize your own trading logic.

A person who does not resume trading is like a goldfish, living in the current 7 seconds forever. Why do many people always repeat the mistakes they have made? Because he has not broken the vicious circle of recent thinking, the motivation that dominates his behavior often comes from the habits and experiences formed in the past month or two.

7. Position management is extremely important

The harm of a heavy position is not just a failure, and a simple loss is not difficult for many people to accept. No one will make a choice without thinking, and even a quick-witted person can realize the risks involved.

However, only those who make a lot of profits through heavy positions, but finally take profits with them, can feel the danger. For ordinary people, the pain of profit taking is far greater than that of direct losses. The former feeling may be the latter’s 3-5 times.

The root of position imbalance is also here. A heavy position can destroy a person's profit expectation, and a gamble will turn over the position. The position is liquidated, and the full position is gambled with luck to get back the loss. Over time, rational trading becomes a petty profit, and the heavy position becomes the road to riches. In the end, I forgot a very cruel fact. The money of retail investors is always extremely limited in the face of unlimited opportunities in the market. It may take many transactions to make a fortune, but only one failed transaction is enough for liquidation and laundering. Only by being perfect can you not be defeated by the market, and those who have any weaknesses cannot stand the test of time.

8. Be fearful when others are greedy, greedy when others are fearful

Don't pay too much attention to historical trends, and don't be obsessed with the intuitive feelings given to you by the current market.

Return to rationality in fanaticism, and face positively in pessimism.

In an unfavorable environment, considering favorable factors, traders buy now and sell in the future, and profit by making current expectations a reality in the future. However, many people only analyze the past, but do not deduce the future.

9. Smart people are good at low-cost learning

Many people hope to accumulate experience in the real offer and get transformation through experience. It is not that this road is completely unworkable, but that the learning cost invested in this road will be far greater than imagined. I have met many novices. Reckless operation, tens of thousands and hundreds of thousands of losses a week and a month, and finally was bound by the loss, and struggled with the obsession with returning to capital for several years.

What are the low-cost learning paths? It is nothing more than paid training, related books, and course lectures. Many people have a negative attitude towards this, thinking that losses are accidental and lucky, but paying means real expenses. When there is no income, investing Time is also wasted.

At the same time, they also believe that there is no threshold for transactions. With the development of the Internet, all book knowledge can be easily retrieved, but if the threshold for acquiring knowledge is lowered, will the problem be solved?

Many people say that there is nothing new in trading, all the principles are written in books, but they are repeatedly described in various words, but they ignore a very important thing, the acquisition of knowledge cannot be intuitive To generate benefits, the core competitiveness of traders lies in the understanding of knowledge, and understanding can be turned into their own use. The core of finding and solving problems is logical cognition and thinking.

So we will see some very strange phenomena. Many people lose a few months or even a whole year's income at a time. He can take great risks because of greed, but he is unwilling to solve his own problems. In his cognition Among them, the masters are all living Lei Feng, and time is extremely worthless. As long as you open your mouth to ask, the master has to dedicate his life's learning to every detail, and his experience and knowledge cannot produce monetary benefits. Asking for something in return, then he must be a hypocrite. Or someone who lost tens of thousands of dollars but was reluctant to spend hundreds of dollars to buy a professional book. In his understanding, it was just some bad words printed on the paper, so why is it so expensive.

Or someone who lost tens of thousands of dollars but was reluctant to spend hundreds of dollars to buy a professional book. In his understanding, it was just some bad words printed on the paper, so why is it so expensive. . .

Those who don’t want to take the time to learn, would rather stare at the price jumping back and forth on the board, with sore eyes and dizziness, and are unwilling to change a comfortable posture and read related books. If reading a book means saving 10,000 Block losses, I believe most people will not feel boring.

In real life, there are shortcuts in any industry. In the final analysis, it is all about spending a small amount of money to achieve big things.

Self-discipline does not come from willpower, but from the force of habit.

It’s better to make choices that make sense than mindless efforts.

Trading this thing, it’s easy to make a profit, and it’s easy to say a loss. The market is either going up or down, and the probability of going up or down is 50% each. For a certain transaction, a fool or an idiot can enter an order at will , have a 50% profit probability. So if you don't know his level, for a certain transaction alone, if he makes a profit, is it because of his ability? Or a matter of luck?

Due to the probability and randomness of the profit or loss of a certain transaction, if a certain transaction loses money, it may be due to your bad luck, or it may be a problem with your trading system, or it may be just a stop loss that must exist in the normal system, or the mentality Poor, non-implementation of discipline, maybe the external environment, etc., so the factors affecting the profit or loss of a certain transaction are complicated. Before your trading realm has reached a higher stage, you are deep in the "woods". "In the past, it was difficult to summarize clearly, and it was difficult to trace back clearly. As a result, the lessons and experience obtained may not be correct.

Trading is a very complicated subject, and it is not "black and white". The market environment in which each transaction is profitable is different. For most people, the lessons learned on the surface may not be real, core or essential. , For example: several times in a row profit, because there is no stop profit, spit it back. So I summed up the lesson "Don't be too greedy, just withdraw if you make a profit", so you withdraw after a few points of profit. One day after you withdraw, the market has moved forward in the direction you expected, and you could have made a lot of money A sum of money, but only made a few points, so you summed up the lesson "you can't make small money, you have to make big money", so you made it again but didn't leave, and in the end, you vomited back what you made several times in a row, and there was a loss. So you are at a loss, should you leave if you make money, or should you not leave?

Therefore, to understand the philosophy, analysis framework, and logical structure of trading, you need to have a deep understanding of the core nature of trading. You need to look at the essence beyond the appearance. From a high perspective, you will understand that your failure is because of your own operation. The problem is still because of the normal and inevitable stop loss, otherwise you will easily fall into failure-summarize-fall into another kind of failure-resummarize-and then fall into another infinite loop of failure, endless reincarnation, this is The reason why most people are diligent, hardworking, and constantly summarizing, but they also eventually fall into the main reason for failure. To gain clearly, you must also lose clearly. You can't make money in a muddle, and you can't lose in a muddle.

Only relentless persistence in the right direction is meaningful, and you will get twice the result with half the effort; no matter how hard you work and work hard on the wrong path, it will also be a loss, which is less meaningful and will get twice the result with half the effort.

Traders often go back and forth between the peak and hell, and taste bitterness and bitterness ten times more than ordinary people.

Between the ups and downs, the predecessors can often have more insights, and there will be some classic words and sentences. I often have favorites, and today I will share with you:

01 Political Poetry All oaths are lies, but numbers do not lie.

02 Both bulls and bears can make a fortune in the Wall Street stock market, except for the greedy.

03 A fool, regardless of the trend, buys at the opening and sells at the close, the probability of making money is 50%. A smart person who chooses stocks carefully, knows all kinds of skills, sets a stop loss, and is often swept away, may have a winning rate of only 20%. Stop loss is terrible, and fluctuations are often disorderly, which will cause invalid stop loss. Be sure to give enough room for fluctuations.

04 Investing in this game, to put it bluntly, the key to making money in the long run is that no one else has bullets, and you still have a lot of bullets, so you can take advantage of it.

05 Futures trading is a lonely game of personal heroism.

06 Ordinary is often a lifetime, and going to heaven and earth is also a lifetime.

07 I always feel that investment books are definitely not written, but piled up with money in the financial market.

08 I spent the best time of my life exploring the Sphinx mystery of whether there is a way to succeed in financial investment.

09 It is as swift as the wind, as slow as a forest, as plundering as fire, as immovable as a mountain.

10. Trading is about winning, not winning.

11 It is normal for some businesses to close down, some businesses to start new businesses, some stores to close, and some new ones to open.

12. I saw on the Internet that any maze, as long as you walk along a wall with your hand, you will definitely find the exit. Is it the simplest and most effective way to respond to changes in a changing market?

In other words, if you feel that the trend is unpredictable and changeable, then the most effective way is to stick to one direction.

13 Many people do not use their moves badly, but because their moves are too ruthless.

In the final analysis, it is because I want to make money too much. It's not that I don't know how to control risks, but I just want to take a big risk and get the first pot of gold before controlling it. But the consequence of this is that the more I can’t wait, the more I can’t wait, the more anxious I am, the more I want to put all my eggs in one basket, the more desperate I am, the more market is wasted, the more I waste, the more I can’t wait for the market... Formed vicious circle. If it is reversed, it will be a virtuous circle, and the mentality will get better and better. Do it slowly and you will actually earn more.

14 It is a kind of maturity to recognize and accept people who are inconsistent with your own worldview. In the same way, trading is also.

15 To be able to make money is ability and luck, and to be able to spend money is art and realm.

16 The stop loss price should be kept in mind. If it is on the line, it is equivalent to being seen by someone.

17 The essence of sheep shearing will not change, but killing sheep is banned as the highest political dogma in the world!

18 Money is earned by sitting and waiting, not by frequent operations.

Now, I basically have nothing to do in the market, sitting on a chair 2 meters away, watching the disk on a computer, watching the disk on the other computer, waiting for the opportunity to open a position, and waiting for money. (Still using the computer to watch DVDs? It is estimated that this sentence was written at least 10 years ago.)

19 One of the most honest customers, 10 years as a day, opened an account of 30W, every time it is very light and light, and now it is more than 3000W.

Under the big waves, 99% of the futures traders will either be scarred and miserable after ten years, or they will be eliminated by the market N years ago. The philosophy of haste makes waste requires the ultimate wisdom to appreciate its vastness and profoundness!

20 Money can never be earned, but money can be lost.

As an ordinary trader, I can understand the hardships and costs behind each paragraph.

These are epiphanies after several liquidations or tortured by K-lines.

Those who are predestined will gain something, and those who are not predestined can hardly take the step of establishing a big pattern of gambling.

Technology is art, you can get it by studying hard. Comprehension is Tao, a collection of character, talent, and heart.

A man, only after going through vicissitudes, will he understand how important the credibility of life is.

A man, only after experiencing setbacks, will he understand that your efforts may not be worth mentioning in front of other people's talents.

A man, only after going through the world, will he understand what it means to see his nature clearly and become a Buddha suddenly.

A technical master is a soldier, at best a general, while a savvy master is a king or an emperor, and the worst is handsome. For friends who advocate technology, don't get in and get out. It's useless to talk too much, so you can do it yourself.

Trading is a lonely game of personal heroism.

After all, we have to go forward alone, please cherish each other.

What I pursue is that I can wear a pair of slippers and
walk in the sun without worry and restraint.

And you?

1. Trading is also a matter of practice makes perfect, which is similar to most of the skills in our lives. Skills come from familiarity, and cleverness comes first, which is opportunistic.

2. For traders, the meaning of the starting point of the market is greater than that of the end of the market. Don’t analyze and predict how long it will take to where the market will go. These questions are meaningless at all.

3. Focus on the transaction itself and ignore everything else. Trading is a matter of cost and profit, it is not that complicated, there is no unprofitable trading method, only unacceptable transaction costs.

4. Price movement is regular, but it is also random. Only by accepting the randomness in the process of market movement can we capture the regularity in the market.

5. Static prices are the clearest. Reducing intraday transactions is the shortcut to success. The biggest difference between professional traders and business traders is whether time is spent intraday or after hours.

6. If more than half of the reasons for the transactions you have counted in the past ten times are similar, then congratulations, you will succeed if you work harder. If no two times are exactly the same, congratulations, you are sure Stay at the core of the loss and trade randomly.

Well, I don't want to write anymore, I'm really tired.