First, don't trade by luck. Don't take the opportunity to gamble just because you win money or dream of making a fortune playing mahjong. Although luck is also one of the factors for the success of futures trading, it cannot be taken for granted as an important factor, let alone the only one. Investors should put aside the temptation and misleading of luck, concentrate on learning the basic knowledge of the market and take the first step in trading. As Sun Tzu said in The Art of War, "Success comes from many people, even a prophet. Prophets should not be taken from ghosts and gods, nor should they be like things, nor should they be measured. They must learn from each other and understand the feelings of the enemy. "
Second, understand the nature of speculation. Speculation is a trading behavior that uses the market spread to buy and sell and gain profits from it. Success and failure, risk and return are two sides of speculation. Before entering the market, you can fly the wings of imagination and enjoy the feeling of success. Once the real money is invested, the market fluctuates like stormy waves, and the winners and losers alternate like wheels, which makes people breathless. High returns always match high risks. You can't just like high returns and ignore high risks. Don't fantasize about high returns until you have accumulated enough courage and knowledge to face high risks, because it is very dangerous. Investors should know that they are involved in high-risk speculation, and make sure that they understand the basic knowledge of the market and some analytical skills. It is very inappropriate to start trading when they are hot and ignorant. "The Art of War" said: "Know yourself and know yourself, and you will be invincible; If you don't know who you are, you will win and lose. If you don't know who you are, every battle will be very dangerous. "
Third, stop loss is a technology that must be learned. The importance of stop loss cannot be overemphasized. Stop loss will inevitably arouse inner waves and mixed feelings, but it also limits the loss and protects the principal and profit. If you think you are superior in technology (in fact, it is just accidental luck), you will suffer more losses and more pain if you don't set a stop loss and don't implement a stop loss plan. "The Art of War" said: "If ants are too angry and attach themselves to it, killing one-third of the soldiers and not pulling out of the city, this attack will also be a disaster." You should stop fighting before losing one third of your troops, and one third here is Sun Tzu's stop loss point. The same is true of trading. You must establish a stop loss amount (or proportion, or amount) and be prepared to accept it.
Fourth, know the importance of principal. Holding the capital that I have accumulated for a long time, I plan to earn some money to improve my life. Can the principal meet the living expenses without earning that little money? Making a little money is just being rich. If you lose the principal, you lose everything. Why take a certain amount of principal to get uncertain income? Starting a speculative journey with a beautiful vision will not help, but will become an unbearable burden. When the actual transaction results deviate from the vision more and more, the principal is also lost, and the psychological gap is huge. Sun Tzu's exposition on cautious warfare is very suitable for this situation. "People's expenses ... one seventh of ten, and public expenses ... ten to the sixth power." "So, be careful, monarch him to the police. This is the way to defend the country and the whole army. "
Fifth, waiting is also a kind of transaction. Waiting is not doing nothing, waiting itself is a kind of transaction. The market is evolving every day, and every day is different. Some people can make a fortune in minutes, while others only do it a few times a week and a few times a month. There is a fluctuation of several percentage points between the highest price and the lowest price in the cycle, and the rising and falling points can be converted into money. Is every day an opportunity for ordinary traders? In fact, the market is "grinding" most of the time, minute by minute, day by day, and most trading days are of no trading value to ordinary traders.
Technically, breakthroughs and trends are trading opportunities, but breakthroughs do not happen at any time and will not happen in a certain cycle. The trend is not formed overnight, and the top and bottom are mostly determined afterwards. Therefore, in those "honed" days, waiting and observing are a natural part of trading technology. Sun Tzu said, "Stay together for several years to win one day." This "being together for a few years" means waiting, accumulating quantitative changes and waiting for opportunities.
Sixth, be psychologically accurate. Winning or losing will cause psychological fluctuations. Winning will lead to arrogance, losing will lead to anger and humiliation, and even excitement and fear in the preparation stage of trading, leading to inaccurate behavior, increasing trading frequency, or giving up completely. Before trading, in addition to making technical preparations, determining the stop-loss price, target price and trading price, we must also accept the trading results psychologically and accurately. Once the stop loss ends the transaction, we should feel at ease about the real money lost, instead of blaming the market for being wrong. You just need to accept the score you won, and you don't need to be overjoyed and arrogant enough to affect the follow-up work. In other words, whether you win or lose, you should build a "breakwater" psychologically, and then go into battle easily, trade calmly and live calmly. Sun Tzu said, "Therefore, the change of nine places is the benefit of flexion and extension and the principle of human feelings.