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I have been in business for five years.
Almost without sleep for two years, lingering with the ups and downs of the exchange rate every day and unable to extricate myself, there have been more than a dozen times of liquidation, and a lot of money has been lost! I am obsessed with various technical analysis and attention to news every day!
When I broke my position for the last time, I suddenly thought that I should open the historical chart and re-examine the trend market. Where is my problem?
I have asked myself many times, is it really so difficult to speculate on the market?
I also strictly stop the loss, I also take advantage of the trend with light positions, and I have also done a few beautiful transactions, why did I still liquidate my positions in the end! I stopped injecting funds again, and started browsing trading websites to find the true meaning and essence of trading! After a lot of articles from my predecessors, my mentality gradually calmed down! So, I began to seriously analyze each of my transactions to find out where I went wrong! The trading model is complicated and chaotic, without my own things, I don't have a deep understanding of the market, and I try to find out the bottom line against the market, trade frequently, occasionally take heavy positions, and close them before they are completed in time!
After finding out my own shortcomings, I redesigned the trading system and trading rules. I decided to give up all the indicators and simply start with the price characteristics to discover trading patterns.
I found that during the daily ups and downs of the exchange rate, whether the intraday market, no matter whether it follows the trend or not, there is at least a small trend of 30 to 50 points per day, which is always wandering up and down in key positions, and the characteristics are easy to identify! Designed a trading system that goes with the flow.
I regard the daily market as a shock, the exchange rate is like water, the key support and resistance is this channel of flowing water, if the water flow is fast and the channel is very thin, the exchange rate will break through the channel and look for a bigger and stronger channel, if the channel It is relatively reliable, and the exchange rate will rebound and run in the opposite direction! What I have to do is to test to find the water channel, then test the reliability of the water channel, wait patiently for the water to arrive, and either break through with the trend, or fall back when encountering resistance.
The location of the canal is my order point! From the start of the short-term trend to its formation to decay, the most powerful one is only 30 to 50 points. Well, I have my goal! 30 points per day, no matter how big it is later The trend has nothing to do with me! So, there are trading rules:
1. The daily target is fixed at 30 points, with a minimum of 20 points for each transaction, and two consecutive profits will be closed on the same day
2. The stop loss target is fixed at 20 points, stop loss for two orders in a row, and rest on the same day
3. The position is controlled at 5% of the total capital of each transaction
4. Strictly follow the trading system to find fighters
Copyright reserved to the author
Last updated: 08/20/2023 08:35
First of all, I think this is not a strategy but a trading method. Everyone will form their own things in the transaction. Trading methods, analysis methods, and self-positioning are slowly taking shape, so there is actually no standard answer to this question.
If you want to make a profit in the transaction, it is the right way to make as much money as possible when you can understand the market when there is a market, and to control the risk as much as possible when there is no market or when it is difficult to control. During the transaction, we can Simply divided into these two cases. However, it is against human nature to bear the fluctuations of uncertainty and keep calm, so not many people do it. Most people panic, fear, hesitate, question, and finally act. There are not many people who can really hold the list and make profits.
In trading, only by standing on the side of the trend can you really make a profit. Following the trend is not empty talk, and few people really understand this. Some people will never settle down easily when they are right. They would rather endure a large retracement than try to hold on to a wave of market prices. Therefore, what is needed to implement this approach is rules, and there is no such thing as a circle without rules. The so-called rules are that after countless transactions, you have found a way to enter and exit the market that suits you best. Including undertaking the retracement, and choosing to stay on the sidelines when the retracement is too much, how to deal with it if the market starts again, etc., instead of being anxious when the market changes.
Copyright reserved to the author
Last updated: 08/21/2023 16:39
Persistence comes from trust, and trust comes from foundation.
A strategy and method, from principle to usage to application, is clear, and we know where our bottom line of risk is, and use this to formulate our strategy. In this way, we know why we make every order, why we make money, and why we lose money. This will at least make it easier for people to persist.
Persistence is not something that happens at the beginning, but a result of natural selection over time. No one can persist all the time, but in the end they find that the result may not be better. Not to mention, it will make people’s psychological fluctuations greater, which is not worth the loss. Therefore, it is not that they persist all the time, but the final result tells them that they must persist. Let them live and live clearly.
The key to trading is to carry out your own pre-planning in a planned way, deal with all situations that arise calmly and calmly, and try to control all possible results within the scope of your own pre-control; remember to be led by the nose by the disk Go, don't know what to say. Really do it: no matter the wind and waves, it is better than strolling in the courtyard. Always make a deal that is determined and then act, do not place orders randomly, do not do unplanned things, and would rather miss it than make mistakes. Really do not make orders without prior planning, and don't do it.
The market tells us the irrefutable truth with the most unpretentious reality: the eternal law of the investment market is the law that 80% of people lose money. It is impossible for anyone to change the natural law of the investment world, because this is the eternal iron law of the investment world. law! It's not that this mysterious industry is as difficult as the legend, but because most of us have an irresistible nature-skepticism, lack of persistence, frequent repetition of mistakes. It is this fatal nature that ultimately leads to the failure of our investments. Adhering to principles is precisely the most important part of trading.
The trading process must be personally experienced. The trading process and feelings cannot be replaced by others. If you want to take shortcuts, be unrealistic, or want to make a fortune, you will stumble hard. Want to make a short-term stable profit with the guidance of an expert? Idiots talk about dreams. Trading is more like going through a maze. Every time it seems complicated, there is a road to the end. The key to reaching the end is persistence, and it may be one step away. Through long-term transactions, everyone also has their own trading principles and risk control rules. Many people have been in the stage of making profits and losses, and most of the reasons for making profits and losses are that they cannot stick to their principles and repeat mistakes frequently.
Stick to your principles, stick to your beliefs, stick to your system, stick to your thinking, stick to your strengths, stick to your bottom line, stick to your attempts, stick to your risk control, stick to your self-confidence, stick to a good state, stick to daily summaries, keep learning
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Last updated: 08/12/2023 19:40