The greatest significance of stocks is the value of existence, and practical actions are the most important. Execution is the watershed between stock success and failure, and it is also the criterion for judging mediocrity and greatness! Everyone actually has the ability to do it, but the key is that personality determines that 99% of people cannot persist in doing it.
So naturally, there are very few people who succeed. So even if you understand all the truth, it is just the beginning, because the road ahead is still long, and doing is the most important thing, especially to do it, and insist on doing it for a lifetime, rather than giving up after doing it for a while. Understanding is the most basic, not many people can understand this level, and those who can understand it may not even be 1% after understanding it may not be even 1%, while those who can persist in doing it for a lifetime may not be even one thousandth.
In trading, there are "two leaves" and it is crucial. One is to leave blank space, and the other is to leave gaps
. Drawing should leave blank space. Trading is an art like painting. The blank space in trading is to leave empty positions. Those who do not have blank spaces will not be able to draw, and those who do not have short positions will not be able to trade
Trading blank spaces will determine the success or failure of the transaction, and leaving gaps to determine the advantages and disadvantages of the transaction. It is not technically difficult to achieve short positions, buying at several higher prices, and stopping large losses. It is not technically difficult, but psychologically difficult.
Only through long, huge, and arduous self-deliberate training can a firm heart be left blank; only by practicing a calm heart can a smooth and moderate heart leave gaps. If the heart is seamless, it will be restless and dark; if there is a gap in the heart, it will be quiet and bright. Leave a gap to calm the mind, let the hands be determined, and let the transaction be alive.
Traders earn money from others' mistakes, which is a game between people.
The biggest disadvantage of all technical analysis theories is that they always assume the trader as a completely rational person, which is absolutely impossible to happen in real life. To what everyone often says, who hasn’t had a temper yet?
And this temper is the cost of life. Temperament may not only hurt the body, but the most direct result of losing temper in the speculative market is to lose money. People are likely to do a lot of irrational things because of psychological hope and fear.
For example, it is always right to shout stop loss every day, but finding a few traders can absolutely stop loss. When there is a floating loss in the account, I don’t believe it will not come back without clicking it. I just hold on to it and even the urge to increase positions against the trend?
Investment game, Dream Life
Investment Dream of getting rich is certainly beautiful, but reality is always extremely cruel. Just as many college students are full of countless longings and yearnings for society before graduation, but once they truly enter society, they realize that their ideals are so far away from reality.
It is always easy to do it, but it is more difficult to do it than reaching the sky. Only before college, or even when you are young and sensible, you should set lofty ideals that fit your reality and put them down to practice. Then when you finally enter society, you will not feel the huge contrast between ideals and reality. Otherwise, you will only suffer failure because of your high ambitions and become negative and painful.
Successful transactions are nothing more than rules and discipline.
Rules and discipline
The essence of the market is nothing more than human behavior, and human behavior is inherently random. In many cases, people's behavior is often triggered by "one thought". The behavior of these people who have "one thought" is random, unpredictable, and random behavior cannot form a definite result.
No one is born suitable for trading, but some people jump out of their comfort zone
In the face of temptation, especially the temptation of money, people will really lose themselves and rationality. From a newbie to a trading veteran, from a firm belief in trading technology to trying to temper their trading mentality, this growth process can basically filter all traders.
You don’t need to trade every day. The purpose of having systems and rules is to allow you to use them when it is most beneficial, rather than letting them control you.
This is not an easy industry to make money. If you want to make money, you must make great efforts, because there is no gift from God and rebirth from Nirvana here.
There is no secret to it. The biggest enemy of traders is their own emotions. The emotions that make us fail actually come from the entanglement of fear and greed.
The secret of success of traders is actually beyond imagination. The practical rule is that if you lose money, just control your losses, and people with outstanding self-control will naturally become winners.
The desire to make a profit is the killer.
When I want to make more money, I get more vigilant. Because I know who my enemy is, it has been written on the face, not fear but greed. Do you know?
Improve your consciousness and reach a higher foothold.
Some problems cannot be solved at the same level, because other new problems will arise in the process of solving this problem, so the problems can only be surpassed and cannot be solved at the level of the problem.
Similarly, some problems in trading cannot be solved at the trading level, which requires a trader to raise himself to a height far beyond the market, so that the original problems will be surpassed.
cannot rely on theoretical learning and knowledge accumulation in this regard.
Because theoretical knowledge is external, it is a dead thing. Wisdom is living, the ability to know, and the subtle and inquantifiable levels of understanding, insight, sensitivity, and overall view. The improvement of these internal comprehensive qualities requires the help of art, music, philosophy, and religion.
Classic Essence Summary - Technology
1. Accumulating chips at the bottom is a very long process, while shipment in the top area is a very rapid stage.
2. Change the stocks during the sharp drop, and the ones that have already been high will be replaced by the strong ones at the bottom today.
3. A very clear feature of the fifth wave of the bull market - junk stocks have seen an astonishing increase.
4. You can only earn the most if you don’t look at the market and make tickets.
5. What is the top? The top is the highest point of the price trend. What exactly is it? The bottom is the lowest point of the price trend. Where to top it, it is in the future. Where is the bottom, the bottom is in the future.
6. Take the momentum in the short term and the long term; look at the volume and financial report in the long term; focus on emotions in the short term and morality in the long term.
market is a multi-dimensional space-time
trading market is actually a multi-dimensional space-time. For a trader:
technical analysis is just a simple one-dimensional, and it is a linear simple outline of factors such as market prices.
trading strategy is the second dimension, which can display transactions in two-dimensional and planar manner.
The third dimension is fund management, which reflects discipline and rigor, making transactions three-dimensional and feasible.
The fourth dimension is trading concepts and psychology, which injects soul into trading to make it full. The time dimension of transactions is hidden in the trading strategy, forming the time frame and cycle of transactions.
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