Because no matter how many 100% outstanding results you have had in the past, if you lose just one 100% now, you will have nothing. The way of trading is to defend an invincible position and attack a winnable enemy.

(This article is compiled by the public account Yuesheng Investment Consulting (yslcw927). It is for reference only and does not constitute operation advice. If you operate by yourself, pay attention to position control and take risks at your own risk.)

Success equals small losses, plus large and small losses Profits, accumulated many times.

It is very simple to avoid big losses. Survival is the first principle. When there is a danger that hinders this principle, all other principles are abandoned. Because no matter how many 100% outstanding results you have had in the past, if you lose just one 100% now, you will have nothing.

The way of trading is to defend an invincible position and attack a winnable enemy. A 50% loss of 1 million becomes 500,000. To increase the value from 500,000 to 1 million, a 100% profit is required. Every success will only make you take a small step. But every time you fail, it will take you a big step backward. It takes an hour to walk from the first floor to the top floor of the Empire State Building. But if you jump from the top of the building, you can return to the bottom in just 30 seconds.

In trading, there will always be things you can't think of that will cause you to lose money. The simplest way to determine whether you need to stop loss is to ask yourself a question: Assuming that you have not established a position yet, are you still willing to buy at this price? If the answer is no, sell immediately without hesitation.

contrarian operation is the beginning of failure. You should not fight the market or try to beat it.

There is no need to be smarter than the market. When the trend of

comes, responds and follows.

When there is no trend, observe and remain silent.

If the stock in your hand suddenly comes with news that shareholders are reducing their holdings, will you wait for the price to rise or sell it immediately? Before discussing, we need to understand two principles: one of the major shareholders holds original shares, and the original shares are far more valuable than the original shares. The cost of the secondary market is much lower, and major shareholders will make money whenever they reduce their holdings; Secondly, the stock price may seem low to you, but it is actually high. This is the case for stocks that keep making new lows. If you look at the stock price, it is low, and then you will look at the high price. Still trapped; Major shareholders know their own stocks best. If it is really the bottom, will the major shareholders reduce their holdings to make money?

The reasons are as follows:

(1) According to the regulations on major shareholder reductions in our securities law, major shareholders will reduce their holdings. If you hold the company's shares, you must make an announcement in advance, and you cannot cut off your holdings first. Major shareholders announce plans to reduce their holdings when the stock price is low. The stock price is currently at a low level. Perhaps the major shareholders' early announcement is to prepare for the reduction of holdings in the next few months. A wave of increases will start in the next few months. It just so happens that major shareholders have announced in advance the opportunity to reduce their holdings. After the stock price rises, they can smoothly cash out at a high level.

(2) Major shareholders are in urgent need of money, so no matter where the stock price is, they can only cash out the stocks to save money; in times of urgency, major shareholders want money rather than chips, and it is a good thing as long as they can cash out successfully; so no matter whether the stock price is high or low , are all in urgent need of cash.

(3) Stocks have potentially bad news. Major shareholders know best about listed companies and the potential risks of the company. Therefore, some major shareholders reduce their positions and cash out before the outbreak of bad news in listed companies to avoid big losses. After the bad news occurred, the market value of the holdings suffered even greater losses. The current stock price seems to be at a low level in the secondary market. After the big bad news appeared, the stock price fell sharply and reached a high level again. The major shareholders ran away in advance;

(4) The major shareholders were not optimistic about the future development of the company, and the company's performance Stocks that have been declining have led to continuous declines in stock prices; while major shareholders have no confidence in the improvement of the company's performance, so they can only find ways to cash out their shares in the secondary market, otherwise the stock price will fall when the company's performance suffers substantial losses. If it falls more, it will reduce its holdings in advance.

In short, no matter what the reason is for a major shareholder to announce a reduction plan, the reduction will only occur if the major shareholder is not optimistic about the company's stock, unless the major shareholder encounters difficulties and urgently needs money. Others are risks brought about by prudent major shareholders reducing their holdings; (don’t tell me about deliberately selling stocks to attract funds, because I am not a gambler). As retail investors, we try to stay away from stocks with major shareholders’ plans to reduce their holdings.

Trading psychology is above the trading method.

Everyone is working hard to study trading methods. Find a boom point. The daily limit and so on, all the losses are gone, but people just like it. Their accounts shrink year after year, and people don’t care. They just love to read, love to study, and they all go astray and lead astray!

Predictions in the stock market are very fun, Gann It is the commanding height of individual ability to accurately predict stock prices. But what's the use? I once studied the predictions of the six lines of Zhouyi, but they were all discarded. There is no other reason, just one sentence: Heaven's secrets can't make you lose weight! Uh!

Why do you care so far? If you take every step well now, you will think that it will be a matter of course.

For example, if you go in with a full position now and the market opens tomorrow and it drops 5%, you say it’s okay, okay, the stock drops another 6%. If it keeps falling, you set a good target point, but if it doesn’t rise, you lose all your money. After that, the stock price drops by 5%. If you rush to the sky like a desperate man and never come back, just cry!

is a trading system with a success rate of about 20% plus fund management and position control. That's the sure way to win. Enter half of the position at the entry point, increase the position by 40% if it rises, and cut off half of the position if it falls by 5%. The so-called small loss and big profit, one profit can last you for a year.

The following introduces a fund management strategy related to overweighting-perhaps it is more appropriate to call it a "survival" fund management strategy, because it contains more than just overweighting.

Assume that there is an account with 100,000 yuan and a short position. Our goal is to make it more than 200,000 yuan (double).

First, divide the funds in this account into 5 parts, each part is called a transaction unit, which means that 20,000 yuan must be invested in each transaction unit.

Then we will go through 7 steps to go from 100,000 to 200,000.

In each step, the stop loss amount is 10% of the total amount invested at that step. If it exceeds 10%, the stop loss will be unconditional. Whether transaction fees are included in this 10% depends on personal preference. My personal suggestion is to include them.

Step 1:

Step 1: Only invest one trading unit - 20,000 yuan. The total capital invested at this time is 20,000 yuan, and the proportion of holdings and is 20,000/100,000=20%.

is scheduled to stop loss at 10% of the invested capital, so the maximum stop loss amount is 2,000 yuan. When the loss exceeds 2,000 yuan, the loss will be stopped unconditionally. At this time, the proportion of stop loss amount to total assets is 2000/100000= 2%.

carefully complete the order of 20,000 yuan. When the profit reaches 20%, that is, after earning 4,000 yuan, you can move to the next step. (At the end of the first step, the total assets have become 104,000, and the profit has been 4% relative to the initial total assets.) If this step does not go smoothly, and the final loss is terminated, there is still more than 90,000 yuan as a backing, you can Re-enter with one trading unit.

The second step:

After we have made a profit in the first step, we start to increase the amount.

now invests in a new trading unit. At this time, the total amount of funds invested in the transaction is 40,000 yuan, and the position ratio is 40,000/104,000=38.46%. The maximum stop loss amount is 4000, which accounts for 4000/104000=3.85% of the total assets. If the loss exceeds this value, the loss will still be stopped unconditionally.

Note that we have already made a profit of 4,000 yuan in the first step. As long as we strictly stop the loss, the original capital will hardly be damaged. When this operation makes another 20% profit, that is, 40000×20%=8000, you can enter step 3. (At the end of step 2, the total assets have become 112,000, and the profit has been 12% relative to the initial total assets)

What needs to be emphasized here is that if a stop loss occurs during the operation in step 2, the total assets will If it falls below 104,000 at the end of step 1, you must return to step 1 and invest only one trading unit until the total assets return to above 104,000, and then proceed to step 2 again.

Step 3:

If step 2 goes well, now we continue to add another trading unit to

. The total amount of funds invested has reached 60,000 yuan, and the position ratio is 60,000/112,000= 53.57%. The maximum stop loss amount of

is 6000, which accounts for 6000/112000=5.36% of the total assets.

Note that in step 2 we made a profit of 8,000, and after the first two steps are completed, the total profit has reached 12,000. As long as the loss is strictly stopped, the loss of 6,000 will not have any impact on the original capital.

When this operation makes another 20% profit, that is, 60000×20%=12000, you can enter step 4. (At the end of step 3, the total assets became 124,000, which is a profit of 24% relative to the initial total assets)

is the same as what was reminded in step 2. When there is a loss in step 3, if the total assets of the account fall back to 104,000 -112000, return to step 2, and the position amount is reduced to two trading units;

If the stop loss is not determined or other unexpected situations occur, the loss is serious and falls below 104000, you can only return to step 1 and start again. .

Step 4, 5, 6, 7:

invests 4 units, a total of 80,000, the position ratio is 80,000/124,000=64.52%, the maximum stop loss is 8,000, accounting for 6.45% of the total assets, and you can enter the second step after making a profit of 20%=16,000. 5 steps. (At the end of step 4, the total assets are 140,000, and the profit is 40%)

invests 5 units, a total of 100,000, the position ratio is 100,000/140000=71.43%, the maximum stop loss is 10,000, accounting for 7.14% of the total assets, and the profit is 20%= After 20,000, you can enter step 6. (At the end of step 5, the total assets are 160,000, and the profit is 60%)

invests 6 units, a total of 120,000, the position ratio is 120,000/160,000=75%, the maximum stop loss is 12,000, accounting for 7.5% of the total assets, and the profit is 20%= After 24000, you can enter step 7. (At the end of step 6, the total assets are 184,000, and the profit is 84%)

invested 7 units, a total of 140,000, the position ratio is 140000/184000=76.09%, the maximum stop loss is 14,000, accounting for 7.61% of the total assets, and the profit is 20%= 28,000.... At this point, our total assets have become 212,000. At this time, we have made a profit of 112% and doubled our funds.

memorize " Immortal Guidance ", the most profitable strategy

Immortal Guidance basic graphics in terms of single-day stock price K line: Immortal Guidance = inverted hammer head = shooting star

Immortal Guidance K line, just K line Judging from the basic shape of the line, the stock price opened all the way up that day, but after the stock price rose, the stock price began to fall during the session, and finally closed with a K-line with a long upper shadow line. This K line can be a positive line or a negative line , but the physical part of the K line is relatively short.

Immortal guidance and judgment skills

1. Look at the graphics, the top is long and the bottom is short, and the volume is small Yang. The upper shadow line is long and the lower shadow line is short, which is the basic form of immortal guidance. However, under normal circumstances, the closing of the small positive line is stronger than the closing of the small negative line, which proves that the power of the long side is not completely overwhelmed by the short side. And if it is a small positive line with a long upper shadow line, the trading volume needs to be appropriately heavy.

The more ideal way to increase the volume is for the stock price to pull out a long upper shadow line driven by the gradually enlarging trading volume. If a very small number of transactions drive up the stock price, and then immediately fall back in a short period of time, this kind of multi-party force disappears overnight, and it is difficult for us to infer that the main multi-party forces in the future market have the ability to continue to attack and drive up the stock price.

2, the relationship between the stock price and the market , in the early stage of the rise, is stronger than the market. The Immortal Guidance K-line that appears at the early stage of the rise shortly after the stock price starts is better than the Immortal Guidance K-line that appears at a high stock price. It is not difficult to understand that there is more room for continued rise in the future if the stock price appears at a low level. And the fairy guidance that appears when the stock price is relatively high may become a shooting star, reversing downward, and the risk is relatively high.

hopes that the stock price will have a breakthrough rise after the Immortal Guidance K-line, so whether this stock is a strong stock has become a prerequisite. Superimposing the market line, if the Immortal Guidance K-line appears on that day, although the stock price will fall back in late trading, the overall performance will still be stronger than the market. This kind of fairy guide is more likely to have a strong rise in stock prices in the future.

3, after the Immortal Guidance K line, the Yang line opened higher the next day and went up. If the Immortal Guidance K-line is established, the late fall of the K-line on that day may be just a test before the main attack of many parties, and then the possibility of closing the Yang line on the next day is very high. If the K-line trend on the second day can rise within 15 minutes of the opening, or directly open higher and move higher, it will show a very strong intention to attack. Then, after the immortal shows the way, the probability that the stock price will move out of the Changyang line will increase the next day, and it is also more likely that the stock price will gap up and accelerate in the future market.

The Immortal Guidance Risk Prevention

Method 1 : When participating in the Immortal Guidance graphic, we are looking forward to breakthrough growth later.Therefore, if there is a negative line the next day, you should be cautious. If there is a negative line for two consecutive days and the center of gravity of the stock price begins to shift downward, you can consider a timely stop loss.

Method 2 : If individual stocks have previously climbed along the 10-day and 20-day moving averages, then when the stock price falls below the 10-day and 20-day moving averages, you can consider a timely stop loss.

Method three : Set a stop loss position 3% to 5% below the purchase price. Once the position is broken, you can consider stopping the loss to avoid too serious losses.

Immortal guidance stock selection formula

MMA5:=MA(CLOSE,5);

MMA20:=MA(CLOSE,20);

MACD:="MACD.MACD" ;

W1:=STICKLINE(MACD0,MACD,0,3,1 ) ;

W2:=STICKLINE(MACD0,MACD,0,3,1) ;

VA1:=HHVBARS(MACD,BARSLAST(MACD0)+1);

VAR1:=100*EMA(EMA((C-REF(C,1 )),6),6)/EMA(EMA(ABS((C-REF(C,1))),6),6);

V2:=(HHV(C,20)-LLV(C,20) )/C*100;

MV2:=MA((HHV(C,20)-LLV(C,20))/C*100,6);

HH:=(H-C)/(C-O)1.1;

XG1:= LLV (VAR1,2)=LLV(VAR1,7) ANDCOUNT(VAR10,2) AND CROSS(VAR1,MA(VAR1,2));

JJ:="KDJ.J";

TJ:=COUNT(JJ-8,4 )=1 ANDJJREF(JJ,1) AND REF(JJ,1)REF(JJ,2) ;

XG:XG1 AND TJ;

Copying the formula code will inevitably cause some format errors. If it cannot be imported successfully, you can ask me to get the source code. !

If you want to know more about the operating techniques and formula codes of the current A-share stage, or if you have any doubts, you can follow the public account Yuesheng Investment Consulting (yslcw927). More market outlook operations and stock technical analysis methods are waiting for you to learn, and there is a constant supply of useful information. !

In the speculative market, the most important, most easily overlooked, and most difficult to truly achieve is "trading discipline"!

Why is trading discipline the most important? Because trading discipline is the basic guarantee for survival in the market: for traders, trading discipline is like the brakes of a car, the parachute of a pilot, and the lifeboat of a seagoing ship. It can enable you to control risks and save your life at critical moments; for traders, trading Discipline is still the real regulator, allowing you to strictly implement your trading plan and avoid being confused by the dazzling daytime clutter and trading emotionally.

Why is trading discipline most easily ignored? This is due to the psychological misunderstanding caused by the superficial characteristics of spread income: the premise of acquiring spread income is the consistency of position direction and price trend changes. Therefore, people certainly think that prediction of future price trends is the most important thing in trading. It is the most important or even the only link, so people naturally focus most or even all of their attention on the prediction of future price trends. As everyone knows, prediction is essentially a game of probability. Excellent predictions can indeed Greatly improves the chance of winning, but I have indeed seen traders who predicted correctly nine times out of ten but ended up losing money. The reason for their losses was that they did not have the trading discipline to control the risk of the losing trade. We also often see some "say The main reason for people who are good or bad is that issues such as "trading psychology" including trading discipline have not been completely solved.

Why is trading discipline the most difficult to truly achieve? Because trading discipline often contradicts human nature: it is human nature to pursue personal subjective wishes, act according to personal emotions, and not be willing to be bound; subconsciously, you believe that your own personal ingenuity can do things that others cannot, and can do It is also human nature to be inherently arrogant about things that are disciplinary for others or always take chances with one's own trading behavior; only consider the good side when doing things, and are instinctively unwilling to admit or examine the negative side. The "ostrich psychology" can indeed make people obtain psychological pleasure or psychological anesthesia; some random characteristics of short-term market fluctuations make the execution of trading discipline seem to lose some "market opportunities", and the superficial phenomenon is indeed enough to confuse people and even "regret" ", as everyone knows, "trading discipline" is the most important magic weapon for traders.

A nation that lacks basic moral standards and codes of conduct must be a nation that has no cohesion, no combat effectiveness, and is in disarray; a company with few disciplines must be a company with low internal management levels and cannot sustain profits; a company that has no respect for basic " A practitioner who cannot abide by "precepts" will definitely not be able to experience the happiness of "concentration" and the joy of "wisdom"; a trader who ignores "trading discipline" and cannot abide by "trading discipline" will definitely not be able to maintain stability. Make money in the market!

Trading discipline can enable us to ensure that we do not conduct transactions with extreme risks; "Trading discipline" can prevent us from sinking into unfavorable transactions and being unable to extricate ourselves; Trading discipline can enable us to truly implement our trading plan and truly achieve "knowledge and action" 1. "Trading discipline" can enable us to trade with a more peaceful mind, thereby having better trading psychology and therefore better judgment and market feeling... "Trading discipline" is the key to traders' survival in the speculative market. The foundation and the guarantee of sustained and stable profits.

As a professional speculator, we must let trading discipline enter our blood, penetrate our bone marrow, and become a part of our life. In this way, facing the ebb and flow of the market, we can watch and smile without fear.

Statement: This content is provided by Yuesheng Investment Consulting, which does not mean that Investment Express endorses its investment views