I remember when I first started futures, the conditions were quite simple. Suzhou wire market needs telephone transmission and blackboard copying. But the words of a predecessor have made me unforgettable so far: "Learn to lose money!" "This is very intriguing. We are all here to learn to make money. Why learn to lose money? But his subsequent explanation is even more puzzling: only by learning to lose money can you learn to make money. You didn't see the rubber contract to be delivered soon, and some people hold more than 15000; Have you found that the stock has already fallen to a few dollars a share, and some people pay for it with dozens of dollars a share? Really, learning to lose money is not a very simple thing. It actually wants us to admit our mistakes (many times we don't know if we really made mistakes). The process of losing money is actually a process of overcoming self and improving self. For a beginner, it is actually more difficult for you to teach him how to lose money than to teach him how to make money. This is not empty talk. Losing money is very particular. I think at least three things should be done: first, it won't hurt your vitality. Stop loss in time without hurting one's vitality. This is the basic requirement of stop loss and the main reason for stop loss. Capital is the foundation of the market. " The shepherd would rather lose the wool than the sheep. "It is extremely irrational and irresponsible to go against the market. Secondly, it doesn't hurt the harmony. It is the cultivation of investors not to hurt the harmony. Even if you think your opponent is wrong, you should show tolerance and pay attention to the word "forbearance". Don't despair for the length of a day. Because of emotions, it is inevitable to lose calm and wisdom. Again, it doesn't hurt money. Not hurting money means that the future market trend proves that you are right to lose money, that is, don't lose opportunities. In fact, this requires you to have an accurate prediction in the case of possible uncertainty. This is also the difficulty of learning to lose money. In fact, the fundamental reason why many investors oppose stop loss is here. Their mantra is: "Cut and cut, cut all the money". These investors should also pay attention to training stop-loss skills. Of course, superb stop-loss skills are also the realm that every investor pursues unremittingly! Most investment experts will admit that they have made such a mistake, but rarely admit that they have a stop loss. Market warning: "Not afraid of mistakes, but afraid of delay". My understanding is that whether to set a stop loss is a strategic and principled issue of investment; Where to set a stop loss is a tactical and methodological issue of investment. You may have heard some touching stories about futures investors who were trapped by thousands of orders and still didn't stop loss, and then made money. However, you can't see those unfortunate people who died in despair, but you can't see them returning to the market! My point is that people always make mistakes, so no matter how big the money is, no matter how small the position is, you should set a stop loss. As for where the stop loss is located, it is not convenient to unify. In addition to studying fundamentals, reference figures and indicators, we should also combine personal financial situation and affordability. But there are a few points I want to point out: all stops must be set before entering the market, and price breakthrough is a sufficient condition for us to leave, not a necessary condition. This means that when the price really breaks through our stop-loss point, we should leave unconditionally and should not take chances carefully. Sometimes, although the price does not break through our stop-loss point, according to the new situation, we conclude that the price will break through our stop-loss point soon, without waiting for the emergence of stop-loss price machinery, thanks to some funds. Now, you know, learning to lose money is a game similar to riding a bicycle slowly-not to see who loses much faster, but to see who loses less. The purpose of learning to lose money is to learn whether to lose money or not, so as to make money! Last Friday, an old lady opened a stock account for me, and I was shocked by so many st shares that have been delisted. Most of the day, I was thinking about my predecessor's words: learn to lose money! (Wu Shouxiang)