My experience of the city (Zhuantie full version)

 One of my experiences ----- question of the City of City of
have high risk with a strong self-confidence when we, With a better vision of the future came to the futures market, is proof of our self-worth, but also to profit in this market and realize their entrepreneurial dream.
course, we first know of the city is a high-risk high-return market, and even this is why we chose this market reasons. However, a few years later, we have a taste of the high-risk, high return could be the original vision of where it funds lose money, risk is everywhere. in connection with the company of a few years of the city, experience tells me that a firm offer, Ben Shen of the city is not a high-risk high-return market, at least for our retail, the city should not be of a high-risk high-return market, due to our preconceived accept high-risk high-return such a concept, so We expect not only the operation of thinking very high returns, but also accept high-risk futures should bear the idea, which is a key reason lead to bad consequences.
me to a friend Xu Jinglei experiences to discuss this view it. Xu Jinglei is a client of the company, tens of thousands of funds, personal qualifications, in my view, far higher than other customers, when most people are still pursuing short-term trading, he has been conducting long-term investment, and I recognize the importance of long-term investment in two years, he believe that in order to obtain high profits in the futures, pay high risk is normal in this line of thought, he is the next single volume weight, had a short in the soybean market in a lot of money under the Shigekura profit, which is even more so that he was convinced that under heavily loaded with high-risk commitment, access to huge profits trading ideas, he often challenged me to refute the words Shigekura transactions are: position size is the same, stop big profits are also great.
he had 30 in 98 years under the hand of an empty one, but the end result can not be closed under pressure and in the day, but closed after the daily limit is three, that Heart of regret that we can understand that, had the next half of the 15 hand, I am afraid the results would not be closed because of pressure to miss this great opportunity. But this is not the worst, due to re-position his big stop Even if compliance with the flow, the two principles of strict stop-loss, highly leveraged futures and technical errors are still coupled with some bad luck forced him to stop ten consecutive times, this time to highlight high-risk futures out of funds quickly dropped to 6 thousand dollars, but he did not realize what's wrong, but complaining about the back luck too, and how to do how wrong is the last transaction done with this six thousand, knowing him down a few hands up, 10 hands (overdraft transactions), the price first dropped down slightly in his direction, followed by consolidation, then the opposite direction and then back up, stop after only a few hundred, and now, the original capital invested all exhausted , though he insisted it is the right long-term deal, but only a few opportunities are missed for various reasons, and in order when he entered the picture, not too much stop-loss and sharp price oscillations together The result is a loss, and increased loss Shigekura also played a role, they did not expect the big move until the funds had been exhausted, despite the market timing is a direct cause of his failure, but the root cause is his high-risk high return transaction ideas, in fact, expect to get high returns of City has always been the performance of greed.
want the excess profits 2-3 times annual earnings, while the market is limited, it can only be achieved by increasing the position , and this will inevitably very large stop-loss is tantamount to not allow ourselves to have more opportunities to make mistakes, once the bad luck, suffered consecutive losses, the principal will be decreased rapidly, until driven out. Let me explain with figures, to calculate the principal amount to 20,000 yuan to soybeans, for example, the company requires a minimum volume of 5 hands, according to the popular 5 / 100 stop-loss principle, a loss of 1,000 yuan, equivalent to 20 points / hand (including fees), in recent years, the stock market point of view, even if you long for the transactions captured by the market, in the throwing head to tail, the profit is 300 points, 5 hand is 15,000 yuan (not including overweight included) but this is entirely in your operation the right circumstances, it is clear that we expect a market with a profit far from the idea several times, if it is to realize profits, we must increase the position. such as 10 hands, will become a 30,000 profit, the The results seem good, then your stop loss to 10/100, which is a loss not only allows you 10 times, you do not ignore that stop only 20 points (I believe that most traders stop to be greater than , then the number will allow you to make mistakes less), this would mean you are in this highly leveraged market, before you catch a boat you will pay more the number of losses, consecutive losses and if you 5 100/100 You use the remaining funds to restore the principal amount of profit, and 5 consecutive losses in such a small stop you, as long as there will be a little bad luck, terrible bar, Shigekura transactions give you a tempting returns to hide a huge risk, one that you simply can not afford the risk doomed. If you insist on 5 / 100 (or less, I 3/100-4/100) the stop-loss principle, adhere to long-term deal (I individual is a staunch supporter of long-term deal, there is a beginning to the long-term from short-term changes in the process), to expand on the use of pyramid overweight profitable way, supplemented by the proper technical analysis (must be a proven, effective way, or even if the funds perfect management, trading results will be greatly reduced), the result will be very good, although not what we expect huge profits, but if the long-term deal in this operation continues, more and more of your money will, after all, our goal in the long-term survival and development of the city, once riches can be met without resort, in the pursuit of high returns for the city to pay a high risk of human greed performance, would only invite failure, in fact, in the final analysis of the city itself only provides a good investment vehicle, the risk of the city itself can through good money management principles to resolve the biggest risk comes from the heart of the greedy traders, high-risk and high returns are not the real face of the city, but investor subjective feelings of the city and evaluation, not the pursuit of high profits first and foremost, and chasing low-risk trading ideas, restrained greed in his mind, so that their long-term survival in this market is the basis for everything. concluded that summarized in one sentence: a small amount of wet storage, stick to our principles, reduce risk, value-led.
my experience of two of the city --- just read the stop can not be questioned
modest man, sentiment, , but still continuously forced to stop, that the market started again, but set a good stop to follow up, the price but folded back, triggering a stop, then talk to, and be stop out, so I was hesitation, the prices are launched, and so knew it, the price is not suitable entered the picture. So I think, if I do not set stops, or as modest man said, do I find one in the wrong direction again when stop and how many points do no longer stop. this idea right? me with some examples to discuss:
a company's employees, but he had an account is 94 years old to enter the market traders, and according to another briefing, he had a very bad way manipulator, explosion several bank account. But, from my observations into the company after his pit trading practices is much higher than most customers, I just joined the company he had just on June 99 in soybean trading range in the space under the hand of one of 10 (he had just profit in this round of market 20000) said that he is the kind of man with modest means, and then trend turned, and saw the error He played, and nearly 30,000 funds left more than 5,000, which is the size of a stop. This guy hardened and with no frustration into the bean market, and then a miracle happened in the last wave of mung bean bull market, he insisted to see more than just the next two hands, a row 13 times earnings (in-band mode) and on the capital last 20,000, was the most outstanding companies in operation, in the process I have been observing him of his methods of operation, I found that the majority of his customers to set up good ideas and way of solitude stop different approach, he is look for the rally, as long as the trend has not changed no matter how volatile the price is not a warehouse, green beans despite the whipsaw is very powerful, in the other customers with the trend is still forced to stop on the circumstances, his approach has brought him a very good profit. But things did not end, green beans rose bearish mood after people began to increase, he begins to Air One, I do not know what his reasons for adverse economic transactions, even after the rally, a wrong, stop, and then empty again, and find that it was wrong, the second stop after the capital is only twenty thousand After the two losses to only 4,000 yuan, despite the adverse economic transaction is the direct cause of failure, but found the wrong way to make it stop appearances have been very common for two errors brought great loss to 13 profits naught. surely we all know the two prime principles of money management, the loss is limited to a small one, so as to enlarge profits, that is, we often say that the profit and loss ratio must be greater than 3 / 1. The second is to be limit the loss of any part of, that is, any losses should not exceed the total capital of 1 / 20 (the prevailing maximum rate). Obviously, a large stop-loss approach runs counter to this principle. Besides, who can guarantee income in this way City will not make mistakes, the kind you think a trend starts, but the results came back off the trend in the opposite direction started it not commonly do, only aware of their wrong stop, and the prices must be a large portion has gone , the futures market is bound to such a high leverage your losses, perhaps this slump, which has no stop and no distinction between, so to speak, if I said the kind of man to be modest and prudent way into the market, I do not know how many die back, but stop just because I keep, I have a chance to guarantee that my money is still there, many times I stop operation is proof of the first rules of survival in the futures market, stop loss is to survive, I strongly oppose the weakening of the status of stop-loss, modest man also said: stop stop must be technical, rather than the stop loss point, I think the first stop should be consistent with financial management requirements, determine the maximum acceptable loss, so only the technical approach to determine the point and stop point to point technology to determine the size of stop-loss, not only will enlarge to a dangerous degree of loss, but who can guarantee the technical point of bits have a higher probability of success, the first stop point is limited to the loss of any one transaction, because each entry is assumed to occur, not necessarily happen in this case, the technical stop is merely a hypothesis, there is no certainty significance. modest man there the phrase I think just the opposite, frequent stops are very normal, there was speculation master once said: I 95/100 of the profit is from 5 / 100 of the transactions created by the loss of most of the transactions, because I grabbed the few opportunities for profit and hanging on until success. Shiwei Ge's stop such a high rate of failure far more than the profit trading trading, the end result is still profitable. This fully shows two examples of how much the number of stop-loss is not the most important, the key is that you caught a profit transaction and make it fully developed, large enough to withstand several times the profit loss caused by a small loss. My last point is frequently retail stop in the transaction is indeed universal. But the problem is not only the key itself loss, but rather in the highly leveraged and volatile market, market timing is difficult to choose, but to no avail inevitably lead to frequent stops. but it all is a tricky issue, can the trend by observing the law to solve it, at least I have been basically solved. sorry modest man, I almost all the points against you, but it is a matter of debate, I hope you do not mind. In fact, our own view of two opposing views are always about trade-offs between come, but practice is the sole criterion for testing truth.
my experience of the three city ---- ------ simple indicators to success is not in essence just entered the multi-
remember me this market, I met a variety of technical tools and indicators, I passed screening, I was selected some of the tools used to look good, and I have long realized the importance of system trading, with many different each combination of indicators and tools to determine the entry conditions, half-way stop condition and appearance conditions to have rules so that the entire operation can be based,
heart has to do the end of the process. Zheshi Rang I now think of it all feel proud of one thing. However, the mistakes were just not there, my entry, exit and stop every half-way links are dependent on a number of indicators and tools for joint action, although not often say that in general the so-called resonance, but stipulates that action must be before they can complement each other. Let's say my general admission conditions are: cycles show prices happens to have, 14rsi upper (lower) through 70rsi moving average, also refer to the angle lines to determine has stabilized, but also reference position and volume, in short, the whole process is very complex. So how does the actual results, very unsatisfactory, the biggest problem is caused by mutual interference, several contradictory indicators, the total number of conditions are not met, resulting into appeared hesitant, in theory, trade seems to
perfect solution largely ineffective in actual combat, in addition to choice of indicators and tools there is a huge flaw in itself, the required tools to complement each other is an imagined possible, but the actual but the wrong idea, I found these problems, gradually eliminate some, and gradually you can feel, and I put all the tools and indicators also listed a simple trading plan to a piece of paper, I found filled
the whole letter, I had a thought comes to mind: tools are still too many. But I also think the rest of the tools are very important. At this point it is the last round of mung bean bear market, the three limit-down old of the faithful will recall, I know to empty, but I have always trusted the cycle did not issue any signal, I missed the market, mung bean stopped, I shift the focus of the study of soybean (I have not studied
soybean), When I put the program are summarized in mung bean applied to soybeans, I really desperate, I called the set of effective techniques in soy simply on paper, with no effect, goes on the indicators used to keep track of my letter is tantamount and tools waste, consume a lot of money, all the energy devoted by the experience of such a miserable state inspection, I ignorant, I think that in the end do not understand why
. calm, I began to reflect on what went wrong, I use such a complex The technology can not make money, so many targets in a new market but not one can, then I have to do it, I began to drastic cuts in the tools I use and targets, will delete all indexes of all non-essential, I I've overturned nearly all the ideas, focus on looking for mung bean and soybean markets
in common, the result is only the k lines and moving averages, it is nothing to further reduce the. all of a sudden I suddenly see the light, I seem to find at this moment the most realistic aspect of this market, followed by the original laws of the market is so simple, but I did not find, because I think of preconceived City is a highly complex and profound market, so I instinctive way that the final transaction
must have a very advanced and complex (I believe there are many still think of friends), in fact, of the City is a random co-exist with the laws of the market, the regularity of the side is very obvious, simple to the point where you turn a blind eye to it, and the performance of his side were extremely complex, and I just saw this side, but wrong to think that this is a completely regular market
(ignored it Random side), there must also not be most people to master a method of trading, I have been trying to find this way, I finally reached a dead end. The idea of breaking one of my most significant technological breakthroughs After nearly a year of struggling to find my way to the original has been in my eyes, crystal clear in front of me. treat this very complex market had
, we use the more complex transactions of only more confused ideas found that the simple side of the market, regular, side, and then a simple technical means to grasp it, and follow the main trend of the market, without any subjective guess is the ultimate solution to how this market does not require highly complex technical analysis tools, the key is whether you know the market right, found this
rule of the market, if you are already on the market understanding of the law is wrong, then built on this mistake of thinking all transactions above and technical analysis methods are invalid, I made precisely this error. Most people can read to the two simple-minded little mouse is pointed out that due to dwarf the original
simple questions like the original complex, and some could have been very simple, and try to be smart because of the reason, can not get caught in the quagmire of thought, and mouse as simple-minded, just looking for a simple, but the first to find the cheese, chirp before the hum found his own mistakes, brave to give up thinking about the cause of the loss of cheese and embarked on a new look for the road, also found the end
n Cheese Station. and hum is still thinking about the cheese in place lost cause. We can not try to be smart to avoid the shortcomings of our own, not as simple as the mice treated every problem, but we can the same as the chirp of the wrong found himself, in a simple way to deal with. simply does not mean ineffective, complex and does not represent effective use of sophisticated methods of analysis I did not succeed
, the ultimate success of the analysis is simply not in a simple analytical tools and trading principles, which is completely contrary to my original idea, think of it really weird, you are still repeating the same mistakes and I do, try another angle, perhaps you will surprise me on
experience of the four cities selected --- long or short positions
in this market, what should be done to do short-term or long-term, presumably is a more controversial topic. Of course, most people choose short-term operation is the choice of , long-term operator in this market are few, and this just want to change some of my thought process as we provide a reference, perhaps this is the road to your future successful operation of a deadlock, because the problem was my knot .99 years, there have been a bean very strong bull market, when I just enter the market soon, due to lack of experience early in the rally, I contrarian bearish, but fortunately stop in time, although several contrarian short, but Final loss is limited, then I found my error contrarian trading began resolutely to see more, this time has run a small bean in four of nine waves waves (hindsight), I did not delay the moment too much, I began to prepare for the next more than a single but as I technical analysis, trading ideas are serious deficiencies at the time (the last one mentioned the issue), I still call several times Ta, not with the the market, only one or two operations right after the rush is also played by the small gain, small waves has completed nine after the market swings, is already quite a big increase at this time, everyone began to look empty inside, I was under the principle of momentum trading, still insist to see more I was the only venue to see more people, the most aggressive in the last five waves, big waves started, though I strongly bullish, but due to technical cycle miscalculated the market one day and watch as they stand, etc. I understand the situation, the price has been high daunting, and ultimately gain a big scare, we should see profits hand slipped away before my eyes. Quotes finish, and green beans rose to more than 2000 points from more than 3,000 points, the trend rules rhythm, so easy to capture the market but I finally got a loss, I have been in the process of buying and selling, operating more than ten times, the result ends meet, I found that if I insisted from the beginning to trade in, if I'm not �̳� after buying, but after profit stood, even though I only go against the once profitable enough to withstand all losses, but also a number of surplus profits, and I do, in suspicion, fear, do not hesitate in Anti-is lost opportunities, with great difficulty caught once, but hurriedly appearance, frequently the result of a number of times to do not as it stood on its own after the first results of the development of better, even if only for one in ten. I I chatted up the idea with a client, I finally said, it seems, have to do long term. heard another broker, quipped: short-term are it is not also want long-term. I thought, ah, look at After the rush to profit you played that look, you have the patience needed to do long-term, or do your short-term speculation it obediently. There was so little long-term deal so spark flashed out. a few years later, My level of trading ideas and technical analysis has been than this non-eve, but I still do band, my trading profits to be little progress, I clearly know that there must be something wrong. One day I read an article article highlighted the importance of long-term deal, I feel justified, began to reflect on their past trading: I'm used to the fried-band, a successful operation can be profitable 50-80 points (bear band larger than a bull market, which After throwing head to tail is the actual availability of profit) is usually my stop within 20 points, to a successful operation and sometimes stop to pay two or three times, so that usually only make a profit loss of the space, which pretty good, worst of all lost a couple of times, prices really started to move, I was in doubt and hesitation in lost opportunities, so that the number of losses in the operation is much greater than profit, although I have been able to successfully to seize profitable opportunities, it will only play for a draw, and sometimes bad luck to lose money, there is a problem is that I often lose opportunities because of various reasons, this is a waste of an enormous market, the total down , even in the face of the stock market very well, only intermittent bites, nothing left after removal of a loss. There are opportunities if the profit that would be fixed after a huge profit, but I played early, frequent after operation I am still empty-handed, a big move, I get only regret and frustration. I finally realized that, not long-term deal is my knot, want to be a net profitable trader, I must take this step, put in before me, the biggest barrier is the idea of the patient presented a great challenge, I was very confident on this point, followed by a technical approach after the first cycle of tune I do not know how to deal with, but they sill, but also too, otherwise all efforts will be wasted, dreams really become a dream forever. the ultimate resolution of these issues are not as difficult as I expected, through continuous training and psychological suggestion to modify the rules of trading, I finally success. I finally opened the last door, I see this market all the conditions required for success. I had all the mysteries have found the answer. In fact, I believe this market has many people to rely on short-term success, which I do not negative, but most people rely on short-term operation is no future, because most of us are still human, even if you think your qualifications better than anyone, please do not forget to enter this market and you all have the same self-confidence, or would not choose to futures. Of course I might because of my own experience and somewhat arbitrary, and your short-term skilled than I am probably a lot of technology, you put this all as a story better. a long time ago I used to do had such a hypothesis, I find the road is Yishi the assumptions: in fact, we find the process of successful trading method precisely a reflection of their behavior and continue to constantly improve their mental process, in this process, there many difficulties to overcome, there are many laws need to discover, there are many reasons you needed to understand, everything is done, the are successful, any error will cause a link failure. Of course, everyone knows how hard it is, otherwise, of the city would not have so many feelings. human weakness and restricted it is difficult to achieve this ideal state, many people in the loss of soldiers in this market crashed because it was in this bar. of the City final The solution is not how the highly complex, given all boils down into one sentence: analysis of their own, analyzing the market, identify problems, solve problems, nothing more. of course, a key point we must do, that is, apply what they learn This is impossible, to understand more is no good reason.
my experience of five of the city of lost retail
------ prone to read a recent Friends of the title of Stop the power lq1698 has been very good explanation of the Some of the faithful lost the inspiration.
market in my time, my money started shrinking, losing record deal let me try to state that can not be pondering the futures of character, and the market seems to always against me, I am confused, in a chat, I asked one of the company set up to work when the dealing room staff: Have you ever seen someone holding a profit out of the market, she said: the early years when bonds do an old man who climbed over the money and left the company several times, after which no one can profit out of the holding company will be gone in a number of customers each year, will add new people into the group, and the cycle is usually a years, many years repeating the law. These words made me more confused, look back in the company of these customers, who are not holding, And I will also like them. Is my fate doomed to be eliminated you, why, does the expense of themselves to the pursuit of the future is a result of you, do you choose the wrong, do a market does not exist kinds of solutions or the existence of such a program is not up their own means and ability, no, I firmly believe that the market there is a solution, then those of us thinks is very smart, very good, is the it was kicked out of the market, I can not find the answer, but I believe one day I'll find.
After several years of hard chasing, with the establishment of a long-term trading system, whether the transactions that have ideas or qualitative leap, a sense of failure are all wiped out, go back to answer the original question, all the problems are so clear.
loss of a variety of ways in the city, most retail investors A common feature of capital back into the third, eventually driven out (of course not including brokers, they are characterized by recurrent funding will be lighting a deal, and treat other people's money very irresponsible, I hope I will not hurt those who say There are brokers of conscience), and the reasons behind these phenomena is the lack of a correct understanding of the market, a set of ideas and the right trading strategy trading establishment is based on two basic, one for a correct understanding of the market, the other is human nature Characteristics of a correct understanding of the basic conditions of these two problems at any point, the transaction can not succeed (I mean a sustained and stable profits). In my own experience, though, is it a correct understanding of the market before will feature over the transition to a correct understanding of human nature, trading system is built on the basis of these two, unfortunately, I came into contact with everyone, including himself at that time only stay in the early stage, there to talk about not on the correct understanding of the market, failure will be inevitable, according to the law of the market, most people can not really recognize that doomed these two points, is also destined to be eliminated, is really very cruel.
Our understanding of the process of the city and our growing understanding of life during the process is very similar, I clearly remember when I was in third grade I think I've grown up, I have learned a great people of the world, but So, 18 years old I have thought I was an adult, and when I came out from school I found that I was so ignorant society, in society is so helpless, I realized I was the university community first grade in just 15 years old at the age of 14 feel that they are naive, they feel the age of 18 at the age of 15 he is very naive, and now that they are year, until they found their own ignorance, today is only yesterday's tomorrow is tomorrow's yesterday also, he did not change, but his heart is in self-righteous, and I am feeling like this exist in every body, our eyes has many limitations, we can only understand what we experienced.
so, too, of the city, everyone from the entry as the beginning of the city began its own way of life, everyone in different age groups, but life is different is that most people are aborted, and only a few people into a glorious end.
and look around the retail, and many articles have said the opposite stop poor retail , around most of the comrades to adhere to strict stop-loss, although the manner and basis for the stop is not the same, but have no problem on stop loss, understand the importance of stop-loss, especially of some old friends. But most of the the mistakes of individual investors that this is not exactly the most typical mistakes are based on fundamentals, positions, and trading volume, ranking positions, or unfriendly technical indicators, and even a sense of the so-called disk market in various ways, etc. subjective judgments but ignored the most important price, and this as the basis for entry and exit, the whole operation feel good, in fact, full of loopholes, even the basic homeopathic transactions are done, often lost in the market among The saddest thing is everyone knows that an important advantage of the opportunity, but can not do the actual operation or forgotten (in the soybean market in the round, I see many have had good remarks on the Friends of the Dajian contrarian prone position, shows words and deeds is a very common occurrence). while a few can be homeopathic, but because of mismanagement of funds or other reasons, which resulted in the loss, then there is no perfect trading rules or trading rules are not strict compliance is the most common cause failure One reason
a nutshell, the success of the overall transaction process is a But the right technology to build the basis of trade only, then again, these conditions are only necessary conditions for successful transactions but not sufficient, just do a strict stop loss and not a complete technical, financial management can guarantee that you do good to bleed to death, can not bring success. In this light, the failure of most retail investors a very clear ...