How to judge the real strength of a trader?

We all need to develop an ability to do transactions, that is, how to understand other people's trading patterns through their accounts.

Nowadays, many people use screenshots of their transactions to promote themselves, especially those who have doubled or even doubled their profits in a short period of time, so as to attract us to follow him to make orders. Seeing a large profit makes us very excited , but does this mean that it is really powerful? We need to judge by at least one year's delivery notes, not just a screenshot.

Let me give you a few points of reference.

1. Overnight interest. Let’s first look at whether the amount of overnight interest for traders is large, because most of the transactions are negative overnight interest, although there are positive ones, firstly, there are few varieties, and secondly, the amount is not large, so we will ignore it for the time being. The overnight interest can best reflect his trading level. If there is no overnight interest, or very little, it means that he is likely to be an intraday trader and does not overnight. If the overnight interest is large, even hedging one-fifth of the profit , then he is at the mid-to-long-term level, and there is a high probability that he will at least look at the four-hour chart and hold positions for at least two weeks. There is no distinction between good and bad, first see whether his trading style meets your trading preferences.

2. Stop loss and take profit. I think it is a better state to have a stop loss alone, because the stop loss is the lifeline of an account in the face of extreme market conditions, and it can also verify whether his orders are carried back. Why did I just say the first A little bit about overnight interest, because there is a situation where there is a lot of overnight interest and no stop loss is set. This does not mean that he is a mid-to-long-term trader, but a trader who carries orders to fight back losses. Not advisable! There is generally no mandatory requirement for stop profit, and it depends on personal preference. Some long-term trend traders use trailing stop loss instead of stop profit. Profit is an important item for its reference.

3. Profit and loss distribution. Look at the profit and loss value of each order. Some people have a higher winning rate, and the value of a single profit order is similar to that of a loss order, but there are more profitable orders and a higher winning rate. The amount of profitable orders is large, and can often cover at least five loss orders, which is a high profit-loss ratio. There is no difference between good and bad, high winning rate feedback is fast, high profit and loss is slightly slower than feedback, it depends on personal preference.

4. A very important point, profitable varieties. There are a lot of this kind of explosive profits, and most of the profits come from a certain variety, and what we have to do is to observe whether this variety has a big trend in the recent period or has been fluctuating in high selling and low buying. Market, why do you do this, because this kind of market cannot be copied, and doing well for a period of time does not mean that you can always have such a market to match your method. Let me give you an example, I open ten accounts, and then each account It is a breed, and one of the breeds has a market that is very suitable for my method. I make a lot of money and use it to promote it, while the other 9 account losses are the same. This kind of situation is the most common.

As for the more detailed ones, such as what indicator or form the trader is using, it is necessary to review the delivery order. It will take a little time, but the clues can be seen.

For a good trader, reading trading accounts is a basic skill and one of the necessary skills to be inspired by.

Are you satisfied with this answer?

This seems to be a mistake that newcomers will make, as if they will never grow up without being cheated once. Regarding this behavior, I can only say: Don't trust the so-called "teacher" (no matter where it is), because this industry is special and immature in China, and not many people can take on the role of "teacher". But newcomers do want someone to mentor, which reminds me of these two men...  

OK, back to the question. In fact, it is very well mentioned. Indeed, as long as you can judge the real strength of the "teacher" you fancy, more than half of this problem will be solved. So, my suggestion is: look at his decision-making ability when trading. A good trader must be simple and direct in his trading behavior, and will never be muddled.

The essence of trading is "dealing with uncertainty", and "determination" is needed to deal with uncertainty. Therefore, when you see that a trader needs to conduct a lot of analysis before executing a transaction, draw pictures from the fundamentals and technical aspects, and also examine the current long-short sentiment in the market, you can keep an eye on it. This is not a reasonable decision made after full consideration, but just to help oneself take action. The market is changing rapidly. After you do this series of analysis, the market has already turned.

When I first started trading, I was fortunate enough to visit a master trader. What impressed me the most about his orders was not the overall return, nor his deep insight into trading, but his behavior at that time: he It only took 30 seconds to process an order. I was surprised at the time, he said: a real master trader, the decision-making of a single order will not exceed 10 seconds.

Even now, I can't do the act of cutting positions so quickly. I have come into contact with many traders, and no one can deal with their own loss orders calmly and calmly. Sure enough, after the baptism of the market in the past few years, many people have left, but he is still there and maintains this stable profit.

This action seems simple, but it involves trading system, trading mentality, execution, trading rules and even more. In fact, his rule is to place an order at the closing price. When the trading rules are triggered, he will conduct a unified process before the market closes, exit the market if the conditions are met, and not exit the market if the conditions are not met. There was no so-called procedural software at that time, and he had built his own rules and could run them consistently. More importantly, his execution was so stable without any panic or hesitation. Execution ability and stable trading mentality are exactly what a trading master must possess.

What I said above may be that you have to communicate with the teacher face-to-face to observe. As for the "teachers" you see on the Internet, of course you can't see it, so I said it at the beginning, it is not recommended that you make decisions directly on the Internet. Take someone as a teacher. You must know that if you follow his point, if you don’t start to learn slowly, then you will always have to lose and win with him, and you will have no way to control the trading initiative by yourself, let alone become a teacher. If you really see that his operation (profitability) is very powerful on the Internet, you might as well try to contact him, get in touch with him in private, and experience his order-making process for yourself, so that you can really embark on the road of trading.

How to spot a liar? Everyone has talked about this a lot. Let me talk about how to judge the strength of a trader.

First of all, I divide the traders who come out to save all sentient beings into four stages.

1. Master some basic knowledge, trading methods and professional speaking skills, and be able to speak eloquently, but without a system, you can't do well with your own account or other people's accounts.

2. There is a well-formed signal screening method. Sometimes the winning rate is very high, or the ability to seize big opportunities is strong. Trading by yourself is often happy and often worrying, but sometimes you can make money with clients.

3. There is a trading strategy system that focuses on capital management. From the system, it can be seen that I want to become a professional trader or asset manager. I have good short-term performance, but I can't produce a long-term good-looking account.

4. Have a long-term profitable account, hold millions of soldiers, and have an isolated personality. What I mean by isolation is independent thinking and self-confidence, which gives people a feeling of isolation. This is caused by being too cold at the top.

These four types have their merits, but it depends on how you choose. The threshold is also different.

The first type is mixed in the live broadcast room, groups, circle of friends, many rookie bosses listen to too much and become old fritters, and they can learn some experience and lessons, operation skills, and life philosophy from them.

The second type is usually a rigorous person, a person who scientifically analyzes the market, and can learn from their experience and thinking methods. Lecturers with a high winning rate often appear in some live broadcast rooms, which are rare.

The third type, a little more training, learning their system is very good, the lecturer at this stage will tell the real thing, the premise is to receive enough rice, and your sincerity, to be able to dig out the teacher Real dry goods. Avoid detours for a few years.

Because this kind of teacher's career goal is a professional trader or a trader team, he will also become the fourth type in time. It is also rare. But the most worth learning.

The fourth type usually has a very high threshold and will not come out to be a retail investor. It is not well-known. For example, if you start a cooperation with 1 million US dollars, I will show you the account. It has been profitable for several years. Some companies have principles and are not philistines. Real professional traders who don't understand marketing. If you want to learn his true skills, you must be as devout and filial as an ancient TV drama apprentice. There is also a kind of "dao" person who does business by himself, and you can't find him, and he won't look for you. Knowing him depends on fate.

In the United States and Europe, there are many institutions, funds, and rich people who will hand over some assets to professional institutions for operation. For example, I currently think that the most troublesome is the mathematical algorithm master Simmons of Renaissance Company. The annualized scale of its internal large asset management may have exceeded 100% per year, and it lasts for decades. It is more invincible and low-key than Redario and Buffett. .

So, let me tell you how to judge, and choose to study and cooperate according to your own strength and current situation.

Thank you.

How to judge whether a trader is really good or fake is very simple. Don't listen to what the trader says, whether it is a donkey or a horse, pull it out, pull out his capital curve, and look at his trading account.

Step 1: Look at the maximum backtest and profit.
1. Don't look at how much money a person makes, but look at how much money he lost at the beginning;
2. If an institution or trading team can use 2% backtesting to do client funds, at least it shows One point, they put risk first, followed by benefits.
Step 2: See if the capital curve is rising steadily, that is, whether you are making money every month or even every week.

A perfect curve shows that this account is making money every month or even every week, and the changing market and the fluctuation of traders' mentality cannot prevent the stability of trading results. Explain that this is an ongoing event, not an accident.

The third step is to see how many orders in the bill are heavy positions, how many varieties are traded, how many times are traded, the largest loss order, and the largest profit order.
Generally speaking, within a month, the total position cannot exceed 2 times (principal of 20,000 US dollars). If the position is often heavy, it means that the account is often at high risk, which is difficult to last for N years.
More trading varieties will be more advantageous than less. Why? Because it is difficult for you to guarantee that a certain stock will fall by thousands of points in a minute like crazy. Then your account will be ugly. It will also greatly affect the mentality of the trader, so that he will fail frequently in the future trader.
The more the number of transactions, the more obvious the probability will be. The essence of trading is a probability game. One transaction of 10,000 orders will make a stable profit result, which is far more sustainable than the profit result of a transaction of ten orders.
The order with the largest loss and the order with the largest profit: whether to make a profit or lose a lot of money. Two points are involved: 1. Profit is not obtained by one or two sudden profits; 2. It is difficult for a loss to "return to the pre-liberation overnight".
The fourth step is to take a close look at each order and see how the trader handles when there is a large backtest. Is it a deadly resistance or a proper stop loss? Whether to resist for another day, or for several months. This is different. This is an important indicator to test a trader. A trader is a human being, not a god. He will cry, laugh, be depressed, and conceited. They have everything that ordinary people have, but excellent traders will adjust themselves. When there is a large backtest, you look at the positions held at that time, you think about what the trader is thinking, and you try to get into his mind, and you can gradually understand what it means to be ambitious, stay calm in times of crisis, be open-minded, and have no distractions , Cautious, or proud and complacent, belittling oneself, will be fully reflected in the transaction.

I am also a newcomer. I have been in the QQ group for a while before, and I also think those people are awesome. It seems that the winning rate I observed is not bad. I also want to follow the operation, but I saw a lot of suggestions on Huihu and the Internet. , I also thought about it for a while, this is not a long-term solution after all, I really want to do foreign exchange, I really don’t know a little thing, it’s really not long, and I’m easy to be deceived. So instead of placing your hopes on others, it is better to rely on yourself. But as a layman, how to get started? The following are a few points I saw on the Internet for newcomers to get started in foreign exchange. I would like to share them with you. I hope that there are newcomers like me who can grow on their own. Take your time. It's much cheaper to lose money. (I hope the questioner will not think that I am not answering the question)

Eight points for newcomers to learn foreign exchange, remember and then learn and implement! We encourage each other!

(1) Choose a regular platform

Several major foreign exchange regulatory agencies in the world: NFA in the United States, FCA in the United Kingdom, ASIC in Australia, FMA in New Zealand, and SFC in Hong Kong

If regulators strictly protect investor rankings: NFA>FCA>SFC>ASIC>FMA

The most popular words for investors in the current environment: ASIC>SFC>FMA>NFA>FCA

(2) Choose a favorite product (newcomers recommend pound day gbpjpy) because the base of the yen is low, it is more active, and it is easier to take profit and exit the market! The gold I made with the simulation disk is really exciting, although I prefer gold! But for getting started, in order to save my life and finally make a firm offer, I will definitely choose currency exchange!

(3) Choose a time period of your own (choose a minute chart, an hourly chart, or a four-hour chart according to your personal style). This is chosen according to your personal style. It depends on whether you like the short-term or the medium and long-term. If you like the short-term, you can look at the minute chart and the hourly chart. If you like the medium- and long-term, you can look at the four-hour chart and the daily chart or even a longer cycle.

(4) Choose a technical indicator (moving average, MACD, Bollinger bands) that you think is effective for you in this variety. Some people recommend using moving averages. But I learned MACD first, and the moving average is also learning. Although each indicator has a lag, as newcomers, we can only take it step by step, first give ourselves the basis and confidence to make orders, and then advance one by one.

(5) Start to review the market with technical indicators. While doing this, you can also slowly build your own trading system. Even if you start from the simplest one or two points, it is a process of gradual improvement anyway.

(6) Summarize the effective entry and exit signals of technical indicators! This is very important! Before you sum up the order signal with a winning rate of more than 50%! It is not recommended that you touch the real offer! Be sure to summarize your trading signals! Otherwise, your order will be unplanned and very chaotic! The evolution will eventually become trading for the sake of trading, not trading for profit!

(7) Open firm offer trading, strict signal entry and exit, strict stop loss, and control stop loss within 30 points (if it is a European and American currency pair). Before this point, it is a theoretical operation. The seventh point is the firm offer. Time to hone your mentality. At this time, you will find out why the simulated trading has always been profitable, but when the real trading is changed, it becomes a loss? This is related to your sixth point and your execution ability!

(8) Conduct weekly reviews to summarize trading loopholes. This is really kneeling and persistence. Without reviewing, you will never be able to make progress.

Check out the anti-pit guide I posted. Novices can avoid a lot of detours.

Introduction to financial investment science popularization--the pitfalls I have stepped on in financial investment in those
years
and other infringements; individuals are welcome to forward it to friends and circles of friends. Everyone can discuss and communicate rationally, but irrational behaviors such as keyboard warriors and personal attacks are not welcome.
Preface:
What is the reason for writing this article?
A few days ago, I saw someone posted an article about their own experience in buying US stocks, but it contained some personal experience, but Xiaobai’s experience will kill people. I think it is necessary to write an article to discuss it, and I also want to warn Xiaobai. , If you don't understand it, you will die. Another reason is to write it out, sort out your thoughts over the past few years, and record the process.

What is your current level and how much money have you earned?
My state is that I am still systematically watching and practicing, and I am currently in a state of loss. The financial market cannot make money just by theory. After learning the technology, it needs a lot of market memory and a correct mentality. It depends on the individual's comprehensive ability. Before the ability is not achieved, making money is just luck, and the money earned by luck will eventually be lost by strength.

I think your writing sucks, can I spray you?
I have a non-professional background in systematically studying financial theory, so many terms and opinions may be wrong (but the principles are interoperable). Rational exchanges and discussions are welcome, and mistakes are corrected. Please don’t disturb the trolls, thank you. If you like it, there may be follow-up sharing of knowledge and personal experience in this category, such as how to read candlesticks, how to analyze and trade financial products, financial book recommendations, fund classification and purchase, etc. If you are not interested , or I feel that I don’t have the desire to continue sharing, so I may just end sharing. Of course, if I write so much, it may also cut off some people's money. After all, there are so many scammers and more scams, such as the so-called stock swap, gambling platform, hedging order, high spread and 0 handling fee. A platform with low transaction costs, a talkative analyst who charges tens of thousands of tuition fees for tutorials...

Of course, this article may fail to pass the review, so these problems do not exist. What often appears in film and television dramas is: if you know too much, you get a box lunch. In fact, many inspirations for film and television dramas come from life. The horrors in life are scarier than those in movies, such as the Texas Chainsaw Massacre, 127 Hours, Schindler's List... Sometimes I also think that there may be real cases behind the Boy Pi, and I hope I will not be checked by the water meter.

1. The little thing about stock recommendation:
My actual stock trading experience is close to 0. Back then (not long ago, I checked the records to see that it was 18 years, but I feel that I have experienced centuries in the past two years) listening to others recommending stocks , I didn’t know how to run if I made a little money, so I pretended to be dead when I was caught in the quilt. In the end, the stock became ST and hasn’t come out yet. The other one in the family is even more stupid, he doesn’t even understand the principle of K-line (don’t laugh, there are many people in the market who don’t understand the principle of K-line), so I heard relatives and friends say to buy this or that, run away after earning a little, and die if caught Hold on tight, there is a stock called Xi*stock* that has been held for several years. Fortunately, a wave of bull market just started, and I ran away as soon as it came back. As a result... In short, my stock trading is in the name of investment. The reality of speculation.

2. A Dream of Hang Seng Index Futures:
After the stock market was bad, the teacher Bai*tian (Brother Niu) who recommended stocks at that time said, comrades, let’s change to other trading varieties. The teacher introduced the futures and said that the market is now Well, you can do futures, and you can trade in both long and short directions. Note: Many people are drawn to futures to engage in such a routine. Because I was timid, I didn't follow up at the beginning. After Labor Day, I asked a lot of people in the group, and they all said that I made money, and there might be procrastination.

Insert a small case: Someone entered a recommended stock group with 50 people in it. He thought there would be several trustees in it, but he was deceived and called the police only to find out that the others were trustees except himself.

Brother Niu said that if you want to trade, you need the platform he designated, and you need to deposit at least 5,000. You can only open an account within a week, and you won’t wait until it expires. I still couldn’t resist the temptation and took less than 5,000 US dollars to enter the market to trade HK50 (thinking about taking a gamble). I still remember the platform until now. It is the MT4 platform (fake platform, It is currently closed), of course, I only learned about it later after a comprehensive study. The reasons are as follows: ①The MT4 installation package used has no digital signature at all (the signature is not necessarily true, because it will be fake, even if it is true, the platform will not Might be the deck or have other issues). ②Platform information cannot be found on the corresponding financial supervision platform and the commonly used foreign exchange query platform, or it is found but the deck, or the supervision written by the website itself is not legal supervision at all (the gold trading platform will be used as an example to explain later ). ③The HK50 traded is an index, not an index futures, and many people do not understand the relationship between the two. To give a simple example, on March 22, 2020, the Shanghai and Shenzhen 300 Index is 3653.22, while the corresponding index futures is IF2004 price is 3624.0, and the futures are speculative expectations, that is, they will be delivered on the delivery date, and it is impossible to have one Contracts can always be traded. Moreover, the Hang Seng Index futures are integer points. For example, the current HSI2003 value of the Hang Seng Index futures is 22219, while the Hang Seng Index is 22805.7. The holdings and buying and selling of the Hang Seng Index and the Shanghai and Shenzhen 300 Index are all 0, because they cannot be traded. They are calculated based on the latest prices and weights of constituent stocks, and the market fluctuation time is also corresponding The trading hours of the stock. The index futures IF2004 and HSI2003 are futures, with buying and selling prices, open interest, and 10-level order. The trading time may be the same or longer than that of the index.

Time and fund change journal:

2018-4-27 10:00 Deposit 5000, open 3 lots each time, withdraw 1500 after making a profit on the day

2018-5-04 Make a profit and withdraw 10000 on the day

, there will be losses and profits later, but overall it is a profit Thanks to the small amount, you can see the fund curve in the figure below for details. When the profit increases, the heart becomes wild, from the first 3 hands to 5 hands, 8 hands, 10 hands, and 20 hands. The real turning point came on May 28.

2018-5-28 Opening a 36-hand short position has almost reached the level line in the afternoon of the same day, and it is not a direct opening of 36 hands, it is 12 hands first, after a loss, continue to add 12 hands, and then add 12 more after losing more Hand, before the market closes in the afternoon, it has almost reached the strong level line. At this time, I should have stopped the loss and left the market, but I didn’t. Memorial Day for American soldiers, so the Hang Seng Index did not have a late session. The next day the market gapped and opened higher. Since there was no price in the gap range and it was impossible to trade, the platform directly carried out forced liquidation at the latest price after the gap, resulting in a direct loss of 43,578 US dollars. . The teacher who called the order said that he also had a position, and the position was very large, the loss was serious, and he was in a bad mood. Then he called 2 orders on the 31st, but it was also a loss. The teacher did not bring any more orders, and the group was banned from talking a period of time. Later, the customer service notified the platform to upgrade and asked everyone to withdraw funds. After that, there was no further transaction. The HSI finally added handling fees and overnight fees, and the actual loss was 7,780 US dollars.

There is a saying in Feichi's life that can be described: one operation is as fierce as a tiger, and if you look closely at the stick, no, it should be backwards! At that time, I didn't have a deep feeling: the money earned by luck will eventually be lost by strength. This experience of listening to the teacher call orders did not make me any money, but it made my ambition and desire bigger, and also made me develop many bad habits: carrying orders, holding heavy positions, covering positions, trading without risk control, trusting and shouting Single Get Rich Quick…

Note: Explanation of forced liquidation - futures is a margin mechanism, for example (illustrated with 0 handling fee): Let me talk about stocks first, you have 10,000 yuan, you can buy 10,000 stocks, it is impossible to buy more, if you earn 10%, Then the capital is 10000*(1+10%)=11000 yuan, and if you lose 10%, you will have 10000*(1-10%)=9000 yuan left, and all this money is yours. Futures are leveraged, similar to stock financing. When you have 10,000 yuan, if you have 5 times the leverage, then you get 1+1*5=60,000 yuan in trading funds. If it rises by 10%, then your funds It is 60,000*(1+10%)=66,000 yuan, and you can get 16,000 yuan when you withdraw cash. And if the stock you bought fell by 10%, then you are left with 54,000, and you can only withdraw 4,000 yuan at this time. If the stock you bought fell by 20%, then you owe the distributor 2,000 yuan. This event is called a short position. Of course, for the sake of safety, the allocation party will close the position before your funds reach 0, for example, when you have 2000 left, to protect the allocation funds-forced liquidation. If there is no liquidation, but the funds are not enough to open the position after forced liquidation, it is generally called liquidation, and liquidation is an extreme situation of liquidation. Of course, before reaching the leveling line, there will be an early warning. At this time, you can continue to increase the margin, or close the position by yourself to stop the loss, but I do not recommend this behavior, because when you make a mistake, if you make a margin call, it will be in Throwing money into a burning pile of money in an attempt to put out the fire. If I have a chance in the future, I will explain the risk control methods and principles in a concise and easy-to-understand way.

My Hang Seng Index Trading Fund Curve

Since then, I feel that it is very easy to make money in finance, so I open an account on the L platform in Hong Kong. The minimum lot size is 1 lot each time to trade the HSI. People in the financial industry have not learned much financial knowledge, and the more they trade, the more they lose money. Occasionally, blind cats will be complacent about making a deal with a dead mouse, and they will lose money in the next few orders. At this time, fear arises. Manager Chen, the salesman of the platform, saw my situation, and took the initiative to call me to comfort me and tell me how to trade. At that time, I felt that it was very powerful, and it felt like a window was opened for me, no, it should be a new world! But after I traded, I found that this was not the case at all, and I was not very familiar with the trading software. Sometimes I made a mistake and asked him why he couldn’t close the position. He said it’s okay, the market is just a callback, and he asked me to cover the position. It’s true. . In the end, after I repeatedly made deposits and lost positions, I withdrew the remaining money and stopped trading. I wanted to learn the technology before trading.

Note: After reading what Manager Chen did to me above, you know it. If the salesman greets you, comforts you after you lose money, and asks you to cover your position and call for margin, you must be clear that he is greedy for your body. , oh, accidentally typed a typo, it should be gold. If the salesman takes the initiative to teach you knowledge, or even formally tells you that this is the technique he learned from which teacher spent tens of thousands of dollars, or introduces you to a very powerful call-out teacher, how much money or winning rate can he earn? How high, don't believe it, if there is such a technology and such a teacher, people can make money by trading themselves, why care about your little money? With a daily rate of return of 10%, do you know how much money you can make with 10,000 yuan in one year, that is, 250 trading days? A terrible number that you can't think of: 222 trillion yuan, even if you earn 1% every day, there will be 120,300 yuan in one year. So if you dream of looking for powerful recommended stocks and children with orders, wipe your drool and wake up, stop daydreaming. Of course, some salesmen or analysts will say, you dare not trade by yourself, it’s okay, send me money or tell me your account number and password, and I will help you trade, don’t believe it, he is holding your money Practice the skills he didn't know where he learned or earn commissions by paying fees. The so-called business managers may be people in their 20s who graduated from junior high school recruited online in the same city, and analysts are those over 30 years old who have lost a lot in the stock market and analyze the market for you after learning some technology. Everyone is happy, but thanks to YouTuo to comfort everyone and make excuses for the teacher.

The day-to-day life of a powerful analyst in your eyes is admonished by superiors

3. Little troubles in London gold spot:
After experiencing so much above, I began to doubt whether there is any technology and call-out teacher in the market that can make money stably, but I still have no doubts about bulls. Brother holds great hopes, hoping that one day he can regain his confidence and lead us back to the financial market, because his winning rate of orders in the early stage is as high as 90%. Finally, on June 10, 2018, I got the news from Brother Niu. He informed us in the group that the gold market is very good now, and he will bring everyone into the gold market. Similarly, I was also cautious. I asked a few people in the group a few days later, and they all said that after I made money, I opened an account through *.gold.com Qian*huan* recommended by brother Niu on June 14, 2018 (fake platform , currently closed), the reason is that the so-called supervisory party is the Hong Kong Gold and Silver Trade Association-the industry association, not the government regulatory agency, and there must be other tricks, but I was young at the time, and I didn't study it, and I didn't understand it. Everyone started trading gold, and it didn’t take long before they lost $5,000 to $4,300. The loss is not too much, but it can be regarded as spending money and remembering to buy lessons.

Since gold fluctuates little under non-specific circumstances, and the MT platform can trade 0.01 lot size, everyone trades not much, maybe because the market is not good, or because the trading volume is too small and small, there is not much profit, So the teacher banned the group again and said to rest first.

4. The inevitable tragedy after entering the Hang Seng Index futures again:
On July 25, 2018, Brother Niu informed everyone that he could do the Hang Seng Index again. At this time, I had a lot of skepticism. There are many reasons: ①The platform does not even have a domain name; ②The platform trading software is a copycat The software is not well-known, and after using it, it will conflict with a well-known market software in China, causing the software to report that you have used unauthorized market software; ③The account opening is to fill in a form to collect web pages; ④After opening the account, it is a personal QQ email The email you received will tell you your account number and password. Anyway, it is all kinds of irregularities. I know there are problems with the platform, but I still have the only illusions left, so I opened an account and made a deposit. This time it is no longer about earning more and losing less, but basically earning less and losing more, and I obviously feel that it is a reverse order. For example, when the market pulls back during the upward process, let us go short. There are very few people talking and taking screenshots of transaction records. At this time, I feel that something is wrong, but fantasy, this damn fantasy still makes me continue to follow the order. Finally, after I liquidated my position and lost all my money, the teacher said: The market is not good , everyone stop, I have never seen this person speak again. The group also disbanded after a few days.

5. In the stage of losing direction, misfortunes never come singly:
because the stock market has been falling continuously during that period, and I also swiped my card to invest in P2P and *Xun shopping and wealth management. The warehouse followed a little domestic futures, but the broken house was hit by continuous rain, and the leaked boat was hit by the headwind.

First, the P2P platform exploded, and the principal of 100,000 was in vain. The money was obtained by credit card! Then a certain news was unable to withdraw the money, and it cost tens of thousands.

Then the developer of the check-in platform made money by illegally modifying the background data. My franchise fee and registered company funds were almost 30,000 yuan, all of which were gone. I was also notified by the local police to cooperate with the record. Thankfully I’m lazy and cancer. I haven’t started to promote it yet. I just let myself and my friends test it and check in. Otherwise...

Then after the first time I made 10,000 in reverse trading futures, I continued to trade for the second time after I was big. Fortunately, I didn’t have much capital, and I stopped the loss and left the market in advance at the position I analyzed in advance. I lost more than 20,000 yuan, which means that I lost more than 10,000 yuan in domestic futures reverse trading.

And because of what I experienced before, I couldn't concentrate on my work. The internal staff of a cutting-edge jewelry company was streamlined, and I was killed without accident.

6. Go forward with load and study hard:
In the late stage of the fifth stage, I couldn’t sleep every day (my normal schedule is to go to bed at 23:00 and wake up around 7:40). But I woke up at 2:3:4 in the morning. After waking up, my brain is clear, but I don’t know what to do, and the financial market is not willing to give up, because this is a profiteering industry. When you eat it (her) After the sweetness, it's like trying drugs, and you can't extricate yourself. But my huge losses and my lack of direction led me to live in a muddle every day, so I borrowed a lot of books in the financial industry, such as "Japanese Candlestick Chart Technology", "Memoirs of a Master", "Top Traders on Wall Street"... …I also read a lot of information and articles on the Internet, and then continued to try with my own money, but the results have not been good.

Occasionally one day when I searched, I saw an indicator video tutorial sent by a senior, and then searched for relevant information and watched the video to learn. At first, I was skeptical at first, but as I learned more, I became more and more convinced. . If you want to make money in the financial market, you need technical mentality and executive power. How much money you make depends on the pattern, and technology is the easiest to learn. When I didn’t understand anything at the time, I felt that technology was difficult to learn, and that mentality and execution were easy. After I really learned the technology, I found that the mentality and execution were really too difficult, and after learning the technology, I needed to trade with firm offers. A lot of mentality to watch the market and memorize the market, remember the market that you don't understand, and remember the details of the market that you understand. Each market is different. And I am at this stage now, I believe that if I continue to work hard, success will not be far away.

Postscript: People always follow Naihe. When there is no way to go, they find that everything is wrong; when they reach all directions, they feel that all roads lead to Rome. At present, I have only experienced the first half of the road, but I can’t walk in all directions without walking. It is impossible to go to Rome by walking in place or without direction. I need to walk with preparation and purpose to improve my comprehensive Ability to seize the opportunity when it comes, no chance? Don't worry, when you have the ability, there is no opportunity to find a way to create, even if you don't want to create an opportunity, someone will give it to you!

PS: If you think it’s good, please give it a thumbs up. In the future, I will write a series of financial knowledge and how to trade and analyze it, otherwise this article may become a lonely article.

If a trader can make money, does he still need to find money everywhere?

A trader can't make money, so what's the point of asking customers to change money?

be oneself.

Analyze his delivery order, look at the risk control ability based on the principal, the number of orders placed, the maximum loss and the maximum profit, and judge the operation ability through the profit-loss ratio.

Tens of thousands of dollars, that is retail investors, retail investors should learn to operate on their own, you must know that the backing is overwhelming, and only relying on yourself is the truth. If you have a lot of money, you can find asset management. Although you have to pay, it is much better than operating it yourself.

As a funder, in the face of the trader you want to entrust, can you judge his true level from multiple dimensions? If not, this article is for you~

To understand an industry, it must be a good way to find outstanding people in this industry.

On July 27, professional trader Chen Jin shared such a topic online in the [Professional Player] class organized by Pai Ke:

How to analyze transaction records?

How to judge the real level of a trader?

As the author of the [Strategy Diagnosis] series of articles, the editor also has his own routines for judging traders, but after listening to Mr. Chen's sharing, it is still very rewarding, and at the same time, he has strengthened his confidence in his trading system, which is so practical The dry goods, and the content that a large number of investors and traders need, I think it is better not to hide it, but to share it with you generously.

One hour of voice editing, more text, if you don't have the patience to read carefully, stop here.

At the end, I left a question for you, and the rewards are also very strong, but the rewards are not important. It is the most important thing to help everyone form a certain judgment logic.

Think of that sentence again: You will not make more money than you know.

I hope this article can help you broaden your understanding of trading. I'm not sure if you can make more money, but it will definitely help gold owners and many traders who don't know much about trading and investment.

Oral | Chen Jin

Editing and organizing | Pai class

student question

1. For specific judgment, I think we can look at the transaction records, but how to analyze the transaction records?

2. The data in the MT4 transaction record summary looks perfect, but what about the parameters inside?

3. Why is character the first element in choosing a trader?

4. How to distinguish the true and false levels of trading results with different returns?

The following is Chen Jin's voice sharing in text version, trying to keep the original chatting tone of communication (if you don't like it, you can spray it):

For the entire investment community, including funds, it is very difficult to judge a person's "good". It requires a long period of time, a large number of samples, and also needs to look at the conversion cycle and whether it can follow the market evolution.

And what happened in the past doesn't mean the future.

For example, some managements are relatively tolerant. For some traders, even if they lose money in a year, the premise is that there is no sudden loss, and the loss is organized. You can continue to do it and you can bear it.

If you still lose money in 3 years, you have to change people, or reduce your quota authority, and let those who can do it come up;

If you can’t make money in 5 years (referring to funds, most institutions don’t have a five-year tolerance), there are also many trading companies that won’t give a three-year and five-year assessment period at all.

Because resources are limited, money must be spent wisely.

about character

Some things seem to be important, but I don't know why they are important, such as: character.

The importance of a trader's character is especially reflected when helping others manage money.

For example, some traders don’t treat other people’s money as money. They take the money to gamble, earn a share of the profit, and lose it if they lose.

This lacks the heart of a trustee and is irresponsible. This kind of person can't do big and can't go far. If the trustee has no sense of responsibility, he will not be able to do much or go far.

I suggest that everyone, especially those who want to be professional traders to help people manage money in the future, read Charlie Munger’s speeches by fund managers. I read a few, and they were very shocking.

Our industry (referring to traders) is ultimately about helping customers manage money. To grow big, you must manage external funds. Relying on your own primitive accumulation is too slow. If you help others make money, you can share part of the profits. The more you help others earn, the more profits you will get.

The more value you create for your customers, the more value you gain personally.

Therefore, this is an altruistic industry, and fiduciary responsibility is extremely important. Clients invest in you based on trust. Many investors don’t know how to do it, and they hand over money to you entirely based on trust.

However, there are a lot of people who make a lot of hype in front of investors, and run away without a trace when something happens. I have seen many such people over the years.

About Transaction Reporting Indicators

Regarding the analysis of transaction records, judging from several important indicators in multiple dimensions, the following must be focused on.

Winning ratio (Profit Trades) Profitable order volume/total order volume. In the long run, the winning rate cannot be kept too high. It is very good if it can be kept near 50%. I am talking about the long term. Keeping 90% in a certain month does not mean anything. The time is too short and there is no reference. If you say that you trade 10,000 times Still maintaining a 90% win rate is pure nonsense.

Profit Factor (Profit Factor) is the average profit per order/average loss per order. The higher the profit-loss ratio, the better. We said in class that different strategies have different profit-loss ratio distributions. For example, the profit-loss ratio of short-term traders cannot be high. If the profit-loss ratio of long-term trading is 1:1, it is unqualified. How many trading opportunities will be wasted?

Mathematical expectation (Expected Payoff) The expected payoff of a profitable system must be a positive number, and the larger the number, the better.

Maximum drawdown (Maximal Drawdown) This is a key indicator. The maximum drawdown means that the net value has fallen to the lowest point. If the net value of personal funds has withdrawn by 50%, you have a chance to come back, but if it is a fund, you have no chance to reach 50% % retracement, you have to stop when it reaches 20%. If it falls below the 20% liquidation line, you may be able to come back, but you may also lose more. Therefore, it is extremely important to control the retracement, otherwise investors will withdraw their funds.

Stress test - maximum position (this parameter is not included in the MT4 report) is also mentioned in the class, and this is also the parameter I focus on. The purpose is to see how much volatility can be tolerated, such as how much leverage is used. It is possible to reach 8 times and 10 times in the case of floating profit and increasing positions.

Some people ask him how much the initial leverage is, and he says "not big, 20 times."

"Isn't 20 times too big?"

"It's not big, I think 20 times is very easy, and I can increase it to 50 times when it is high."

There is no way to talk about this, his light position is our heavy position, and his heavy position is what we think of as a suicide attack.

This kind of person has a characteristic. When he is right, he is extremely brilliant. When he is right, the profit is three times or five times, and the profit is calculated according to the multiple. Edited to add that the performance on the curve is like a violently fluctuating electrocardiogram), and there is a high probability that it will not last.

This kind of suicide attack strategy can’t be used for asset management. It can be done with your own money. You can say that you can make a big fortune with a small amount, but if you manage client funds, it is extremely irresponsible.

Share a homemade indicator

I have several indicators designed by myself, such as a scrap order rate.

For example, my rules include short-term, mid-line and long-term. The profit must be greater than 40 points. Profit and loss orders below 10 points are waste orders. A high rate of waste orders indicates that there is a problem with the mentality.

Although many people have trading plans, they do not place orders according to the risk control or the system in operation, which means that there is a problem with the execution, and these situations will increase your transaction fee rate. In the final analysis, there is still a mentality problem.

Therefore, through the basic statistics of transaction records, you can know how your recent transaction status is.

True and False Questions About Earnings

"Telling" is useless. Some traders say they are doing trends, but when they look at the trading records, they are all short-term. What they say is completely different from what they do. And most traders are like this. People have to beautify themselves Propensity.

This situation is very common, but the transaction records speak for themselves.

The analysis of transaction records requires a large enough sample and a long enough time. This is the premise, so that it is more convincing.

I once met someone with a transaction record and asked: How do you see my recent transactions?

In two weeks, I earned 30%, and the winning rate was 100%. If you look carefully, it’s all heavy positions and short positions, and you’re all wrong.

It may be useful to use such records to fool investors who don't understand.

But we are traders, and we must operate transactions from a professional perspective. We spend 20 to 30 years or even a lifetime doing this business, so when you think about it for a long time, it will be different. .

Another example is order swiping. From a short-term perspective, for example, one month may be reasonable. But over time, the lethality is very large. What hurts is the system, and what hurts is the execution ability. It seems that you have made some money in the short term, but you have lost the more important system and trading model.

In my opinion, it is a typical example of picking up sesame seeds and losing watermelon, which is not worth the loss.

In the early stage of the transaction, I couldn’t resist the temptation to brush orders. Everyone will have it, but after thinking about it and understanding it in place, it is not a problem to get rid of this habit.

How to analyze your trading log?

How to analyze the transaction log?

Is the trailing stop loss and position increase mechanism reasonable?

If you want to analyze yourself, you can carefully check your trading records. I used to pull out every single order to look at it, and recorded the reason for entering the market and the thoughts at the time for each order.

Some people may think it doesn't matter at the time, but this thought at the time should also be recorded, reviewed and analyzed.

The growth of a trader needs to reflect and summarize, and then prescribe the right medicine.

If you work hard to make orders every day without any summary, not only will you not grow, but your ability will decline.

Introduce another concept: risk-adjusted return.

Some investors or novices only look at the income and nothing else when looking at the transaction records. This approach is too risky.

But isn’t it true that those with high returns must be better than those with low returns? As a professional trader, you need to figure out how high returns come from and how low returns come from.

To give a simple example, buddy A earns 10%, and buddy B earns 50%. If you look closely, you will find that buddy B has a single leverage of more than 20 times or even 30 times and 50 times, while buddy A is usually 0.5-1 times, and the highest is 1.5 times.

Looking at it this way, buddy A's level is obviously better. The level of risk-adjusted return A is much better. Although the return of buddy B is high, he has taken the risk of a heavy position and liquidation, but he has earned such a small return. His risk-adjusted return is much lower than that of buddy A.

So everyone implanted the concept of "risk-adjusted return" into their brains and implemented it in transactions.

There are two indicators that measure the risk-reward distribution well: Sharpe ratio/Sortino ratio (details can be found on Baidu).

Not to mention the concept of Sharpe ratio, in short, it is how much excess return a portfolio can generate for each unit of risk it bears. The size of the risk plays a fundamental role in the performance of the investment portfolio.

Therefore, when looking at the records, you must look at how the high returns came from. It may be that you have taken a high risk to win this return, but there is also a possibility of liquidation under high risks.

Therefore, high risk does not necessarily mean high return. The distribution of returns under high risk is very wide, and it may be profitable or liquidated.

In the case of low risk, although the income will not be too high, you may lose or make money, but you cannot die. In the face of investors' money, you must be responsible, and it is impossible to use customers' money as cannon fodder.

Key point 1 of transaction records—whether to fill in pits

I am a naturally defensive trader. There is a saying in boxing: greatness depends on offense, and victory depends on defense. Sometimes it's not about who is better, but who makes fewer mistakes.

Some traders may make a profit and explode in a certain year, or they may have a small loss in a certain year, a small loss, a big profit, and a small profit. We can all accept these results.

Only big losses are not advisable. Once there is a big loss pit, you need to spend several times to fill it. This process will wear down your will and wear down your combat effectiveness. The whole process of filling the hole is also a process of exercise, but if you can really fill the hole back slowly, it is indeed extraordinary.

But we still try not to hit the hole, the process of filling the hole is too painful.

Insert a concept "reversion to the mean"

It’s no problem if one year’s performance is outstanding. Take Buffett as an example. In his early years, Mr. Ba also made derivatives, including options, and the rate of return was not bad. Why has the average compound return been 19% over the past few decades? Woolen cloth?

Because the time is long enough, a particularly bright profit and a small loss in a certain year can be evened out, and the weight and contribution will drop a lot.

So there is a saying that in the long run, if you don't lose, you will earn. As long as you keep earning, plus compound interest, the time will be extended, and the result will be very good.

I often say a word: We have seen those who trade fiercely, and we have seen those who live long, but we have never seen one that is both fierce and long-lived.

Going back to the beginning, to judge whether a trader is good or not, sometimes you need to go through a cycle to see whether he is really good or not.

In the big bull market of 2014-2015, it was not the fund managers who made the most money, but those who invested heavily in stocks. This group of people can easily create miracles in this situation, but after a wave of bull market and a wave of bear market, in the end, many people Still at a loss.

It's the same at any time. In a bull market, the most likely to make money is not the fund manager, but ordinary people who are more likely to make a lot of money.

Because it is easier for them to take heavy positions and take more risks. The problem is that you don't know when the turning point will come. If you know when the turning point will come, then everyone can earn high returns.

This way of not controlling the speed of the car is the most prone to accidents. There is no room for error before the accident, and you can play the card table at any time.

On the expressway, driving at 300 mph can certainly reach the destination very quickly, but don’t cause accidents. Once an accident occurs, the car will crash and people will be killed; 80 mph is much slower than 300 mph, but it can be stable, and there will be no accidents for decades. In case of an accident, you have left yourself plenty of room for error, at least not fatal.

There is a saying in the private equity industry that "the champion's curse" means that this year's private equity champion has a high probability of disappearing in the next 3-5 years.

Why?

One of the situations is that this high return was obtained by taking too high risk. The previous big victory eliminated the opponent's market, but his strategy did not change in the face of the changing market, and finally changed from a hunter to a prey.

Not being exposed to high risks before does not mean that they will not be exposed in the future. Once the market starts to riot, it often ends badly.

According to the trading cases we have seen and studied, there is a characteristic: those who are fierce and aggressive mostly do not live long; those who survive for a long time are almost defensive.

Therefore, whether you are an investor or a trader, you don't need to be tempted to see those explosive returns that are several times a few days and a few times a month or two.

Trading and investing is a marathon. How far can you run a marathon at the speed of a 100-meter sprint? Probably less than half out.

Transaction Recording Focus 2 - Persistence

Sustainability depends on how you make money and how you lose money. Long-term players will die if they go to heavy positions and gain short positions; many small victories accumulate into big victories, and this stability is greater than one big victory.

It is difficult for long-term players to distinguish the excess returns brought about by stepping on the big trend once, whether it is luck or ability. At this time, stability is considered, and it is impossible for you to ask him to repeat it again.

However, the number of samples of short-term and mid-term players is large enough. When he enters orders strictly according to the system, the probability of opportunities of the same level will be extremely high in the future. Although big opportunities do not often occur, small opportunities often occur, and the sample size is large enough.

The time span of each strategy is different.

If the number of samples is high enough, it can be seen whether the strategy can continue to catch the trend in the future. Big opportunities are rare, but small opportunities are common.

Aggressive versus defensive

How do you view the risk setting of different funds in different periods?

In the initial stage, it is recommended that young people take the initiative to take risks and embrace risks when they are barefoot.

The biggest risk for ordinary people is not to take risks. If you don’t take risks, the distribution of income for a lifetime will be dead; the distribution of income for taking risks will become wider, which may be better or worse. This needs to be considered. The main contradictions of different stages are different. of.

If you seek stability in an account of several thousand dollars, a 20% annual return will not change you much after ten years, and the stability at this time will not make much sense.

When managing clients’ money, no matter what stage it is, always remember that stability and continuity are the overriding priority, never hit the liquidation line, and ensure that you play at the poker table.

With different money and different periods, the main conflicts you face are different.

For example, if you are old and have certain assets, you don’t need to rush forward like a young person. The need for stable value preservation is greater than the need for rapid asset growth.

Because the difference between gambling and investment is difficult to define, both are based on probability decisions under incomplete information (gambling here refers to professional gambling, not baccarat with negative expected returns, etc.).

Therefore, the nature of different money in different periods is different, and you should strike a balance in the middle.

Finally, share a growing impossible triangle:

scale

Profit speed risk control (stability)

All three cannot be achieved at the same time, maybe occasionally, but not continuously.

The larger the scale, the greater the benefits and the greater the risk.

It is recommended that you make overall plans and make your own system according to your own situation (nature of funds, stage, time, personality, main conflict, etc.).

The very simple and direct method is to directly use the software to pull out his capital curve, starting at least one year, comparing a certain product and the market to see the retracement of his income, combined with the corresponding position control, to see his risk control and Implementation.

There are levels of crushing in transactions, and a high-level trader can easily find out the level of a low-level trader. He does not necessarily know which of them will make it to the end, but he must know which of them will definitely die. How do low-level newcomers judge, is there any entry point?

Speaking of my experience, a mature trader has these three qualities.

One is that he is open, skeptical and accepting of everything. If the market insists on saying that there is nothing that remains the same, it is always changing. Dead silence-external force-condensation-collapse-death silence, and then wait for the next external force, the interpretation of entropy, each time the form of external force is different, the path of cohesion is naturally different, and the way of collapse is also different. Dare to doubt, only good at absorbing can make traders Adjust yourself in a timely and effective manner, keep up with the rhythm of the market, and stick to one kind of thinking. If you are lucky, you will encounter Wanfu Mokai, but if you take this as the truth, your luck will disappear.

The second is that he is simple. Trading is a game of capital chips. All the bells and whistles revolve around them. The level of trading is high or low. The difference lies in the depth of excavation of the market appearance. This depth can be closer to this game. , the higher the probability of his success. And people who have been immersed in this kind of inquisitive thinking for a long time naturally have a clear understanding of superficial things, know what they are doing, and what the consequences of doing so are.

The third is that he is a pessimist. The cruelty of the market naturally benefits the pessimist. The worse the plan is, the more complete the risk control will be. The higher the probability of his survival, the goal is to eat chicken, live The more circles you get, the higher the possibility of eating chicken, of course, in order to live for a long time, of course, you will put your mind on how to effectively avoid wars, and find the right opportunity to make the final decision. Kill 10 people in the first circle, and then die at the edge of the second circle, unless you have a mine at home, just for the pleasure of making money.

above

Thank you for the invitation, there is no solution to this question, let's experience the transaction with our heart!

Learn and accumulate bit by bit in a down-to-earth manner. Wanting to make money with a real master is a fate that most people don't have. You can learn from experienced people. But don't think that you can make money with a certain person with good skills. If the transaction is so simple, then everyone doesn't have to go to work.

Real people don't show their faces, and those who show their faces are not real people.

This is a contradictory logic. If it recognizes a really good teacher or a master, his level is only inferior to that of a master. If he has such a level, he will go back to the teacher to make a list? !

If you are a newcomer, first of all, I suggest that you must not choose a black platform. If you really encounter a black platform, you may only face doom. In front of you, there will be no good results, you must choose a big platform, a regular platform!

Thank you! Regarding the above issues, I personally think that we need to look at them from several aspects!

1. Foreign exchange trading is a high-risk, high-yield industry. So whether you do it by yourself or with others. Risk comes first. Regardless of whether a single person is capable or not, he must bear in mind the risks. So there is only profit in the eyes, and the destruction begins.

2. Whether the person who brought the order has had long-term contact, and how stable is the income. To determine the ability of this person, if the sustained profitability is less than half a year, it is basically useless. The ability to distinguish is best to add him on WeChat and observe her on-site ordering. Remember that there are scammers in foreign exchange, and there are many who want you to deposit money on a certain platform. If you don't know the platform itself. Never deposit money! There are also swindlers who make two-way hedging orders, and then splicing the right direction for customers to see. Earn trust! So the previous transaction list you see in front of you is not necessarily true.

3. In foreign exchange, I personally recommend that small funds compound interest slowly. Of course, the definition of small funds depends on the individual. Remember not to lose like playing cards and want to bet back.

Finally, I need to learn more about observation. The transaction itself is a process of killing one's heart and killing one's experience. Human nature cannot be controlled by itself, and it is the same whether it is solved with or without bills. Because it is not suitable for trading at all. It is the right way to leave foreign exchange trading.

My answer is very straightforward, and it is just my personal opinion: first, stable profitability and the shortest profit cycle, that is, the length of transaction records and whether customers can make monthly profits, weekly profits, or daily profits; second, look at the number of consecutive losses and the winning rate , the number of consecutive losses is more important than the winning rate, less consecutive losses, indicating that the system is stable, on this basis, of course, the higher the winning rate, the better. The most fearful thing is that for a while, the orders are all profitable, and for a while, the orders are continuously losing money, which shows that the system is still unstable.

In fact, I have always despised others telling you how to start learning foreign exchange, how to look at the K-line, what is technical and what is fundamental. I always think that trading is a matter of life and death. Trading is the same as life. It may be smooth sailing for a lifetime, some pitfalls have not been skipped, some hardships have not been experienced, and it will not achieve much results, so I never persuade people to speculate in foreign exchange, and there are no shortcuts or ways to get started quickly!

Thank you for the invitation!

I'm in Xinxiang, I just got off the tractor, so I'll give you a strong answer!

Remember, still water runs deep! Remember, a dog that doesn't bark is the fiercest!

Blah-blah-huh, mouth-opening techniques, and shut-up indicators won't work!

As soon as you open your mouth, it is the trend, the wave band, this is fortune-telling! Many people can understand the general direction, but will your funds bear short-term fluctuations in the end? How many people bought bottoms and liquidated their positions! The general direction is right, but the short-term small sewer is the easiest to capsize and the easiest to test people!

If you want to see how strong he is, just look at his profit and loss in the past month, past two months, past six months, past year, and the volatility can probably be calculated. High school math teaches!

Even if you can't see the account, you can observe it from some small details! The biggest enemy of trading is yourself, this is a psychological game! So see if he has a delicate mind, is he calm, and is he moody!

Also, laymen talk about technology, and experts talk about risk control! Just look at what he talks to you! If you're talking about fortune-telling, bye bye!

All mouths are hooligans!

Don't blame me for killing me with a stick, because I haven't seen any exceptions, and don't think about luck in trading!

A master is most afraid of others saying that he is a master. In this industry, the most taboo is that others say that he is a master or a great god. I don’t know if it is superstition or something that everyone sticks to the rules. What traders are most afraid of is to kill themselves. Buffett is the most annoying Saying that he is a stock god, the old man always felt that he was just doing the right thing at the right time. His mentality is very peaceful, and top traders must have this mentality.

two simple criteria

First, he can tell his profit logic and what market is his market.

Don't worry if you don't understand, the profit logic of a person who has really achieved stable profitability is very simple and easy to understand, just a sentence or two, even a person who has not traded can know what money he makes after listening to it.

If he speaks very mysterious, sounds high-level, with various professional terms and vocabulary, just pass it away.

Real traders are different from those analysts, nothing fancy, simple and straightforward. Analysts who call for orders can't make any market money, only your money.

Second, look at his trading records to confirm what he said about "his market". False transaction records, compared to the first point, will soon be exposed.

The above is a theoretical judgment. In fact, with the conditions of the majority of retail investors, there is no chance to judge a truly capable trader.

Letting people tell his profit logic, this alone will reveal most of his cards, and then show you the transaction records, that is, even the details will be exposed to you. What do you have that he needs to enable him to do this? If he wants funds, he will only go to someone with more money. How does he see small funds of tens of thousands?

First observe the teacher's trading strategy for at least one month, the profit-loss ratio, and the winning rate are all included. In general, you can try it with a small amount of money. It is useless to show the capital curve and profit chart. If it is useful, first peripheral Observation is the most important