9. 1 When a general trader says that a market is "good", he actually means that the market has gone up, but he just did more. When he said the market was "bad", in fact,

What he means is that the market has fallen, and he happened to be unlucky enough to do more.

9.2 The market does fall about half the time, and it "falls faster than flies". Experienced successful traders know that there is a downward trend in the market ratio.

The rising market makes money more steadily and faster.

9.3 In order to grasp the obvious downward trend, one of the main obstacles is that he has a natural bullish attitude towards any market. Even if the trend is obviously downward.

Those speculators still stubbornly hope that the price will eventually rebound, thinking that they can seize the reversal point. This kind of speculation is a very expensive price.

9.8 Long-term megatrends, especially downward trends, will not rebound soon. They often last for an unbearable period of time, accompanied by countless false signals.

Because many traders have been eliminated.

9.9 Avoid scratching the head, because this is at best a subjective and unfounded way of getting in and out, which rarely succeeds.

9. 14 forecast trend reversal. After a new position is established, a reasonable stop loss should be used to protect the new position. So what is reasonable? It depends on the trader.

It depends on how much pain an individual can bear.

9. 16 those who can run away because of improper operation can enter the arena another day as long as they have breath.

10.4 Knowing when not to operate and waiting patiently until the right time is one of the most difficult challenges faced by traders.

(1). Write a golden saying: "Money is earned by sitting, not by operation."

(2) Distract my attention from unnecessary operations.

(3) When you really can't stand it, you should leave for a while and take a walk outside.

10.6 simple truth:

A successful trader will always observe discipline and keep an objective attitude outside the market until he can enter the market in the direction of the main trend. Even then, you are still

Be careful not to enter the unorganized market, because some don't play cards according to the rules. Inexperienced speculators may inexplicably put a big list.

. Even if you follow the trend, you should be more self-disciplined and patient in the inevitable price reversal process.

10.7 futures trading will always cause a very tragic fate for most speculators. The main reason is lack of discipline, which inevitably leads to lack of self-confidence.

10.8 missed a bull market, and waited until the breakthrough before pulling back to about 50% of the previous increase. Don't come in until you wait.

10.9 to objectively analyze the market, we must strictly observe discipline and follow the operating strategy of taking advantage of the trend.

10. 10 does not deal in this variety:

Trends always seem unreliable, easily distorted and fluctuating too violently.

10. 1 1 profitable positions should be firmly held, and loss positions should be leveled.

10. 12 speculators always sell when they see a rebound in the rising market and buy when they see a decline in the declining market, regardless of the fact that this practice has been repeated to him over and over again.

Children cause losses.

10. 13 plunged into the market at the wrong head and bottom. Sell on rallies and buy at the bottom for the simple reason that they are impatient and irrational when doing analysis.

Make love. The market goes up or down too much, too fast. There are also some operators who jump into the trend of fast moving against the trend because he has prematurely closed his position.

Now I see that the market continues its original trend outside the market, and I don't want to make some money through reverse operation, so I can find myself a step down.

10. 14 Don't overweight before the initial position has a good profit. If the market goes bad, you will never stay in the market for long. If this proves to be

Wrong, then I will raze the warehouse to the ground.

10. 15 taboo: look for the head or bottom of contrarian operation in the trend market full of kinetic energy.

10. 16 We must follow certain rules and admit our mistakes as soon as possible.

1 1.3 market price trends always absorb and digest all kinds of news in advance.

When the price of 12.7 is widely arranged horizontally, this situation is more common than the fierce established trend. People who trade according to the system will always buy it back when they rebound.

Sell on time. This kind of dish washing loss is an inevitable part of homeopathic operation, and traders must wait patiently for big fluctuations.

12.8 The system allows you to keep up with the times and go out from time to time. When a loss occurs, you must be patient and willing to abide by discipline before you can do what the system says.

But our experience shows that once you resolutely adopt a set of feasible homeopathic methods and follow consistent results, it will be more difficult than you repeatedly doubt its ability and keep thinking.

It would be much better to improve it.

12.9 moving average:

(1). When the closing price crosses the moving average, you can enter the market for operation;

(2) Double crossover method.

12. 10 Best Average Daily Win/Odds

Soybean -55- 1: 5

Copper -59- 1: 3

Soybean: 20-45; 23—4 1。

Copper:17-32; 4—20。

12. 1 1 These basic strategies can certainly make you join the trend as soon as possible, but you will also suffer many premature fluctuations and you will go back and forth.

Lost money. However, if the fluctuation lasts for a long time, you will taste the sweetness.

12. 12 what kind of attitude should a trader face the operating system in order to get the most benefit from using it?

(1). He must have confidence in his own system, and don't always try to surpass, guess or improve according to personal emotions, prejudices or wishful thinking.

(2). You must have the patience to wait for the operation signal on the sidelines. Once you open a position, you must hold it patiently until the reversal signal appears.

(3) We must observe discipline and operate according to the signal operation strategy referred to by the system.

Long-term position strategy-when there are large fluctuations, enter the market in early trading, overweight at favorable opportunities, and continue to hold the original position as long as the trend continues.

However, most operators often fall into a fundamental trap when dealing with this strategy. Unfortunately, we always think that in any market situation,

Predict a clear (rising or falling) price trend. Therefore, we always buy on rallies when we think we are bullish and sell when we should be short.

Lower it.

13.3 Reasons for often buying at high prices and selling at low prices:

The market is quite balanced most of the time; In other words, it is in a broad and aimless horizontal range, with no obvious upward or downward trend.

13. 13 when setting a stop loss point, first consider how much total loss you are willing to bear in the position where you have already opened a position, and then see where your entry point is and where the stop loss point is located.

In case of loss, the amount of loss is equal to the total loss you are willing to bear.

13. 17 how to exit the homeopathic position?

Or use a stop loss point, whether it is earning or losing, and quit as soon as it reaches the stop loss point. The initial stop loss point of the homeopathic warehouse is at the loss you can accept.

13. 18 If the market is favorable to you, you still have to face the exit problem of profitable positions.

Experience shows that you can never find a feasible and reliable way to sell at the highest point and buy at the lowest point.

13. 19 Set an "efficient" stop loss point and wait for the market to automatically take you out. When the market is favorable to you, move forward step by step and enter your stop loss position.

Point. Until the final stop loss.

When 13.20 comes out with a stop loss (the stop loss here is touched in the session, not at the close), it does not necessarily mean that the trend has reversed, but it is possible.

It just means that you have reached the limit of pain, and it is best to be able to break your wrist, pay the price and save some profits. It's best to stop the loss by simply clearing the field, and don't tell others.

Learn what to use to reverse the loss. If the general trend has not changed, you must have a chance to re-enter the market at a favorable time.

Chapter 15 Keep the positions with the best profit and clear the positions with the most losses.

15. 1 Many bulls have a steady upward trend and a fierce softening trend intermittently. The short-term decline in prices destroyed the upward trend, and speculative long positions were taken down.

Because of the stop loss, the market went out and cleaned the funds at a stop loss point, and the market resumed its upward trend.

15.2 Many short markets are interspersed with the same fierce rebound. The rebound washed away speculative buying stops and losses, and washed away those who were determined but profited from short positions.

Close, and then the disk resumed its decline.

15.3 It is not recommended to deposit a new deposit to meet the requirements of maintaining the deposit. This reminder is a clear signal that your account is not performing well, no.

Reason will take money to defend such a bad position. A more appropriate tactic is to clear the warehouse, avoid being asked to recover the deposit and reduce the risk taken.

15.4 While lightening positions, all positions with the largest book loss should be closed while maintaining the profit potential, especially when it is against the trend.

Do this. Now that the position with the biggest loss has been eliminated, your loss risk will naturally be reduced. The most successful position must be firmly grasped, because this position is obviously a place.

On the right side of the trend market, the homeopathic position that makes money is naturally more profitable than the contrarian position that loses money.

15.5 Strictly observe discipline, close positions with losses, and hold homeopathic positions with profit potential at the same time. Moreover, although profit-taking is more sufficient than seeking compensation.

Enough personal face. However, you know, we are not here to save face, but to take reasonable risks.

Make money. According to this principle, we should care about the overall profit operation, rather than trying to prove that we are right and the market is wrong.

15.6 has proved to be a useful strategy: in any market, or in two related markets, you should buy futures with the strongest trend and sell futures with the weakest trend.

Futures. Because if the market goes up, bulls will definitely perform better than bears. If the market falls, there must be more bears than bulls.

Have a better performance.

Operation in the fourth actual combat

Chapter 16 J.L. Livermore is a man.

16. 1 Strictly observe discipline when buying and selling; Accuracy of calculation; A lone ranger style independent of others.

16.2 trading strategy, tactics and market concept. For investors, the most important lesson is a set of strategies including investment objectives.

16.3 There is only one side of the market, not the cow side or the bear side, but the right side.

16.4 Decide which positions to keep and which positions to clear:

There are few mistakes in all kinds of speculation, which are serious enough to even out the losses. We must remember that all losses must be sold and all profits must be sold.

Keep it.

16.5 making money depends not on ideas, but on practice. I've been doing it, and I haven't moved. Seeing the right side of the market is not a great skill at all. We can keep watching.

In the bull market, many people have long done more; In the short market, there are also many people who have long been empty. We know that many people do the right thing at the right time.

They have started buying and selling at the right price, which is where they can make the most money. But their experience is always the same as mine, that is, they.

Didn't make any money at all Few people can do the right thing and stick to it. He thinks this is the most uncomfortable, but market traders only really understand.

You must do this to make a lot of money.

16.6 for me, making money is the least of all difficulties. After admitting the loss, the loss will never bother me again. If you do something wrong and don't admit it, it will hurt your mouth.

Bag and heart.

Chapter 17 There is no good or bad market.

17. 1 Frankly speaking, I misread the market trend, the operation timing was improper, or the market tactics were wrong. As long as we are brave and pragmatic, we can find a way.

Find out where and how you made a mistake, and what you should do next time to avoid repeating it.

17.2 the principle that the futures market is universally applicable is that the market and price trends themselves are not good, except for some occasional short-term abnormal periods.

Not good. Right and wrong. There are good and bad points, or to be clear, it is the speculators themselves who are right and wrong.

17.3 in these changes, it seems that there is no target to fluctuate at will. It is more important than ever to strictly observe discipline and maintain an objective attitude. We are all affected by the market.

Rub the top and wash the bottom. You have the experience of losing money, but you must not be angered by the market or lose your mind.

17.4 from the perspective of right and wrong, one of the psychological problems that traders must face is the interaction of two basic emotions in the human subconscious, that is, "hope"

"and" fear "rise and fall.

17. 1 1 Dixon watts: if you can't sleep well at night because of your future positions, let them sleep until you can sleep well.

Chapter XVIII Losses must be controlled and limited.

18. 1 richard dennis: Most of the profits obtained come from 5% operation. He regards good fund management and operation strategy as

The graphics he drew are equally important.

18.2 Barrucci: Put all the eggs in one basket, but be careful.

One of the keys to Dennis's success is his ability to control losses. Limit them to an acceptable level. Limit all your paper losses to your later days.

World sleep level.

18.4 We must keep an objective and pragmatic attitude and know when to reluctantly give up unfavorable positions. When deciding when to close a losing position, it is only based on the trader.

Judging whether that position can last long is the most mindless method. Traders feel that a position has profit potential, or that position does not.

If there is hope, you should give up, or even reverse the operation after clearance. There is no difference between the two.

(1). Let the profits grow by themselves. Don't worry about profits. What you should worry about is how to minimize the loss.

(2) I will not let the loss exceed 4% of the invested capital in any operation.

(3) In operation, 5% to 8% makes money, 10% does not lose money, and other beans lose money.

(4) Within 5 days, you will generally earn 2 days, draw 2 days, and lose 1 day.

(5). Traders must control the losses and the integer times of entry and exit.

18. 10 If you have a homeopathic warehouse, you are in an advantage. We should take active strategies to win. In this case, you just have to hold on tight and follow the main trend. There's no need to worry.

Try to make a profit and make a small profit.

18. 1 1 If you hold a contrarian position, you are on the defensive. You'll be lucky if you can walk away unscathed. It is good for you to wait for the trend to reverse.

It's wishful thinking to make you make a lot of money. It's unreasonable. Open if you can, don't lose money, then hurry to clean up your position.

18. 12 The probability of making money by taking advantage of the trend is much higher than that of wishful thinking and unfavorable situation.

18. 13 Make every effort to open positions only in the main trend direction. However, the market fluctuates violently, how can we get what we want every time? In addition, when you open a position, you may

It is not uncommon to follow the general trend and find that the trend is reversed until it is built. In this case, the best way is to close the position as soon as possible.

Quit and minimize the loss.

18. 14 However, there is another situation, that is, when you close your position, the market will immediately turn back to its original trend, indicating that it is unwise for you to close your position. such

The situation naturally makes people vomit blood, but we might as well regard it as one of the risks of this game, and you can learn to adapt.

18. 15 Even if you quit early, you still have the opportunity to enter the market with a clear head and find more favorable opportunities. This opportunity is in your favor.

It's beneficial, and it's also where you should devote all your thoughts and money.

18. 16 (bag page): "Don't look back, someone may want to plot against you in front."

18. 17 Watch your losses, and your profits will come by yourself.

20.7 When you know that you are in a good mood, you will encounter good times, and when you are as depressed as lead, you will have bad times. This kind of person really needs a good emotional balance

And market vision. He must take advantage of the good opportunity to go forward bravely, but don't be tempted by sudden success; He must also avoid drifting with the tide and losing himself in bad times.

20.8 Disappointment and discouragement are two basic emotions. We must be able to exercise self-discipline and overcome psychological depression, and we cannot achieve the purpose of speculating in futures.

Don't give up, you must stick to the systematic method. We must maintain our self-confidence, be able to survive difficult times and curb the loss of unfavorable positions.

20. 10 those who run away with a little injury will definitely make a lot of money in the future. You must train yourself to ignore any personal prejudice. Don't always try to do it.

A lot. Because there is no doubt that you must have learned a lot, because falling is faster than rising. Must be able to easily short when the market falls and be safe.

As relaxed and happy as doing more when the market goes up.