Investors who study technical aspects rarely do fundamental analysis, so they cannot talk about value investing. These technical people pay more attention to the application of K-line patterns and other technical indicators, and their operating cycles. There are short-term, medium-term, and long-term.

Technical analysts all have different trading strategies. I have heard that some people have hundreds of trading strategies. This is a bit exaggerated. Short-term, there are short-term trading strategies, as well as mid-term and long-term.

If it is a short-term trading strategy, it must be executed with short-term thinking and discipline, and there must be no hesitation. There are very few people who can do this. Even if his trading strategy model is very good, in actual combat, he will often get trapped due to insufficient execution.

Therefore, many people make the short-term into the mid-term, and the mid-term into the long-term. This is all caused by indecision and indecision. Many investors cry when they talk about it, but they can make mistakes again and again. There is little heat in growing up.

The same goes for medium and long-term trading strategies. If there are certain short-term fluctuations after buying, but the mid- to long-term trend does not go bad, you must be patient, hold the stock firmly, and do not waver.

I have seen many friends who couldn’t bear the shock and torture in the middle and long-term trading process, so they stopped the loss and sold. As a result, the stock price pulled back that month, and the monthly K-line was still strong, which made them regret it.

The thinking and operation of medium- and long-term operations are different from those of short-term operations. Medium- and long-term operations require the concept and judgment of the direction of the general trend. If the trend is not bad, do not consider being out, because once the trend is formed, there will be a continuation process. , the rise and fall during the period cannot change the continuation of the trend.

When doing short-term trading, you must make a decisive decision. If the short-term market weakens, you must exit without hesitation. The discipline of stop-profit and stop-loss must be firmly implemented without any chance.

Not many people can do what I said.

On the one hand, this is mostly determined by the weaknesses of human nature. It cannot be overcome at once. It will take a long time and be reversed bit by bit in actual combat;

< p> On the other hand, there are very few people who can persevere. Many people do not look for their own problems, but just blame the mistakes of their trading strategies. Remember, no trading strategy can be 100% successful. When the market environment is not good, the success rate will decrease. Doing a good job of taking profits and stopping losses is the magic weapon to ensure that you can ultimately make a profit.

I hope the above answers can inspire and help you.

You can take a look at my video. I personally recommend watching the long and short videos.

In the upward trend of the online market, you can make money in the short term, thank you.

My video is very detailed.

I divide the investment process into three major steps:

First, technical analysis;

Second, fundamental analysis;

< p> Third, valuation analysis;

For technical analysis, it is a diagnosis that allows you to make a quick judgment, but whether you can ultimately decide whether to buy or sell depends on Let’s demonstrate based on fundamentals and valuation.

The so-called technical analysis is a tool or strategy that uses graphics, indicators, news surfaces, etc. to make preliminary judgments.

They can help you quickly see buying and selling points, but they cannot give you a more certain answer.

Just like when you go to see a doctor, the doctor will judge what disease you have based on the "look, smell, ask and feel" method, but he will not immediately prescribe medicine or make a decision, he will just ask you to move towards him. Go for an examination in this direction of judgment. Only when the examination data report comes out will the doctor judge whether you have this disease.

The same is true for technical analysis. In the stock market, our common technical analysis actually has three major categories:

First, graphics.

The so-called graphics category is a strategy that uses graphics as a way to judge buying and selling.

Let’s look at the Shanghai Composite Index below. We can use historical periodic lows to make a so-called connection line. Then when the Shanghai Composite Index falls to this connection line again, it may be It will generate technical support and display a buy signal.

Second, indicator category.

The so-called indicator categories are also very simple, which are the so-called MACD, KDJ, RSI, BOLL and other data indicators. We can use these data indicators to find the so-called buying and selling points.

Moreover, over such a long period of time, technical analysis of technical indicators has developed very, very densely. It depends on which one you like and which one is more suitable for you.

Third, message class.

In fact, it is also a kind of driving technical analysis. For example, there are some so-called news in the market that have cycles and are fixed. So as a technical analysis, you can use the periodicity of these news surfaces to carry out layout or analysis.

For example, the quarterly report disclosure time of listed companies is:

1 Quarterly report: April 1st to April 30th every year.

2 Quarterly Report (Interim Report): July 1st to August 30th each year.

3 Quarterly Report: October 1st to October 31st of each year

4th Quarterly Report (Annual Report): January 1st to April 30th of each year.

Then, the early stage of the release of the news is often the time when technical analysts like to lay out the news, while the implementation and subsequent release of the news are often the result of profit-taking. These are technical analyzes driven by news. Based on the time before and after a message and the comparative analysis of the quality of the news, the basis for making buying and selling judgments is made.

People who only like technical analysis must be short-term speculators, not medium- and long-term investors.

Because I said it, technical analysis is like a "preliminary diagnosis" that can help you quickly find buying and selling positions, but it cannot effectively make the right decision.

Because technical analysis requires the support of fundamentals and valuations. Without these supports, your technical analysis is purely "guessing."

For example, if a doctor diagnoses you without looking at the case or your test data, and only relies on what you said, what he saw, and what he guessed, then the result will be very different. It could lead to a big mistake.

Known as the gods of the stock market: Jesse Livermore and Buffett, the truly valuable things that can be passed down through the ages are not technologies, but ideas.

It shows that if you only rely on or only understand technical analysis, you are a beginner in stock market investment, and you have only scratched the surface. Those who want to trade through technical analysis basically They all covet the "fast" feature of technical analysis, so they are basically short-term speculation.

The real masters put pattern, strategy, and trading self-discipline above technical analysis.

Because there are all kinds of technologies in the stock market. The same graph may indicate selling or buying. There are a lot of reasons to buy, and there are a lot of reasons to sell.

Therefore, we must have a comprehensive, effective, and correct method to demonstrate whether your technical analysis and the final technical analysis made for the decision are reliable.

So, how do experts make good use of technical analysis?

The first step is to use technical analysis to confirm a buying or selling position.

Just like the market we just mentioned, we can use technical analysis methods to confirm a buying position.

Of course, you can also judge through the technical analysis of data indicators mentioned earlier, or the technical analysis of news. Each has its own merits and advantages, and there are no hard and fast rules. It depends on which one you like, are accustomed to, and are good at using.

The second step is to confirm whether there are any problems with the fundamentals.

This fundamental refers to whether there are systemic risks. It is very important for the market and individual stocks. It's like checking whether a racing car can run normally. If it can't run normally or can't complete the entire race, no matter how strong its performance is, how fast it accelerates, or how cost-effective it is, it's not worth owning.

For the broader market, fundamentals and systemic risks mainly depend on a country’s economic strength, which is no problem for A-shares.

What about individual stocks? Let’s look at a few points:

1. Are there any suspicions of financial fraud?

2. Are there any moral hazards among executives?

3. Are there any technical defects in the product?

4. Whether the performance can be stable and profitable;

5. Whether the liabilities can be kept reasonable;

The third step is to use Valuation (data) proves it.

For example, after we use technical analysis to confirm that the market is a buyable position, we need to use a series of data and valuation calculations to judge whether it is correct.

For example, you can use the data of the previous market at the bottom of the bear market as a reference. When the time and magnitude of the decline, as well as the price-earnings ratio, price-to-book ratio and other valuations reach around a previous area, it is often This is a fact that applies to technical analysis.

Of course, there are many methods to prove such valuation, such as the price-earnings ratio method, PEG method, price-to-book ratio method, DCF method, etc. There are many, but again, you decide which one to use based on your own understanding, your own preferences, and your own strengths.

In summary, I think people who speculate in short-term stocks tend to be biased towards technical analysis. Therefore, if you look at lengthening the cycle and increasing the frequency, you will always lose more. Win less.

People who make real long-term investments basically consider the combination of technology, fundamentals, and valuation. They are also making long-term value investments, so the opportunities will be greater and the risks will be greater. It's also smaller.

Why do many people like technical analysis? It’s nothing more than a quick picture!

Why do many people dislike long-term value investing? It’s just that I can’t bear the fact that I am getting rich slowly!

People who like to study technical aspects of stock trading are different from those who like to study fundamentals. They are generally trend following traders. The characteristic of trend following traders is that they do not guess the market trend. They only follow the market trend instead of creating the market trend.

Trend following traders will not deliberately do short-term, mid-term, or long-term. As long as the trend does not change, they will follow it all the way. They always believe that the trend is the most trustworthy friend, unless it changes in the end. direction. Trend following traders will develop a set of strict trading rules and strictly abide by them without changing them easily. Their trading rules stipulate when and how much to buy, when to buy and how much to sell.

People who like to study fundamentals say they adhere to the concept of value. Buying and holding is their highest trading strategy. People who like to study fundamentals often end up in a dead end. They rely on the limited information they have. Predicting price trends often fails to make sense. The market trend is always contrary to their predictions. Because no one can grasp the real fundamentals, analysis based on fundamentals is unreliable.

Generally, investors who call themselves "technical" have one characteristic.

That is, they believe that

a certain graph will bring inevitable results.

So there are a lot of "golden cross" and "spindle line" theories that are fun to play with

But in fact, it is really difficult to make money from these "theories"

Why did this seemingly "technical" "theoretical school" arise?

It’s very simple, because it’s easier to sell the courses of those “short-term sniper masters” and “hot money masters”

998 per session, absolutely no bargaining

In fact, it is really not necessary

Even if you learn the theories of these "great masters"

you will not be able to make money in the short, medium or long term

After all, most of these theories are hindsight

They can only be used for analysis

but not for prediction

So if you really want to study the "technical aspects"

Just work hard on reading financial statements and data analysis

Predict the possible trend of a company based on its normal operation

At a high level Conduct investment transactions on a quarterly basis

First of all, people who like to study technical aspects are usually people who believe that "the market reflects all information". This logic itself does not have a big problem, but the problem is that many people It is inevitably biased to limit technical research to the exploration and use of various so-called "technical indicators", because on the one hand, the indicators themselves are lagging behind, and many of their evaluations of results are based on the "carving a boat and seeking a sword" style. In terms of derivation, this will inevitably lead to the embarrassing situation of "sometimes it works and sometimes it doesn't."

As for whether to do short-term, mid-term, or long-term, this question is not necessarily related to whether to do technical research! Those who do fundamental research also do short-term, mid-term and long-term, but relatively speaking, there are more long-term! The same goes for those who do technical research. They do short-term, mid-term and long-term, but there are more short-term and mid-term!

From my personal point of view, in actual operations, I basically focus on short-term operations, and basically do not do mid-line or long-term operations, but the reasons are not what most people think: I personally have strong stock picking skills, either to make quick money, or for speculation, etc. But as someone who has been practicing in the A-share market for more than 20 years, I have been involved in both the short, medium and long term.

But in my opinion, the long-term is based on inferring the results after a long time span, and because the time period is too long, countless variables (such as market environment, product substitution, etc.) will be generated during the period. , industry changes, industrial policies, corporate competitiveness and R&D capabilities, team management capabilities and even the personal character of the actual controller, etc.), any major change in any of these variables may directly cause subversive changes in the results. Therefore, in my eyes, long-term investment is more like a kind of gambling. The time cost is too high and the certainty is too low.

On the contrary, short-term is the opposite. Due to the short time span, there are fewer variables, and even if there are changes in variables, the impact on the results is relatively limited, so the certainty is higher, so this is why I choose short-term and The main reason for pursuing certainty and seeking capital growth through the compound interest model.

Of course, short-term trading also requires higher stock selection capabilities and operating strategies. These require correct and efficient stock selection methods and logical and systematic operating strategies as support, relying more on Accurate grasp of human nature and emotions, these have nothing to do with traditional so-called technical or fundamental research!

Stock trading generally starts from the technical aspect, because the technical aspect allows you to quickly and directly understand the stock market. It is easy to learn, but difficult to master.

What are the characteristics of people who like to study technical aspects? We talked about the characteristics of technical analysis earlier. People who like to study technical aspects also have the same characteristics, which is simple and crude. In fact, in stock market trading, not to mention all traders, 99% of traders know some technical analysis. Therefore, it is difficult to summarize the characteristics of those who like to study technical analysts. I am also a trader who likes to study technical analysis. I like to study technical analysis because of its intuitiveness and sophisticated operations, but I also like to do fundamental research. The combination of the two can greatly improve the success rate of transactions.

Technical analysis can be done in short-term, mid-term and long-term.

I have a deep understanding of this aspect. From the short-term at the beginning to the current band, there are also long-term developments. I have experienced all trends. Some people say that technical analysis is only suitable for short-term. This is pure nonsense. Technical analysis does not differentiate between levels and is applicable to all levels. Therefore, if you operate at a higher level, it will be long-term, and if you operate at a lower level, it will be short-term. The analysis ideas are the same.

For stocks like the one pictured above, I looked at the trends in the last dozen trading days and pulled up sideways. Today, there was a small increase in volume. From a technical perspective, today is a buying point. Sideways is a strong adjustment. Today the market fell but he did not fall, which shows that he is doing better than the market. As long as the market stabilizes, the probability of this stock breaking out is very high.

Look at this one again. It is very similar to the graph above, but it was a daily chart. Even if it comes out, it will only last a few days. But this one is different. This is a monthly chart. If It will take a few months to get out.

Let’s look at this one again. The trend is basically the same as the above two, but it is only at the 5-minute level. If it goes out, it may only take a day or two.

Summary: It is difficult for people who like to study technical aspects to summarize the characteristics, because traders must study technical aspects. By studying technical aspects, you can do any kind of trading, whether long-term, medium-term, or short-term. It's just that the level of operation is different.

I am a purely technical trader. As for the characteristics, I don’t understand too many influencing factors. It is better to return to the simplest K-line. Isn’t there a saying that “the market trend explains everything”.

Since market trends represent everything, studying other things is not as intuitive and effective as studying market trends, and it can also concentrate your energy and save time.

What you do in futures is short-term within the day, and in the stock market, of course, it is medium- and long-term.

I have said too much about futures trading. Today I would like to take this opportunity to talk about stocks. I am also a purely technical operator of stocks. I don’t know about financial statements, market sectors and the like. How to study? Besides, even if you study, you may not be able to prove that your research is definitely correct. You can simply return to the original appearance of the market:

Although there is a certain degree of adjustment in the middle, this is not true for the trend. It is also normal and inevitable behavior, so I am very clear about the tolerance of this system for retracement.

Since I don’t have the energy to study and keep an eye on this market, I will rely entirely on trading signals to operate. This way I can greatly avoid losses in the bear market, because all the stocks I buy must be in the rising market. , so while the operation is simple, the risk is also very low, because all I buy are stocks in the bull trend.

Regarding stocks, I am a purely systematic trader. Because I don’t understand and don’t know how to research, I simply follow the market based on the trend model.

Futures are different. I am a breakthrough trading model, so I know very well how to seize intraday opportunities and select varieties. These are all done manually, and the technical selection of opportunities and varieties is .

This completely separates medium and long-term and short-term transactions. They do not affect each other and each has its own advantages. Stocks can only make profits when they rise, so I will only choose the system to give long signals and stocks. Only when the price is above the average price line will you consider buying, otherwise you will wait and see, and only operate two stocks to ensure the stability of the system.

In fact, many people start stock trading from technology, and the so-called research is also attracted by technology.

People who study technical aspects cannot say that they cannot do long-term business, but few can hold stocks. Because stocks fluctuate, fluctuations will lead to technical deformation, and technical deformation will affect your decision-making. Therefore, many long-term studies on technical aspects are actually not done well.

Of course, this does not mean that no one can do it well. Some technical researchers who look at long-term indicators still do very well, but compared to fundamental fans, they may be worse.

It is worth noting that we do not doubt the operational reference significance of technical aspects, but under the trend of market development, especially under the reform of the registration system and the improvement of the system, the market pricing mechanism will play an important role. , the trend of value investment will become more and more obvious. For investors, they might as well learn more about fundamental analysis so that they can conduct better value analysis in the future development process.

The technical aspects are basically short-term, and of course there are also medium and long-term ones. Whether you are doing short-term or medium- to long-term operations, you must learn to look at the market in order to judge individual stocks well. Short-term trading generally focuses on strong stocks and also depends on the individual's ability to withstand pressure.