1999, mung beans had a very strong bull market. I had just been in the business for less than two years. Due to my inexperience, I was bearish against the trend in the early stage of the rebound. Fortunately, I stopped it in time. Although short against the trend several times, the final loss is limited. Then I found my mistake in contrarian trading and began to look at it resolutely. By this time, Mung Bean had completed four waves in Xiao Jiu (in hindsight), and I didn't delay too much. But because I started to prepare more orders,
After the Xiao Jiu wave, the market fluctuated greatly, and the increase was already considerable. Everyone in the market began to be bearish. Under the principle of homeopathic trading, I still insist on watching more. At that time, I was the only one in the market, and the fiercest last wave, the five big waves, began. Although determined to be bullish, I watched the market rise because of the misjudgment of the technical cycle in one day. By the time I realized it, the price was already high and the increase was frightening. After the market ended, mung beans rose from more than 2,000 points to more than 3,000 points, and the trend was rhythmic. In such an easy-to-be-captured market, I finally suffered a loss: in this process, I kept buying and selling, and after more than ten operations, the result was still beyond my means.
I found that if I insist on homeopathic trading from the beginning, if I buy instead of shorting, but leave after making a profit, even if I only do it once, the profit will be enough to resist all losses, and there will be a lot of surplus. As for me, in doubt, fear and hesitation, I either do the opposite or lose the opportunity. I managed to catch it once, but I hurried out. The result of frequent operation is not as good as the result of letting it develop itself after doing it once, even if it is only done once every ten times.
I chatted with an old futures trader about my ideas, and finally I said, it seems that I still have to do long-term work. When another futures trader heard this, he sarcastically said, I want to be a long-term trader if I can't do it well in the short term. I thought, yeah, look at the way you make money and are in a hurry to get out. Do you have the patience to do long-term work? Let's fire your short-term job. There used to be a little spark of long-term trading that flashed and went out.
Several years have passed, and my trading ideas and technical analysis level are not what they used to be. I finally understand that not trading in trends is my deadlock. To be a pure profit trader, I must take this step. The biggest obstacle before me is that this idea is a great challenge to patience, and I am not confident about it. Secondly, I don't know how to deal with the first round of callback after entering the market technically, but these hurdles have never been met, otherwise all my efforts will be in vain, and my dream will really become a dream forever.
Finally, these questions are not as difficult as I thought. Through constant psychological suggestion training and modification of trading rules, I finally got over it. I finally opened a door and understood most of the conditions needed for the success of this market. I found the answers to all the puzzles from the beginning.
In fact, I believe there are many people who succeed in the short term in this market. I don't deny this, but most people rely on short-term operation and have no future, because most of us are still ordinary people. Even if you think your qualifications are better than others, please don't forget that everyone who enters this market has the same confidence as you, otherwise they won't choose futures. Of course, I may be a little arbitrary because of my own experience, and your short-term skills may be superb, so you should take this article as a story.
I made this assumption a long time ago, and my search path is also based on this assumption: in fact, the process of finding a successful trading method is the process of constantly reflecting on one's behavior and constantly improving one's mind. In this process, there are many difficulties to be overcome, many laws to be discovered and many truths to be understood. After everything is done, it will succeed, and mistakes in any link will lead to failure.
Of course, everyone knows how difficult it is, otherwise the futures market will not have so many regrets. The weakness of human nature also restricts us from reaching this ideal state, which is why countless people have lost their lives in this market.
But for most people, even the vast majority of people, mentality is not the most important, because these people have not mastered the basic skills, just like those who practice martial arts, they have not practiced "horse stance just look" and have not learned the basic moves of martial arts. They mistakenly think that they can't beat the master because of their bad mentality, such as timidity, fear, anxiety and fear. When playing against the master, I can't beat my predecessors.