The wonderful thing about investing is that it not only makes you win well, but it can also make you lose well. In short, once you enter the ** investment industry, once you take ** speculators as your company, you are destined to have a dull life.
As the old saying goes, "Men are afraid of choosing the wrong line, women are afraid of choosing the wrong man", you have to be cautious when you enter. It's a strange industry that's not easy to get into, and it's not easy to get out. On the surface, it doesn't need you to be exposed to the wind and rain, low-level entertainment, and you can get a little bit of relationship with white-collar workers, but in fact, ** is a bottomless and bitter industry, maybe you can't get in touch with its essence in a lifetime.
For many years, ** has not been loved. Friends get together and ask you what are you doing? I held it for a long time and didn't dare to say that you did it. In today's China, there are a few people who know, and there are a few people who really understand and can do it. How many people have won money in the ** market? Even if you have a chance to win, you will lose all of them in the blink of an eye!
* Investing is wonderful, but it's cruel. It's essentially just a business, but it's no ordinary business! Any investment has risks, but the risk will not come as fast as **, a real estate project investment cycle may take 3 years to know the result, but ** investment may only take 3 days to let the mystery be revealed, extreme times only take a few minutes you have died. In terms of excitement, there is no industry like the ** market, within a year, will let you experience a lifetime of legends! Perhaps the profession of a doctor can be compared to that of a ** person, delivering a new life in the morning and sending another one to the morgue in the afternoon. Heaven and earth are only moments.
* It will make you extreme, you will feel like a genius when you win, and you will feel like a fool when you lose. It's boring when you don't have an order, and you're more anxious when you have an order. I always want to see the transparent sky, but I can never see through it. For a day in this market, you can't be calm for a day, forever exploring in the dark, looking forward to helplessness. People are very lonely, and their pain and joy cannot be shared with others.
Only by doing ** can you have a deeper understanding of the meaning of victory and defeat, the helplessness of life, and the changes in the world. Only then can you taste the life attitude and historical vicissitudes of "rolling Yangtze River east passing water, waves sweeping away heroes, success or failure, green mountains are still there, and the sunset is red several times". After doing ** and then going up to Yueyang Tower, you will re-appreciate the mystery of "not being happy with things, not being sad with yourself".
A long time ago, I read *** poems, the old man wrote in his early 20s, "Orange Island head, see the mountains red all over", reflecting more heroic momentum, many people can write this kind of bloody sentence at this age. The old man's greatest poem is not this one, but "Qin Yuanchun." Snow", when the 300,000 Red Army only had 30,000 people left after nearly 10,000 miles of the Long March, and almost all the troops were wiped out, the old man wrote an amazing poem of "counting the romantic characters and looking at the present dynasty", which is not only heroic nor bloody. To understand from the perspective and perspective of the best people, when your account hits from 300,000 to 30,000, you can also sing the song of victory, and also say that you want to get the dealer, what kind of person is this, what kind of spirit, what kind of mind, what kind of steel nerve, what kind of deep vision! What other opponent in this world can crush you?
Therefore, people's teeth are always clenched tighter than others, expectations in their hearts are always more than others, work hours are always longer than others, hair is always gray faster than others, and heart function is always better than others. People don't have too many illusions about the future world, they can definitely tolerate and look down on different opinions, and they are most concerned about their own accounts, because all opinions and opinions will eventually turn into profits and losses.
*It may be a way of life, do a little**, you can understand the vastness of the world from another angle, understand the wonderfulness of life from another angle, and understand your own catties from another angle. The winner is the winner in life, and the success or failure is related to the success or failure of character.
* Investment, not so much technology, more art, not so much gambling, more hard work, not so much to make a plate, but more to be a person. Each sheet reflects the color of human nature and the nobility of character.
Can you keep an eye on the market every day and keep your position short for a week or a month, or even longer? This is the first hurdle, a hurdle that is very difficult to overcome. Short positions are also operations, and they are high-level operations, but it is also the most difficult to operate! Short positions are definitely the premise of making a lot of money, and short positions are the best way to avoid the decline in market value, because only short positions can be cool-headed! Thousand. Don't be afraid of missing the opportunity with a short position, because the money is inexhaustible, and a timely rest is a manifestation of a normal heart, and those who will not rest can be said to not work.
The other ** have risen sharply, but the ** in your hand has fallen, do you feel lost? If you feel very lost, do you have the urge to exchange shares? On the contrary, the other ** have plummeted, but yours has risen, are you carried away? If you have both, it means that you are very impetuous, and you should pass the second hurdle. Don't be happy, don't be sad! Because the main intervention time has a sequence, the start naturally has a rotation, historical data tells us that a *** down, most of the ** rise is about the same (except for a few super bulls**) Therefore, as long as there is patience, the opportunity can be said to be equal.
*Falling below an important support line, are you lucky? When **all the way down, will you look forward to the stock price all the way**? If you have all of these, then you still have a long way to go, and this third hurdle, which is also the largest and highest hurdle, is something that the vast majority of shareholders can't pass. Break the line (bit) and leave! The main force will never let its ** break at will, so the break must be resolutely left at the first time.
In the game, there are many hurdles, and it is not possible to beat the market with a little technology. You have to overcome yourself first, and overcoming yourself is not just by knowledge, but more importantly, you must have a calm and perceptual mentality.
In fact, ** is also a kind of practice, and only by enduring loneliness can you achieve positive results.
First, the brute stage
The characteristics of the brute stage: I don't have any idea at all, I don't know why I buy ** when I buy, and I don't know why I sell when I sell. The decision to buy or sell is entirely dictated by others or on the spur of one's own. For example, watching a financial program, a certain stock critic recommends buying a certain **, and there is no rule when selling, and you can sell it if you feel that you have money to make, or you can sell it if you go up and down to "take the elevator", and finally achieve one of the four major misfortunes in life, "** become a shareholder", and you will never stop loss during this period.
Second, the exploration stage
The characteristics of the exploration stage: you have more or less understood the rules of the **. You know you want to stop the loss, you want the profit to run, but you don't know how to stop the loss. You use a mechanical method such as 10% or 20% to set your stop loss. Sometimes you can do it, and sometimes you find a way not to stop the loss. You don't know how far to let the profit run, you don't know how to determine the profit. There are all sorts of rules, sometimes they work, sometimes they don't, and you don't know how to apply them selectively. When you see a ruthless speculator, you already know that they are brutal, and you know you can't do that. Sometimes you make money and sometimes you lose money, but you don't understand why you lost money or how you made it. You don't have a systematic buying point and selling point, the cost-to-income ratio of this stock is very low, the dividend of that stock is relatively high, Zhang ** Xing recommends this stock, Li stock critics are optimistic about that stock, you are still using your own intuition and "it shouldn't be wrong" reason to buy and sell**. Are these descriptions right for you? If that's right, you're still in the figurative stage.
3. Strengthen the risk stage
At this time, you have established your trading pattern, know when you can enter and when you should leave, when to sell, what is the normal trend of the target, and what are the red flags. You will feel that it is happy to operate according to the rules, it is painful to violate the rules, you will occasionally make small mistakes, you are already sharpening the risks, but you still need to constantly improve your basic law, so that "there are laws to follow, law enforcement must be strict, and violations must be investigated".
Fourth, the stage of long-term gambling must win
A viable plan cannot be imagined, it must be justified. "Reason" is the mathematical probability, if you win more than 50% of each bet, and you only bet a small portion of your stake, you will not shave your head for a few bad lucks, and you will win in the long run. When it comes to the long-term gambling and winning stage, you should not have any emotional fluctuations in losing money and making money. You don't suffer anymore about the stop loss, you understand it's part of the game, you don't enjoy making money anymore, you know it's the inevitable result. You don't care about winning or losing anymore, you just focus on doing the right thing at the right time. You know that profits will follow.
Is this the end of the knowledge of *? The answer, of course, is "no". *Big dealer,Jessie Livermore said, he's been learning something new every day for forty years. There is a saying on Wall Street: "If you can survive for ten years, you should be able to keep making money; If you have survived for 20 years, your experience will be extremely valuable; If you have survived for 30 years, then you will definitely be extremely rich when you retire. ”
1. The value of ** determines the direction (trend) of the stock price. The value of * is the comprehensive judgment of the fundamentals and growth expectations of the ***.
2. Once the trend is formed, it will not be easily changed, the inflow and outflow of funds can affect the short-term direction of the stock price, but it can not change the general trend of the stock price, it can only play a role in accelerating or delaying the operation of the stock price trend, and will go through the whole process in accordance with its own operating trend, unless the funds change from quantity to quality.
3. The correct selection of entry and exit points is the key to the quality of transactions.
4. The guarantee of the quality of the transaction is: whether each transaction link is implemented as planned, rather than how much money is made. If you don't operate according to the established plan, you will make money, and it will be wrong, and if you lose money, you will make more mistakes. Because we do not operate according to the plan, we are doomed to fail in the long run. It is also correct to lose money according to the predetermined plan, and the loss of money is only a planned risk capital. **The highest investment realm is: under the premise of ensuring the safety of funds, continue to make stable profits! If you want to survive and make a profit in the medium and long term, you can only operate strictly according to the plan and constantly repeat successful operations.
5. The ultimate goal of trading is to make continuous and stable profits from the top of the market under the premise of ensuring the safety of funds, rather than pursuing short-term profits. Remember the ancestral teaching: money is not in a hurry! Earn only as much money as you can.
6. Patience and confidence are even more important in trading than all other factors. In a sense, patience and faith play a decisive role.
7. Don't go long in the short market: do not "do not increase positions, do not re-position, and do not meet the position". Do not short the long market: do not "do not reduce positions, do not light positions, do not short positions". In the most dangerous situations, no one can see me; As long as I show up, it's when the market is relatively safest.
8. Be sure to see what are the characteristics of the historical trend of the first class as the basis for judging its future trend.
9. If there is an adjustment, it is impossible to end it in one or two days, otherwise it is not an adjustment.
10. Rest when you don't feel good.
11. Doing the right thing is always more important than doing the right thing!
1. How much capital do you have? Rarely, so little that it will not have an impact on any ** movement in the target market;
2. What about these funds? These funds are not my living expenses because I have a regular income and will not use them in the next 3 years;
3. How much time can you spend trading each day? I can't keep an eye on the market every day, but I can do it for more than 10 minutes every night; So I can't tolerate too much ** operation, and can only carry out medium and long-term operations;
4. How good is your computer level, just how receptive? I have a good computer level and can program; I am a PhD student, and I have a good understanding and acceptance of some of the more responsible indicators and knowledge; It is easy to understand some of the more responsible knowledge.
5. What are your strengths and weaknesses in terms of personal discipline? I only have a good sense of discipline for my strong beliefs, but usually the sense of discipline is not particularly strong, but it is better than the average person.
6. How much money can you afford to lose? I think it's up to 20%.
7. What are your goals and expectations for your future trading system? I think at the very least, we should outperform**, with an average annual yield of more than 40%.
After answering these questions, the prototype of the trading system can be established: a stable medium and long-term trading system with an average annual rate of return of more than 40%, and a very fixed trading strategy to prevent poor self-control and artificial trading factors from interfering with the system.
**A fear of heights that must be present when suggesting a system
In 2017, many of them have entered the relatively high range, with more and more stocks, and the operation of the market has also entered the world of blue-chip trend stocks. Looking back on the history of China, the market is improving, and the mentality and operation mode of investors are slowly changing. But for **, Weigao's mentality always leads to not daring to buy stocks, and the more you dare not buy, the more you don't dare to buy, the more you don't dare to buy, the stronger stocks are always inaccurate, why are these?
1. In the past N years of operation, the risk assessment of a ticket is often simply to look at the stock price, the trend is upward, the first stock that has risen is risky, and the stock that has not risen is a small security risk. **It is an absolute risk evaluation criterion, and never considers the valuation of listed companies. This is actually the wrong end, the investment itself is the expectation of the future of the listed company, whether there is a possibility in the future, whether the current market value corresponds to the current industry position and operating conditions of the listed company, so the most important thing is to judge the valuation.
2. Another reason why I dare not operate strong stocks is that I am afraid, many ** have had the experience of chasing strong stocks after entering the market, and then fell miserably, once "hurt" by strong stocks, they will be bitten by a snake for ten years and afraid of the well rope.
3. Analyze the market more by imagination
*In the follow-up**, because of their own lack of market analysis ability, so in the follow-up ** is more of a fiduciary, low stock price thinks that **space is high, high stock price is high, high stock price think about the stock price to fall. Ignoring the policy and the development trend of the industry, when good news comes one after another, even if the early stage of the first stage will still be the big bull has more space.
4. It is difficult to correct after mistakes
After being unable to bear to chase into strong stocks, the market will not be able to decisively cut out because of its own foresight. As a result, the principal has shrunk again and again until it is unbearable to cut the meat out, and this is often the bottom. And the thinking of ** is that if you lose a lot on this ** ticket, you will not do this ** again. This kind of attitude, which is difficult to correct after mistakes, will repeatedly lead to the inability to grasp the trading of strong stocks.
In fact, in the final analysis, there may be many reasons for being afraid of heights, and in the final analysis, it is the problem of one's own knowledge reserves. **Operation is not simply indulging in mechanical trading of buying and selling. Rather than spending a lot of time to do frequent chasing up and down, it is better to calm down and think, the future market must be slowly tending to value investment, and the so-called high point position may be a new starting point position, ** need to settle down to plan their future operations, how to follow the market transactions, to learn how to allocate their own funds, how to do market analysis, to find out the future trend of the market, suitable for their own trading mode. A short period of time of smooth trading can not bring long-term profits, I hope to keep in mind.
1 What to buy and sell --- the market, 2 How much to buy and sell --- position size, 3 When to buy and sell --- entering the market, 4 When to exit a losing position --- stop loss, 5 When to exit a profitable position --- leaving the market, 6 How to buy and sell --- strategy.
1. What --- bought and sold in the market:The first decision is what to buy and sell, or essentially what market to trade in. If you're only trading in a handful of markets, you're significantly reducing your chances of catching up on trends. At the same time, you don't want to trade in a market where the trading volume is too low or the trend is uncertain.
2. Position size --- how much to buy and sell:The decision about how much to buy or sell is absolutely basic, however, it is often misinterpreted or mistreated by most traders. How much to buy and sell affects both diversification and money management. Diversification is an effort to diversify risk across a wide range of investment instruments and increase your chances of making a profit by increasing your chances of seizing a successful trade. Proper diversification requires making similar, if not identical, bets on a number of different investment instruments.
Bankroll management is actually about controlling risk by not betting so much that you run out of your own money before a good trend arrives. How much to buy and sell is one of the most important aspects of trading. Most novice traders take too much risk on a single trade, which greatly increases their chances of breaking the bank, even if they have a trading style that works in other ways.
3. When to buy and sell --- entering the market:The decision of when to buy or sell is often referred to as the decision to enter the market. The autonomously running system generates market entry signals that illustrate clear levels and market conditions for entering the market to buy and sell.
4. Stop loss--- when to exit a losing position:In the long run, a trader who does not stop losing money will not succeed. Regarding stop loss, the most important thing is to pre-set the exit level before you open a position.
5. When to exit a profitable position --- leaving the market:Many "trading systems" that are considered complete trading systems** do not clearly state the exit of profitable positions. However, the question of when to exit a profitable position is crucial for the profitability of the system. Any out-of-market trading system that does not state a profitable position is not a complete trading system.
6. How to buy and sell strategy ---:Once the signal is generated, strategic considerations regarding the mechanized aspects of execution become important. This is especially a practical problem for larger accounts, where the advance or retreat of their positions can lead to significant inverse** volatility or market impact.
There is no invincible trading system, there are stable and profitable trading systems, but there are few, and the success rate of **traders is less than 1 fully proves this conclusion.
As long as it is a long-term profitable trader, their trading system is definitely stable and mature, but it is also difficult to copy. The trading system is both a technique and a way, and it is the enlightenment after long-term practice of trading. So, even if you give it to you, you may not be able to comprehend making money.
I have been trading for more than 10 years, during which in order to find a very powerful trading system, I visited the famous celebrities and masters in the T+0 trading field, and there is only one answer: no matter how perfect the trading system is, there are advantages and shortcomings, and it is impossible to eat all kinds of **.
The trend system, in general, is based on the trend following of the daily chart, the advantage is that you can make a lot of money, and the disadvantage is that you often encounter a roller coaster or even lose money.
As long as the development trend is carried out in accordance with the way of the band, the profit obtained is greater than or even the multiple of the trend system, and the use rate of funds is higher, and the disadvantage is that the band will be missed if it is not withdrawn at all.
Intraday ** system, some operate on the time-sharing chart, some of the 3-minute 5-minute level cycle trading, the advantage is that the stop loss is very small, it is easier to accept it mentally, and the profit comes quickly, the disadvantage is that the transaction cost is too high, and the transaction is frequent and easy to make mistakes.
Various systems have their advantages and disadvantages, and no system is perfect. Since you have chosen a certain system, you must not only enjoy the profits brought by the system, but also accept the losses.
The more you want to perfect your trading, the easier it is to fall into the trap of deliberately pursuing the system. In fact, the system is not complicated, but the human heart.
For example, for many people, even more uncomfortable than **, at the moment you are controlled by emotions, to TM trading system, only open a position into your heart will be comfortable, this is irrational trading, losing money is the inevitable result.
Also, it is clear that the system does not allow overnight trading, and you do a good job every day, but you find that there are often gaps or high jumps overnight, and the profits are greater, so one day you do not follow the system to close the position, and start overnight, so the nightmare begins.
Moreover, every time I follow the system to open and close a position, but I have failed to catch a decent trend after many attempts, so I have no patience, abandon the trend system, and change to another model, and the result is that the transaction is really like I can't get along with you, a real big trend ** launched, a calculation, 100,000 principal can earn 300,000, infinite depression and sadness urge ......
Traders who lose money are constantly torn between using this system and using that system. We trade for one purpose – to make money! As long as you can make money, you won't die if you make less money, it can be seen that the problem of the trading system is solved, and the last thing to solve is the insatiable greed of the human heart!!
*Learning is a difficult process. Because, basically, the majority of shareholders are basically self-taught! Cross the river by feeling the stones! Therefore, it is not easy for Chinese investors! What should you learn and how to learn in **! Everyone is thinking! Deep down, many ** have always wanted to master a technology and put themselves in an invincible position through this technology. That is, I hope to find or learn a set of techniques that are sure to make a profit, which is actually impossible!
On the road to learning, you must think clearly about a question! The impact of this question on learning is directional.
The question is: Is it science or art! Because, if it is pure science, then it will be able to design a set of precise operating procedures for the first time, and be invincible; And in fact, if this is the case, this market has no meaning to exist!
Therefore, ** is definitely not pure science, and it is simply impossible to have a set of technologies that will always make money and never lose money. On the way to learning, after we recognize this, we have to think? How should I learn the theory? Where is the exit? Combine your own perceptions! Say it. * Not pure science, but a combination of science and art. Art can't be programmed, and there's a lot of uncertainty! All ** is a trick, and uncertainty is the norm of **. Since it is impossible to have a set of technologies that completely defeat the market!
From the bottom of our hearts, we have to get out of this delusional framework! Put the core of learning on "application"! Practical application should pay attention to the "high probability" in learning and the "experience and law" in trading, rather than reading books and being kidnapped by thinking and books. I am learning the logic of **: "absorb the essence, get out of the book, combine experience, and use it naturally", and realize the process from gradual realization to epiphany in learning.