The secret of futures actual combat
The first Japanese candle chart technical author: Steve, Nissen Ding Shengyuan translation speculation lesson 1, the basis of technical analysis, almost the best K-line theory books need intensive reading, even if you don't understand it, you'd better memorize the K-line form and meaning. Just like when we were young, we learned to memorize multiplication tables. But remember that this is just the beginning, and the practical use is far from these. Whether you can use it or not, you should memorize it first, so as to lay the most solid foundation for future morphological theory and more advanced trend theory. Many friends have a bad life because of this, or practice a lot, paying the price of money and energy; Or look back when you improve. Understand the direction: the significance of the battle between long and short sides, and the final ending will determine the outcome. Why can't it be used in actual combat many times? You have to think about this question, and the answer I understand is: only one day. But sometimes it can be used in actual combat, because sometimes it will be decided in one day. Although this is not the case in most cases. Just to explain, this is my view on reading order, just talking about some main things, and some things that have not been mentioned for everyone to see, mainly for foreigners, such as some psychological and technical aspects. There are few good ones in China. Personally, I highly recommend the book translated by Mr. john murphy Ding Shengyuan, the second author of Technical Analysis of Futures, or "Fundamentals" needs intensive reading. In this book, many concepts may be unfamiliar, so don't be afraid to bite the bullet and continue reading. Mainly to fully accept the basic knowledge of technical analysis. K-line, shape and indicators need to be understood. As for various theories, it doesn't matter much to be rough. This book is a classic technical foundation, and you may have to read it over and over again. When a trader of a futures company discussed with us, he said: You should read Murphy's book ten times. Although this book is easy to read in a long distance, you should read it well at first. It's like a college student looking at addition is very simple, but his start should also start with addition. Understanding direction: K-line is the foundation of everything, and indicators are used to describe the combination of K-lines, not to decide. Don't fall into the example of indicators. The significance of technical indicators is to assist judgment, not decision-making. Technical analysis is a probability or success rate, which has no short-term forecasting significance, but has medium-and long-term forecasting significance. K-line combination is more meaningful than K-line alone. If you reason, then the long-term trend is more significant than the form. All kinds of theories are derived from market trends, all of which are descriptions and induction of market trends, and all of them are flawed. Quite simply, we can't completely summarize the market, because the market is continuous and endless. The third book is the basic "Securities Analysis" Author: Graham needless to say, the author is the founder of modern securities technical analysis, but also the teacher of Warren Buffett. He predicted that Buffett, his proud student, would make the world pay attention to him. Mainly to understand all kinds of securities basic professional knowledge. Whether it is technical analysis or basic analysis, this book is very good and comprehensive. A lot of things need to be well understood. Of course, I don't know much about them now, and I dare not judge them. I don't know that part. I make up for it with technology. I am implying that I don't know how to leave for the time being. The fourth barometer of the stock market: Hamilton mainly said that the overall trend of securities reflects the national economy, and the reasonably compiled indexes should confirm each other. The trend of securities cannot be accurately predicted, but it can be accurately judged in the medium and long term. Understand the direction: the trend of securities cannot be accurately predicted and will never be possible. The short-term trend of securities is very irregular and extremely difficult to predict. Long-term regularity is extremely strong, and it is easy to judge. Moreover, the trend of securities conforms to the fundamentals of securities in the long run, and the reasonably compiled index trend reflects the overall economy. It must be noted here that seemingly unpredictable and accurate judgment are contradictory. By accurate judgment, we mean a range. Kind of like quantum mechanics. We don't know where the electron is all the time, but we know that it moves around the nucleus, and we can also know the general operation mode. I admire the rigor of Hamilton and charles dow in this book. This is unmatched by many of our masterpieces. The fifth author of Dow Theory: Hamilton and Charles Dow co-authored the initial definition of trend, which is also the most basic trend theory. Wave theory is basically based on it, and later trend theory is also based on its understanding direction: long-term trend affects medium-term trend, and medium-term trend affects short-term trend; On the other hand, short-term obeys medium-term and medium-term obeys long-term, provided that there is no change. The turning potential is characteristic. We must remember this seemingly simple turning feature. One day, when we understand it, we will understand the greatness of Dow theory. For a trader, especially a pure technical operator is the most important. Readers should also pay attention to the whole process of bull-bear transformation mentioned in this book. This transformation process is extremely classic and important, especially for stock operators. After reading this, you can relax, practice more and see more. Here, we must firmly remember that any theory and any technology are flawed. To avoid these defects, the only one without defects is the market itself. All technologies and theories come from the market. These technologies and theories are nothing more than the fastest and shortest way for readers to go to the market itself. This will go far beyond your own practice. The following is a list of books, all of which are required reading. You can read it intensively or roughly. Author: Eliot Wave Theory-Key to Market Behavior Author: Robert from Dow Theory. The disadvantage is that trying to predict the trend is thankless. But wave theory does provide some extremely useful trend stages and processes, which are the details of the future. Understanding direction: the trend at all levels is basically the same. This is not easy to understand. For example, a 5-minute chart is often repeated on the daily line, and the daily chart is also repeated in time. We can say that this is the characteristic of securities. This is of great help to understand the process of patterns and trends. It is really helpful to judge the trend, including the continuation and turning point of the trend. Defects are all mentioned in Murphy's book. Haha, reread Murphy. Chaos theory author Bill. Williams mainly understands the trend of form: form is nothing more than the combination of K lines. The bigger the form, the greater the meaning, which is the same as Murphy's book. Are you interested in or rereading Murphy? The form of attention obeys the trend in the process of the trend. The same form has completely different meanings in the upward trend and the downward trend. Never deny the truth. If you think which form should go up and which form should go down, I'm sorry, you may have to suffer a big loss. The authors of Gann theory are all latecomers. You can learn about the time period they summarized. I can't stand Gann anyway. However, time periods are usually useful. I don't say much, because every time I talk about him, I am scolded by the dog. Understand the direction: there are many cycles, but it's hard to say which one works. About 1: Mathematical Cycle Fisher Series 2: Calendar Cycle, Year, Month, Day, etc. 3. The cycle of the securities themselves. For example, have you noticed that the adjustment of securities trends is regular and can be seen almost at a glance? My personal views on these three books are all details. Livermore, the author of Memoirs of the Ninth Stock, must read the book intensively, and may have to read it back and forth in the future. This book is my first teacher. Stanley kroll spent more than ten years studying Livermore, and then made a list, which attracted the attention of the world. Too wonderful, nothing to say. It's so great, I can only sigh. Understand the direction: why did Livermore achieve such achievements? Why the tragic ending. I think this is something that everyone who has a securities career should think about. This is not just a technical problem, of course, Livermore's technology is flawed (stanley kroll later made up for this defect). There are many things in this Livermore book that we should keep in mind. The most important point is that Livermore felt and practiced the truth of securities, but he did not sum it up properly. Think about it if you have the heart, don't forget. Maybe I will never understand; Maybe one day I will understand that the reason is as simple as that. Intensive reading of skills and basic analysis by Spalandy, the author of the tenth issue of professional speculative principles, I pay more attention to the understanding direction of technical analysis skills in this book: Spalandy strives for safety and uses many methods and skills to ensure profitability. I am most interested in his painting, which is simple and practical. I suggest you draw more lines the way you found him. Maybe one day, the lines you draw yourself will lament the accuracy of the lines, and more magical lines will appear. Spalandi didn't say, but if you paint for a long time, you may find them. But remember not to be stubborn. I draw more pictures from Time, all of which are fun. Livermore, a great stock trader, translated it (Mr. Ding has translated many good books). Stanley kroll studied almost all Livmore's trading records. This is also worthy of our study. In this book, it is the whole process of the securities truth that Livermore feels (I personally think it only represents my personal point of view). He knows the power of this thing. But I think there may be no more detailed summary. The civilization and essence of mankind are left over from generation to generation. It's great that he can find the source for us! Understand the direction: why did Livermore do this in the first place? What was the reason for this operation? Why stanley kroll is so interested in his operation. Of course, what I want to say is not that we can achieve great things by finding this reason. That's not what I meant. After all, it often takes courage and talent. But if you find it, you will benefit a lot. The twelfth book, the author of Futures Trading Technology, Jack Yeshaayahu Schwager, I think it is the best book in technical analysis, which can be described as the pinnacle of technical analysis. So far, I haven't read a better technical analysis book than this one (the reading volume is limited, please point it out). Understanding direction: it doesn't matter if you are dizzy. This book is a practical annotation of the book. The highlight is Yeshaayahu Schwager's numerous operational examples, which are vivid, clear and concise. Be sure to pay attention to why he said: the wrong operation can't see profit, and the correct operation may lose money. This is extremely important. Here you will see that many profits eventually turn into losses, but some operations are correct (purely technical). Therefore, I doubt that we should turn losses into profits. The thirteenth book, Crowe on Investment Strategy, is written by stanley kroll. This book is almost a summary of Dow's theory, memoirs of a stock god and futures trading technology. But the book rarely talks about specific technical analysis, and Livmore is the most talked about. Why is it summary? Because stanley kroll emphasizes the trend, and it is the trend of the market itself, not the form, K line and trend line in technical analysis. . . . . Trends are not our subjective trends. It is a trend created by the market itself. He studied Livermore for many years and got only one thing, that is, the trend of the market itself. Direction of understanding: First, the speaker does not know and the speaker does not speak. Why? Second, why did he dare to operate futures without looking at the market? Why on earth? Why can he hold futures for five more years? Many people like reading this book, but they don't ask these questions. Maybe many people think he knows the trend, yes, but there are deeper things. He has been expressing this thing throughout the book, but he didn't point it out directly. This may be what he said: the speaker does not know, and the knower does not speak. Looking back at Dow theory, stock master manipulation and futures technology, I think I can find some hints. 13 this book is finished, and finally, the trend of securities itself is the first, and the long-term trend is the best statement of the trend. All rules come from the market, don't be a rule lover and collector. Almost all the books mentioned above are based on chart technology. As for basic analysis, it is basically not involved, and the reading direction of basic technology lovers may not be these. This is only a book that I think is quite important. There are many books worthy of intensive reading, and many forums also have many good articles worth reading. I would like to recommend to you the basic book system trading method that I think is very good. The author Bobo is a very good textbook of systematic trading. I made a wonderful example of Zhuangbahan futures in actual combat. As a friend of futures, I think it is necessary to read it, which is very helpful to understand futures. The author Larry Williams has many short-term trading skills, and the most interesting point is that the author pointed out at the end that the secret of short-term trading is to turn short-term trading into long-term trading. Ha, cut off the losses and let the profits run. The author of Adam's theory seems to be Wildba (sorry, I can't remember). It is also a very good book, which emphasizes the trend. There are also works by some masters, such as Warren Buffett and Solas, which are all good. They can not only recite them, but also find out one by one from specific stocks. One by one to verify. That was many years ago, but it is no longer needed now. Forget all things that are not commonly used. There are many forms in my heart, and the development of forms. But these things are small details-I transferred them, but I have also read books on them, which are really good. Crowe's investment strategy is my favorite. Now there is a book called "Diary of Wall Street Traders", which describes in the form of a diary how the protagonist "I" gradually changed from a newly graduated college student to a "trade wind" trader, and achieved a monthly salary of several hundred thousand. The first half of the book is mostly the internal training content of the company, and the wonderful part of trading on the "trade wind" platform is also based on the real trading process of the company. You can have a look. This is a simulated stock market. As for applying for traders, many leather bag companies are recruiting now. If you really want to try, you can look at the recruitment information, which is available on all major recruitment networks. Traders in formal channels, it is estimated that you have no chance and have never seen any recruitment. The BLE index can go up or down, and 10,000 can be used as a T+0 platform for one million stocks.