The essential elements of speculative success

Mondo Finance Updated on 2024-02-22

Speculation is to be successful, and at the same time, the trader is required to be lower than the average level in terms of the size of the establishment and the frequency of trading. Excessive trading can lead to increased commissions and losses. Worse still, doing so puts the trader in a completely opposite mental and emotional state that it should be. The right thing to do is to keep a calm attitude when the trend is in their favor, sit firmly in a profitable position, and do not move it lightly. I'm sure it's not right to just look at the length of time to decide how long you want to hold it. As long as the market is in your favor, keep holding it for as long as it lasts. You don't care about anything, let the company, the trading system you use or an objective graphical analysis tell you when the market starts to move against you.

Obviously, as long as you can develop the skills and strategies you need, hold on to the money-making when you encounter a big one, and you have a set of systems or technical methods that can quickly close the money before the loss is out of control, then you don't need to invest a huge amount of money in order to make a big profit at the beginning.

Traders who emphasize accurate entry and exit timing can enter the market with funds as low as 15,000-20,000 yuan at the beginning. With this small amount of entry funds, there is very little room for error. And the market is like a great wealth distributor, it doesn't take into account the size of anyone's money, it only rewards people who are patient, disciplined, and capable; Punish careless, incompetent people. It is possible to generate consistent and substantial profits with a small amount of start-up capital. The financial market is full of true stories of people who started with a small amount of money and made a fortune with wisdom.

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