Speculators describe some psychological processes of the author's trading system from the philosophical and ideological levels. As far as traders are concerned, the core is two things, one is thinking and the other is self-discipline. For me, self-discipline is much more difficult than thinking. Self-discipline is doing, and knowing and doing need to be integrated.
From the perspective of thinking, I like to think about some new ways. This may be true, but the mistake lies in a serious lack of self-discipline. For example, when I was a student, I always made some low-level mistakes, such as reading wrong words, adding, subtracting, multiplying and dividing. This kind of mistake happens again and again. I've thought about some coping strategies, and I've been thinking about some complicated methods, but in the end I can't because I can't implement them at all. Why can't it be implemented? This process itself is anti-human, forming a psychological conflict, that is, inner conflict, which will naturally aggravate internal friction and eventually lead to failure.
Intuition has always been something I am proud of, but it has created many contradictions and conflicts for me. Basically, I don't seem to know what intuition is. I have always thought that intuition is omnipotent, but in fact it is just the idea that intuition is the accumulation of one's own knowledge and practice. That kind of knowledge has completely penetrated into a person's bones, and the subconscious mind naturally handles it.
The first chapter itself is called transaction, but from the perspective of vocabulary, everyone knows what it is, but from a deeper level, it involves their own understanding of the philosophical level of transaction. Speculators' trading generally refers to stocks, futures, bonds and various financial instruments, which is a business at the lexical level. But if you add a prefix to this transaction, the artistic conception of the transaction seems to be on a higher level when it is profitable, and there are many things to discuss. At this time, technocrats and investors can make a long speech. But if you add a prefix to a profitable business, it seems to go up a stairs. Profitable business is more like a theoretical level, and profitable business is a theoretical and practical level, involving theory and individuals.
There are many stock market theories, such as MACD, EMA, ACBC, RAS, K-line form, Dow theory, wave theory, entanglement theory and so on. These are all good theories. Oranges are born in Huainan and oranges are born in Huaibei. Theories are seeds, which need personal practice to take root and sprout, and eventually grow into oranges or oranges. If people are compared to climate and theory to seeds, will the right seeds and the right climate take root?
Trading styles can usually be divided into two types, one is left trading style and the other is right trading style. The trading style on the left advocates that the market is predictable, while the trader on the right advocates that the market is unpredictable. When introducing these two styles, the author mentioned two great philosophers. One holds that history is always repetitive, so it is predictable, and the other holds that the world is extremely complex and changeable, so it is unpredictable. Do traders have to fix two trading styles? Maybe not. Just like intuition, sometimes the correctness of intuition is more sensitive than the trading system. The trading system is more or less mechanical, but intuition is spiritual. But it is also wrong to refuse the mechanization of the trading system on the pretext of spirituality. But how to balance this problem may lie in fund management. The existence of spirituality will destroy the trading system to a certain extent and cause certain confusion.
What is the philosophical basis of my own trading theory? I think the trading market is a reflection of the real world. There are two forces in the market, rational and irrational, which constantly raise prices to prove their correctness. This trend is not caused by price shock, but is determined by the moment when the real world has undergone tremendous changes. The price itself is the reaction of all participants in the market, and all price changes can be used as a reference. What is more needed is independent thinking and confirmation with the real world. At the same time, there is a huge irrationality in the market. How to grasp this irrationality? This is also a question worth thinking about.
What is theoretical will eventually be summed up at the practical level. Theory guides practice, and practice involves personal cultivation and fund management strategies.
to be continued ....