How to do this business well?

This problem can be big or small. After all, doing a good deal is not a simple matter, but a systematic project.

One, from a big perspective, to do a good deal is to do two things to the extreme.

1. Technology

Technology is actually to create a stable and profitable system. This is easy to say, but not so easy to do. It requires you to constantly explore, summarize, and summarize, and then continue to practice, practice, and improve.

And only a small number of people can create this system, do you have the confidence?

2. Mentality

When you build this system, can you just smile?

That's too early. The system will generate a series of trading rules, and you have to constantly discipline yourself to abide by these rules, that is, to abide by trading discipline.

You might think, isn't it just to observe discipline? Isn't that how we have been here since we were young?

Ha, think about it, haven't you made any mistakes? We have many rules, laws and other external factors to supervise us in school and society, and we may not be able to fully abide by them.

In trading, only you supervise yourself (except the team), you are both a participant and a referee, can you be so self-disciplined?

And often, as long as you don't obey the discipline once, you can go on the road of eternal doom...

then what should we do?

In other words, we often say that you should have a good mentality, which requires you to constantly cultivate your own heart, and this is a road that can never be completed in a lifetime...Of course, where there is a will, there is a way:)

Second, from a young age, to do a good job in trading is to make a trading plan every day and strictly implement it.

When you have a mature system, what you have to do every morning is to preview all possible situations in the market, and have plans for various situations, which is what we often call making plans; and then strictly implement them.

At the end of the day, before going to bed at night, you have to modify or re-formulate your trading plan based on the actual market trend of the day.

However, I feel that the meaning of the topic is not all about how to do a good deal, but about choosing a method genre.

For example, the fundamentals, technical aspects, policy aspects, news aspects, capital aspects, group behavior aspects, etc. you mentioned can actually be classified into two schools: fundamentals and technical aspects.

Which of the two factions is better? This debate has been going on for hundreds of years, so there is no need to pursue it anymore. No matter which method you pursue to the extreme, you can still make a profit.

So how should you choose?

Although in the gold foreign exchange market, I am a pure technical school, I don’t look at any fundamental information at all, and I can survive very well; but I have summed up some experience, you can refer to it, mainly depends on which market you are trading in:

1. Stock market

There is no leverage in the stock market (except for capital allocation). Technical aspects are definitely useful, but fundamentals will also affect stock prices. After all, there are economic cycles. When the economy is bad, most stocks will not do well.

However, no matter how bad the economy is, it can't stand the indiscriminate bombardment of the central bank's currency release. Didn't you see that the epidemic in the United States was so severe last year, and the economy fell into a low level, but the Fed gave you a few times, and the stock market continued to rise.

And the prospect of an industry, whether a company's moat is wide or not, and whether the company's management is good will undoubtedly have a great impact on the company's long-term stock price. Therefore, in the long-term, we must consider the fundamentals.

Unless it is short-term, it may be purely technical.

Summary: In the stock market, the combination of fundamentals and technical aspects should be better, each accounting for 50%.

2. Futures market

The futures market has started to have leverage. Once leverage is added, it is necessary to focus on technical aspects; however, the supply and demand relationship of commodity futures still has a great impact on long-term trading. Therefore, the futures market will have a better grasp of the general direction of the market by combining a little fundamentals.

Summary: In the futures market, 75% is technical and 25% is fundamental.

3. Gold foreign exchange margin market

The further expansion of leverage in the gold foreign exchange market is a highly leveraged market, so it is necessary to focus more on technical aspects.

When I first entered the market, I studied the fundamentals every day, but I gradually discovered that the fundamentals are useless at all. When the market comes out, you can explain it in any way that makes sense, but what I said before is better than the probability of flipping a coin. Not much better, so then it went purely technical.

Moreover, I can use my experience of surviving in this market for nearly 10 years to tell you that purely technical aspects of this market can survive very well.

Summary: In the gold foreign exchange margin market, the technical aspects are 100%, and there is no need for fundamental aspects.

(And if you do not use leverage in foreign exchange, it is equivalent to making foreign exchange banknotes, then the technical aspect will be relatively reduced, and it is necessary to study the fundamentals at this time.)