David Kate is the most well-known financial futures expert in the UK. At the age of 24, he established his own trading company, which owns only £25,000 of capital. At the age of 36, he was already the chairman of Kate Group and Kate Company, earning millions of pounds every year. Kate also serves as a director on London International Financial Futures Exchange .
More than ten years ago, David Kate was interested in stock at the age of 16. In the economics class in middle school, there is a lesson on the London Stock Exchange. At that time, there was no futures exchange in London, and this market seemed to be able to make money easily, which made him very interested.
David Kate worked in an accounting company after graduating from junior high school. A year later, he felt that he was not competent for that job. Therefore, he once again looked for opportunities, and in 1979, he worked as an ordinary employee in , a securities company. The company is called Smith Brothers and has now been merged into Merrill Lynch . David Kate, a fighting young man, wanted to enter the stock market, but his wish was rejected. Three months later, he went to an securities brokerage company called Kilber Elliott. They gave Kate a chance, and in January 1980, Kate became a brokerage assistant on the stock exchange. He has been doing this job and later became a broker on on stock exchange and finally an on-site trader.
Two and a half years later, when he heard that Lunruan International Financial Futures Exchange was going to turn against him, he tried to persuade the company's partners to buy a seat, but these people were indifferent. One day, I saw an advertisement on " Financial Times ": The London International Financial Futures Exchange recruited a trader. David Kate was very interested in this, so he went to apply for a job and got a 50% better job than the securities broker . In September 1982, he joined the industry, initially to accumulate experience, and then worked as a broker on a futures exchange to help customers match transactions and try to get business.
David Kate became an independent trader in 1985, but since he did not have enough funds to trade every year, he did not have enough funds to trade. He only has £25,000 in his hands now, and he still needs the money to make a deal. So, he made a deal with his previous company, and he helped them work as a broker at a lower rate in exchange for a low price to provide him with an trading seat .
David Kate quickly founded the Kate Group. Currently, there are more than 100 traders in Kate, and its performance is quite considerable. They focus on long-term bonds such as 10-year bond , UK bonds and German bonds.
Below are some of David Kate’s views on trading. I hope it can provide you with some help.
enjoy it. The premise for successful trading.
David Kate said: "You are very good because you like to trade; you like to do business, so you are amazing. .
David Kate's passion for work involves two aspects: work content and employment form. Most people don't like their jobs because they can't be their bosses and can't benefit from hard work. In Kate's view, it's a perfect combination, but it's not his luck, but a careful arrangement, Shaw said: "You have to be careful to get what you want, or you have to love what you get." " Christopher said. Morrie also said the same thing: "There is only one success, that is to live the way you do. "
Although he is very enthusiastic about work, David Kate also has the ability to "cut off". He believes that "stop in time" is crucial. Those who are keen on work often indulge in it excessively and eventually exhaust themselves. This danger can only be avoided by allowing their physical and mental rest. But it should be noted that traders may be dissatisfied with their work and work style. They may persuade themselves to stop for a while, but in fact, this is avoiding things they hate.
David Kate believes that a good trader should "stop in time" in daily trading. If they are unwilling to continue doing business, then someone will take advantage of the situation. They didn't mean it, they were just instinct. Because the transaction is not going well, you will naturally think that other traders are opposing you. Moreover, if you want to fully relax your body and spirit, you must pause and make yourself better.
Give full play to your luck and seize the opportunity to make a profit
David Kate believes that those top traders will use all their good luck on them. If a perfect agreement is reached, they will not give up easily. That is when you buy strongly in the market. They will be willing to develop their leisure and accelerate with confidence.
He believes that some traders in market conditions will have bad luck. In a sense, the problem is that you have to create good luck yourself. If you enter the market near the lowest point in the market, then you can easily take a good position. If the German Treasury bond falls to a low of 47, he will buy at 50, which is pure luck. So, you should take your good luck to the extreme, from 50 to 60, 70, or even 80. This is called " speculator ", and it is also the difference between a super trader and a normal trader. If you are lucky enough to build a position in a good position, you should make the most of it and get every penny you can. You can't just sit and wait for luck, but you have to develop a feeling in order to understand the possible future development.
If you buy at 10 yuan and the price rises to 20 yuan, you may leave, or say, "This market is rising too fast. I will sell half of it first, and the other half's target is 30 yuan." Sometimes you will say, "I leave at 20 yuan. If the market rises to 30 yuan, let others make a profit."
people who do short-term see small benefits. Of course, this does not mean that they are the worst traders, because that's how they are. Some people can only see the next step from this step, while others can see the next step from this step. This is a skill that cannot be taught. Generally speaking, this function exists in your system, or is not available at all. David Kate holds the ideal deal, he will not sell in one deal. He will divide it into several parts based on his judgment of future profits. It is in this way that David Kate can maximize his luck and seize the best opportunity.
If a trader buys at 15 yuan, then the previous goal is 20 yuan. If the price soars to 20 yuan the next day, he may add another one to 20 yuan, and the daily price will be adjusted to 30 yuan. People who do business must be fast, flexible and decisive, and they cannot chew too much. Of course, this means that David Kate will invest a large amount of money into a single transaction. He does not follow diversified investment rules and does not set the highest proportion of a single transaction (usually, the funds per transaction cannot exceed 5%-10%). In David Kate's view, there is no rule at all. If one trade is right, the super trader will seize the opportunity without hesitation.
Profit and responsiveness are essential traits for super traders
David Kate believes that the most important quality of an excellent trader can be summarized in two words: profit. The higher the profit, the better the trader is. There is no great trader to make money. As for cricket , good athletes are all international athletes. An athlete in a county may be good, but he is not an amazing person either. Excellent athletes should be the same as Baby. Ross and Dimacho are both the best players. Any other indicators besides profitability are useless. Making money is the core of this game.
David Kate said: "Babe Ross has a higher attainment in pitching, Demacho has a higher attainment in hitting, and many have excellent skills but cannot shine in major competitions."And in the big market, you will encounter a major opportunity. This is what you want to do. Performance depends on how much you can earn. There are many excellent technical analysts, but they are not good traders. You tell them that there is a good opportunity and then enter immediately, but they just can't. They know how to fight, but they can't shoot.
David Kate also demonstrates a quality of success, that is motivation. He focuses on decision-making and straightforwardness. Traders must be determined, adaptable, and have an open mind and are willing to revaluate their positions at any time. Just as leaders must have the courage, business people must also have the courage to own large positions.
Self-discipline and concentration can make up for the lack of talent
David Kate believes that super traders are born with them and they have many characteristics that cannot be imitated. That being said, there is no hope for ordinary traders. He admits that experience can increase trading skills, and concentration and enthusiasm can also help players. Even if you don’t have any special talents, David Kate will not let you pack up immediately. You can develop a self-discipline trading spirit. With self-control and a set of rules, you will have confidence and will eventually succeed.
There are many excellent traders in the market, but you can't really change yourself. Of course, experience is indispensable. If something similar happens again, you can seize this opportunity immediately. However, something similar may not happen in a few years. In short, you should have some talent. Although some traders do well and make a fortune, they cannot become real experts because they lack sufficient strength.
Everyone reacts very quickly, which is the most important thing. They dare not put all their bets on themselves, even with the smallest interests, they are satisfied. But there are also some people who are willing to risk their lives and risk their lives. Take risks. Some people are brave but don’t have any outstanding traders, so their money is quickly spent.
must have the self-discipline of executing trading systems
David Kate believes that professionals will not become losers in life in terms of how to deal with losses and failures, but in life winners. Winners have more experience in dealing with failures because they can always cheer up and continually defeat them.
David Kate said: “I am an expert in losing money, and few people can lose money like me. For me, the fun of making money is far less than the frustration caused by losses. I think I should make some money, but if I lose my self-control, I'm irritated. "
David Kate is an excellent trader who is confident in his success. As Emerson said, "Confidence is the primary secret to success. "David Kate admitted that he felt that he should make some money, so he felt pain. His success and he had great confidence in his success.
David Kate believed that in general, there should be enough liquidity. Of course, this money does not have to exist in a trading account, but it should be used at any time. Many people spend money like flowing water, but when the transaction is not satisfactory, the problem arises.
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