In many trading forums, the online name "553" was well known to everyone. Some people jokingly called him Mr. Lu, while others affectionately called him Third Brother. “553”’s impressive achievements over the years have established its unshakable position in the market.
The legendary "553"
553 graduated from Sichuan University and later worked in a bank. Although the job in the bank was stable, it was difficult to get prosperous. Later, I accidentally learned about futures through online forums, so I started trading part-time.
After the 2008 crash, there was a retaliatory rebound in 2009, and the domestic futures market entered a period of prosperity. At that time, traders’ fees in Zhengzhou were very cheap, and the general exchange fee was 2 cents and 1 cents. That kind of level, and his was the kind that added 1 yuan and 2 yuan. After he worked part-time for almost a year, he felt that it was almost enough, so he started to quit his job and packed his bags to come to Zhengzhou.
2009 was a good year, and many speculators broke out. At that time, it was not a problem to buy tens of thousands of dollars a day for future apartments. In that era, 553 made millions.
At the end of 2010, under the instruction of the China Securities Regulatory Commission, the exchange began to implement a bilateral handling fee policy and also canceled the refund. At the beginning, everyone did not take it seriously, but soon, people began to die, and many people originally People who make tens of thousands start to lose tens of thousands every day. Don’t look at millions and tens of millions, which sounds like a lot, but the real losses start very quickly. In 2010 or 11, the speculators were eliminated. After that, I really never saw it again. Faced with this situation, 553 could not escape disaster. At the end of 2011, it lost more than 10 million yuan to hundreds of thousands, and only one car was left. When people lose money or are in trouble, they always like to find a place to recharge their batteries. 553 went to Sichuan, intending to achieve enlightenment in Sichuan.
In 2012, he borrowed 100,000 from a friend and started to work again. Before leaving the mountain, he went to Yunnan and stayed with a big boss for about half a year. In 10 years, the big boss made cotton. Going from hundreds of thousands to more than 40 million was an unimaginable space for speculators at the time.
After systematic study and understanding of the market, 553 returned to Zhengzhou and caught up with the launch of glass. In a large unilateral falling market, that year, he realized the success of glass. The first breakthrough was a counterattack. At that time, there would be a big speculator in each product, which contributed a lot of liquidity and made a lot of spreads. When the glass fell to the bottom, it began to consolidate. When there was no quantity, 553 gave up glass and went to Dalian to work on the newly launched iron ore mine. So 553 became what everyone calls the No. 1 glass brother and the No. 1 iron ore brother, and has established its status in the world since then.
To do futures, as long as you are willing to learn and be taught, it is easy to make hundreds or tens of millions from a young age. Many people can do it, but it is not that easy to make over 100 million. There are A big problem may not only be a technical problem. There are more people with excellent technology. However, those who can do big things often have something other than technology. Those who make a lot of money. , especially those of 553, whose skills may lie outside the market. 553 has maintained a simple life, focused and pure. Understand the transaction more simply and look beyond the logic. During the period of retreat in Sichuan, 553 was not only thinking about the short-term, but also thinking more about the short-term. That is, if I want to do this market, I have to think as much as possible. Apart from this market, what is the current short-term trend, what is the mid-term trend, and what is the long-term trend.
People's desires will expand with the material possessions they have, and 553 has still maintained a pure state of life from the beginning to now, with very little self-respect, living like he just came out of school. Like a commoner boy, pure and natural.
Money is different from money
For 553, money in life is money and banknotes. He cherishes it very much and basically does not spend any money. He once spent a night playing In Doudizhu, you can still go to the cafeteria to buy some steamed buns to eat in the morning. You don’t even need the food and basically don’t bring any money. The accommodation is also very simple.
However, the money in the account is not money. In Pu Xiaowei's words, 553 did not treat the money in the account as money from the beginning, but as game currency and happy beans, so it worked hard and dared to resist. That's what I'm talking about. How much you dare to lose can only be said to be how much you earn. The profits and losses all come from the same source. If you want to lose a few thousand and earn millions, God will not allow it. So I heard that 553 loses hundreds or tens of millions. It doesn't matter at all, because he can earn more, but if the money in the account is regarded as money, it will be difficult to go too far.
No one is a sage. When faced with money, who can withstand the temptation? For example, if you hold a position and look at the profit and loss, and treat the money in your account as money, how is it possible to hold the order? When the account is hundreds of thousands , when the floating profit and loss are ten thousand or twenty thousand, you will want to withdraw ten thousand and the computer is gone, and five thousand and the mobile phone is gone. However, what if there is more money in the account? If five hundred If an account worth tens of thousands is withdrawn, what about hundreds of thousands or even millions? Who can resist it? Only those who treat money as money can break through the fetters of technology and break through the bottleneck of single volume.
People who see the general direction clearly are often the ones who make the most money
One of the biggest sorrows in the short-term era is the handling fee policy. As we all know, a large part of the profits of speculators depend on Exchange fee refund. What should I do as a speculator if there is no refund of handling fees?
553 began to think deeply at that time. After all, after making a transaction, he was unwilling to do many other things. However, if he did not have the ability to resist risks, especially policy risks, then if he did not have the ability to resist risks in the future, Can you survive the situation of cutting leeks? The first thing that comes to mind for 553 is whether you can look at the bigger market. If you want to participate in this market, what is the current small direction? What is the Chinese direction? What is the general direction? 553 began to study very deeply. Before that, he systematically studied and read materials for the first time. Because I wanted to learn short-term skills earlier, I could find very few people and information. Moreover, learning this thing must be systematic and not fragmented. Just like on the Internet, all kinds of experts can see it. However, you can’t listen to this sentence. Principles are accumulated, no matter how reasonable the sentence is, no matter how much they are accumulated, they are just fragments and cannot make anything happen. If they are not systematic, they are just building a tower on the sand.
What is the biggest similarity between glass in 2013 and iron ore in 2014? Handling fees are only one aspect. The key is that these two waves of market are both unilateral. In 2014, 553 went to Rizhao Port to inspect iron ore, and in early 2015, he also went to Guangxi to investigate white sugar. Let's make a hypothesis, if you are a speculator, you earn spreads, and you don't understand the general direction, do you dare to take orders? But people who are familiar with 553 know that he often takes orders, and he takes orders overnight. This kind of thing He often does it. The bigger the stop loss can be, the bigger the profit can be. But the core lies in being able to follow the trend, how to find the market, and how to follow the trend. This is ability. Later, there were also speculators who transformed, but those People who can see the general direction clearly are often the ones who make the most money.
"553" explains futures technology
Preface to 553: The essence of futures is gambling. If you can, don't get involved. For the convenience of expression, what I say below has two premises: 1 , What I said is not necessarily correct, and I personally think that many of the views on futures are not right or wrong. Many of what I said are just my personal opinions. If you copy them to others, it is probably easy to liquidate your position; 2. Too many places to express To be perfect requires too many attributives, etc. I usually directly use the affirmative tone of the first person Chen. I really don’t have the energy to think of such precise expressions. In other words, many of the things I state are my subjective opinions. I Futures mentioned in many places refer specifically to speculation.
Many people are often concerned about two parts of futures trading: technology and mentality.
What is the technology of futures trading?
The so-called speculation technique, for example, when 3002:3003, chase after 3003 when it is about to break through. After 3003 is completed, due to the large number of orders in an instant, 3003 will pile up a lot of buy orders. At this time, you hang up 3004, when 3004 is traded, you make a point. When the momentum is not right, 3003 closes the position. At this time, you have no loss. This is the technique of speculating.
In other words, this is my technique for making 80/90 or even 100 futures. I also think it is the only technique for futures. This development is too complicated, and I will write an article to explain it in depth in the future. Some friends think this thinking is a bit nonsense. I will have the opportunity to expand it a little in the future. Everyone knows that the above description is an ideal situation. Now join the short selling strategy. If you are short, obviously, you should go short when 3003 is about to break, that is to say, and The only technique I mentioned for speculating is just doing it in reverse, and the core is still that technique. The idea behind the technical support of speculating is that you don’t have to take risks and make money, which means that without handling fees, the above things are true. Facts have proved that when the handling fees are low enough, friends who speculate will have a high probability. When making money, above a certain handling fee, there is a high probability that we will lose money. In other words, when we make money, it is just that the country has given us a way to make money that is close to not taking risks. In this sense, the existence of speculation It’s all about enjoying the country’s policy dividends, and it really has little to do with personal talent and hard work. No matter how great your talent and hard work are, how many people can make a profit if the handling fee is increased by 3 times and 5 times from the current level? Why can't we mention which level? Therefore, we must thank the country and fate. This is the technology and concept of speculating.
Why do I think there is only one technology for futures that is a price breakthrough? Let me explain this, including recursion and gambling, and introduce some of my basic views to avoid many friends always spreading rumors. The reason why I call futures technology Achieving breakthroughs does not mean that doing futures means chasing breakthroughs. Most of the concept is gambling on life. In fact, it is to be able to state futures as objectively as possible.
For example, when 3000 is about to break through and there are 10 pictures left, you follow in. This should be the most primitive approach. When your funds are probably 3000 and there are 500 pictures left, you take pictures. And some so-called Large funds may start buying from 2995. Some people may sweep 2995-3005 all at once. Further large funds may draw a few lines. What is the key price of 3000, or 2990-3000 is a range. Building a position here, I don’t know how far I have come. Do you understand the meaning of recursion? Those complex technologies are just about making some articles based on the breakthrough of the price of 3000, based on funds and other conditions. , so the core is still the breakthrough of 3000. Some so-called market control is nothing more than guiding everyone to buy 3000. Those so-called market control techniques are not correct, so sometimes it is very confusing.
Short selling is also similar. The core is basically a breakthrough in price. It is just a matter of doing it forward and backward, /- at what price. These are all based on experience, strength, or in other words, you start from the most Basically, buy it at 2998, and wait for others to buy it at 3000. You will earn 2 points more than the original one.
For another example, if you advance to the next level and place tens of thousands of orders in 2998, and then the purchase price goes up (if successful), you may feel that you have learned skills again at that moment, but in fact there is no skill at all. Because the essence of what you are doing is to chase after the price breakthrough of 3,000. You just have some more routines, and the reason why these routines are not called techniques is because they are often wrong and not very sure.
Stop loss is similar. At the beginning, the stop loss is 3,000 original price. Later, it may be a few points, a range, or even lower to cut a little, come up to make up a little, etc. You stop the loss around the original price. Depending on the situation, use a kind of expansion based on your situation. These expansions are also wrong. Do you think those little tricks are the core of technology?
Therefore, the core of technology is open to the public. You don’t have to talk about technology all day long. The technology we come into contact with is nothing more than a person’s ability to cooperate with the market based on his funds and personality. , it’s just a few more tricks, they might not work tomorrow. Therefore, the core of learning technology is to focus on price breakthroughs, combine your own personality and funds, etc., and think logically and orderly, and then you’re done. When your capital grows, you will naturally look down on small money, and you will naturally be able to afford to lose small money. Your situation will naturally gradually grow.
The concept of betting on life is even simpler. There is only 0 handling fee and the original price stop loss is cost-free and huge profits. Therefore, speculation is a concept independent of futures, because it is a pseudo-zero cost, while other methods It’s nothing more than losing money and losing money. Do you think it’s a golden rule to stop your loss with a sum of 5 funds? Don’t you see, many big guys in Shanghai, Jiangsu and Zhejiang allocate their capital, and then continue to allocate funds. If they lose, they run away and jump off the building, so , it’s just a different outlook on life. What I hate the most is that many people often tell me, if you honestly earn 5,000/10,000 a day, isn’t your life very happy? In other words, the losses you bear will most likely determine your short-term achievements (if successful). If you don’t gamble, you can probably reach a higher level by accumulating time in 10 years. For example, if you can control 1 million now, you If you do it slowly, there is a high probability that you will be able to control 10 million in 10 years. Therefore, when the technology and concepts are so cruel and simple, the method I recommend for doing futures is over-the-counter fund management. On-site management is based on your own personality and ability. Work hard on things, learning on the field is really meaningless. I am very opposed to learning technology. I can only extend my technology and concepts to this step.
Self-narration of difficult times: 10,000 pieces of piecing together
Things in the world are impermanent, and perhaps all chance encounters are destined. People never know what will change their destiny.
I remember that at the beginning of 2008, my credit cards (debit cards) from Bank of China, Bank of Communications, and Shanghai Pudong Development were all overdrawn, and they were in arrears for many months. I had lost my mind. I continued to apply for credit cards (debit cards) from Hua Xia, Industrial and Commercial Bank of China, China Construction Bank, Everbright, etc. Unfortunately, a month or two passed and I was rejected. After all, I was already on the blacklist and I could no longer find a way to raise money. During the Spring Festival, the store issued one or two Wal-Mart shopping cards. When I was bored, I thought that I haven’t been to the city center for a long time, so I went to use the shopping card. After all, I have to buy it during the Chinese New Year. A little something. After checking out, I found a promotion for Shenzhen Development Bank’s credit card (debit card) in the corner. With the attitude of giving it a try, I filled out another form. This may be my fate. One month later, I got a limit of 8,000. , compared with the credit cards (debit cards) that many young people apply for nowadays, which cost tens of thousands to tens of thousands, the limit in that era was relatively low, and I was already on the blacklist. This 8,000 limit saved me. I just withdraw cash and live my life like this. On May Day, the bank gives out holiday expenses, and the department also gives out some bonuses for holiday expenses. I have about six to seven thousand yuan on hand, and I still have to withdraw cash and pay back the card on the day when I need to pay back the money. . I still found the one I usually go to, but I can’t remember many details. I remember whether the rate at that time was 1 or 1.5, because I had to withdraw cash and exchange it for other cards, then withdraw it and pay it back, and then withdraw it again. Two or three cards. Because I have withdrawn cash there several times, I am considered a regular customer, and the wife of the boss is not that nervous. As a result, when the money came out of the last card, I was supposed to be given five or six thousand, and the wife of the boss was I had about 15,000 in hand, but after the boss lady counted the money, she handed it to me. As soon as I took it in my hand, my heart beat faster. When I joined the industry in 2005, I was an expert at counting money as a new banker, although I had never worked at the counter. , but every year the bank has to have training and so on, I still have the basic skills. The moment I took it, I knew the amount was wrong. Five or six thousand yuan should not be so thick. I have bought things many times over the years, and others Everyone asked me for more money, and I gave it to others myself. But at that time, I was so poor that I had no moral character to speak of. I said a few polite words and went out. I closed the door to the landlady. I didn’t even use the elevator. Since 6 I ran straight downstairs and out of the community. I walked quickly for more than 10 minutes. During those 10 minutes, my heartbeat kept beating very hard. I knew that there was a high probability that she gave the wrong money, so I found a quiet place. After counting the places, I was indeed given about 3,000 yuan more. I can’t remember the exact amount, but it should be 2 stacks of money. The lady boss gave me the wrong stack of money, and she gave me the stack of money that she originally wanted to keep. That evening, while having dinner, I thought about it and couldn't resist the temptation, so I decided to take the money. Later, the cashier called me, but I didn't acknowledge it.
I personally think that money is one thing, but more importantly, I feel that after two or three years of bad luck, I finally got lucky. It’s really a strange feeling, that there is nothing good about it in the long run. Many people may not be able to understand the powerlessness of what happened to me. I feel that my luck has finally improved a little bit. After so many years, it is rare for a good thing to happen. In this way, I added the quarterly bonus, holiday fee, and cash withdrawal of more than 3,000 yuan that the boss lady gave me by mistake. That was also the last time I withdraw cash. I finally collected enough 10,000 yuan in the account, in May 2008 After that, the 10,000 yuan went fast until today. Later, Shenzhen Development Bank changed its name to Ping An Bank. Her credit card (debit card) was the last card I canceled, and it was kept idle for 2 years. I paid off the other cards and canceled them after I had money. If I hadn't met the SDB credit card solicitor at Wal-Mart, if I hadn't been given thousands of dollars more when I tried to withdraw cash...it's a pity that life is a one-way street after all, there are no ifs.
Speculation is the best combination of profit and rest
When chatting with a trader, talking about courage, I said that I might not have the courage back then. After all, I have been really poor, and I am very afraid of becoming poor. She suddenly said that she was more courageous and passionate now, and she said that she had never been truly poor. I suddenly felt very sad. Many words were like that. I just said them casually, thinking it was a joke. After a few seconds after I said it, I felt inexplicably sad... I have been really poor, and I am very afraid of being poor again. I have been really poor. If there is an afterlife and if the life opportunities are similar, I still hope to do futures, because after all, I have earned money from it that I think I cannot earn in other industries. Of course, this money may be more than It’s not as good as many second-generation people’s words and notes, but what Bai Yansong said that day was right: We may not be as good as many second-generation people if we work hard, but we can eventually change our own destiny (roughly the meaning). We work so hard to make money, but we are really not as good as many big crocodiles, the second generation. But if we don’t work hard, our lives will be much worse than now.
In these years, I have not recruited any friends or relatives to join the industry, nor have I recruited any newbies to join the industry. I know that many of my speculator friends form cliques, and they engage in futures trading with relatives and friends. In reality, there are indeed many such family gangs that are profitable!
I hate futures extremely. There are thousands of roads leading to Rome, and there are also thousands of ways to make money in futures. The one I took is just one of the millions. And to this day, a core feeling is that I rely on government dividends. , I just made some money by working hard. In real futures trading, I did not move forward. I just relied on low handling fees and a little bit, and I picked up the mistakes of the era. Maybe the money I earned was more than many There are many traders, but my futures thinking is much worse than theirs. If there is an afterlife, I will still choose futures, and I will still choose to speculate. I feel that my current body is a result of the trend that I have accelerated over the years. If I had not thought about being a trend, my health would be much better. This may have something to do with technique and character. After so many years, I probably know that when it comes to simple speculation, no matter how small or large it is, after all, it ends on the same day, and even if you do night trading, you really don’t have to stay up all night so hard. Trend making is different. It’s really physically and mentally exhausting. You have to stay up late, especially now that there’s night market trading. I think most people who make trends stay up late, and stay up late at least two or three hours longer than speculators. If things go on like this, everyone will collapse. .
How can this be avoided? The core point is to make it small enough. If you are small, you don’t want to watch the night market. In other words, if you are small, you won’t be too lazy to watch the market tomorrow.
There is a contradiction in this. The reason why people who are trending are tired is not because they are tired of holding positions, but also because they want to increase or decrease positions. In other words, the reason why people who are trending are tired is that we always want to add positions, and only by adding positions can we Can become rich! I don’t know how many people can feel the way I express it. In other words, the first step in making a trend is to be able to withstand the impact of large enough fluctuations on people every day. But this is just the introduction. The next step is to bear this fluctuation. You don’t want to increase or decrease your position. In that case, your position will be very small compared to your net worth. This is also why most of the successful retail traders and the secrets of futures that everyone talks about are more or less gambling. nature.
Let’s put it this way, we do futures to make big money, so the position will not be very small. In that case, there will be large fluctuations every day. You can bear losses, but in the face of large fluctuations, you still have to make certain entries and exits, or in other words, you must keep an eye on the market! Many people think that trend traders are very relaxed, because the ratio between their positions and their net worth is really small, so the meaning of doing futures is not very big! This involves one reason why most institutional investors do it relatively easily, because the positions of institutional investors have nothing to do with their own net worth.
For example, many institutional platform investors with a net worth of millions may control tens of millions of funds. For them, small fluctuations in their accounts are matched by violent fluctuations in their hearts, so these investments Investors can often embark on a relatively normal investment psychology and path. For individual retail investors, there is a complete mismatch between small fluctuations in their accounts and violent fluctuations in their hearts! Therefore, this type of investor is very gambling! For example, an institutional trader with a net worth of 100 million may only have a net worth of 1 million (we can think that his psychological endurance is only 500,000). At this time, small fluctuations in the account are easy to do. He is very interested and correct in what he does. At this time, it is easy to annualize 10-20, but for individual investors, first of all, you have to work hard for 5 to 10 years to reach 100 million, unlike institutional investors who can use platform money! At this time, his experience and psychological endurance are very great. If you ask his 100 million account to fluctuate by 100,000 or 200,000 per day, maybe he will not do it at all, but this kind of transaction can be done without looking at the market. This is the tragedy. At this time, for him, the fluctuation of normal positions may be only 10 million per day. If he can not watch the market, he is really gambling! If you don’t want to increase or decrease your position, the gambling is even greater! At this stage, I can only be able to withstand similar fluctuations, but I can't do it without adding or reducing positions! But my body is broken and I can’t bear to read the tape! Therefore, for retail investors, it may be more practical to speculate! Combine earning money and resting! Just like in novels, some forms are not the best, but they are a balance between defense and attack. Maybe speculation is the best combination of profit and rest, maybe for people with my personality! Or simply put, if you follow the trend and want to increase your position and become prosperous, then tell me why you don’t stay up late? I endured it for three to five years, and I was going to die if I endured it any longer.
The biggest capital of futures is youth. When you are a young loser, you can do whatever you want. When you get older, it is troublesome... I gave up all my youth to futures. Without the happy youth of normal people, it is ruined. The body is exchanged for money. Now the number one speculator in Zhengzhou, Brother B, is also a hard-working person. It feels like he is exchanging his body for money. He is the most hard-working person I know! I can’t give you advice on whether or not you should work hard. After all, life only lasts for a few decades. There is actually no point in trying to make money like this, and there is no point in not making money. So, everyone should think about it for themselves. Futures does not say it’s easy. Those who make money are working hard!