In more than seven years of trading, I have summed up some experiences and lessons, which I think will be of some reference to those who are interested in stock trading. The first one is to learn, learn and learn again. No matter what job you are doing, you must learn relevant professional knowledge. When it comes to stocks, there are many professional books and learning materials that are helpful to traders. And I still maintain the habit of reading a new book every two or three weeks, because I feel that all books about my work can help me learn new things. Trading work, like other industries, is constantly evolving. Only by constantly adding the latest knowledge can we keep up with the pace of trading. Second, we must learn to think independently. In the early days of trading, I found that I had a big tendency: it was easy to believe in other people's theories. Perhaps it is because I am not confident enough in my own level, so whenever I hear the analysis and theories of so-called experts and masters, I will accept them very easily. Actually this is not a good approach. Everyone's trading style is different, so a person must learn to have his own independent way of thinking and trading. If you listen to the opinions of every expert, you will often achieve nothing in the end. Article 3: Traders must learn from actual combat. "What you see on paper will eventually make you feel shallow. You must be respectful in this matter." Some people like to read a lot of books and study many theories, but they are just talking on paper. Once they enter actual combat, they are helpless. Just like learning to drive, no matter how many lessons you take, how many books you read, or how many theories about driving you learn, if you don’t sit behind the steering wheel and actually control the car, you will probably never learn to drive, let alone Facing complex traffic conditions. Only by driving on the road can you know what it feels like to drive a car and continuously improve your driving skills. In the early stages of trading, novices should do as much trading as possible, but the amount of each transaction should be relatively small. There are relatively more opportunities for novices to make mistakes. The smaller the number of stocks, the smaller the risk. But a lot of practice must be carried out. Without a lot of actual combat, it is impossible to accumulate precious practical experience, and it is impossible to truly learn this relatively complex skill. "He who stands on the shore and does not enter the water will never learn to swim." This is the truth. Article 4: You must learn to control your mentality. Be patient and disciplined. When a real good opportunity arises, take more decisive action instead of taking more rash action without thinking about it carefully. Discipline is the most important principle for traders. You should know when to buy and when to sell, and how to control your risks if deviations occur. If you make the right purchase, you must also be disciplined and don't sell a good stock prematurely just for small profits. This is a more difficult problem to control. However, with the continuous enrichment of practical experience, traders will continue to improve their discipline. In the final analysis, the simplest rule of stock trading is that when you lose money, you should try to reduce the loss as much as possible and sell the losing stocks as soon as possible. When you make money, you should try to let the profitable stocks make more money for you. Don't Sell ??a stock too soon that is making you money. This sounds very simple, but in practice it is very difficult. Based on my more than seven years of trading experience and observation, I have found that almost 70 to 80% of novice traders who fail do so because they fail to do this. After buying the wrong stock, they blindly hope that the stock will rebound. Some people will continue to double their purchases of the stock, so that their losses may become larger and larger. Although sometimes falling stocks will rebound, the probability is not very high. If the stock falls all the way, your losses will be irreversible. It's like running a red light while driving. In order to rush for time, you speed up and drive through red lights. Although this saves you time, or you run the red light without being seen by the police, and you do not cause any accidents. However, you should know in your heart that if you run red lights too many times, you will always be caught by the police, or cause a car accident and sometimes even your life. Buying stocks that are already losing money, or even doubling down on your purchases, is the equivalent of driving through a red light. Although danger may not always occur, once it occurs, this situation will be fatal. We all know that if you always run red lights while driving, life-threatening and huge car accidents will always be waiting for you not far away. In fact, the biggest difficulty that everyone faces, or the biggest enemy in front of them, is not the stock market, nor which stock to choose, but everyone's inner self-concept. Everyone has a self in their heart. When we read financial news, do analysis and research, or hear other people's opinions, we will have certain prejudices when choosing stocks. But only the real-time dynamics of the stock market are the only basis for us to make decisions, and we cannot let our preconceived opinions influence our minds. Experienced traders all have this experience, that is, they must not let their own ideas determine everything when trading. Everyone’s inner self often leads us to make unwise decisions. When a stock we bought is making money, our inner self will make us sell the money-making stock quickly. I am afraid that the profits that I can see before my eyes will disappear.

However, when we lose money, our inner self is often unwilling to admit that we have made a wrong decision, so we keep looking for various reasons not to sell the stock. At that time, our inner self will say, as long as I still have If I didn't sell the stock, I wouldn't lose money, and the stock would still rise. In fact this is just self-deception. The price of any stock at the end of the day represents its current value. If you don't sell and the price you bought at is higher than the current price, you have already lost so much money. There is no law that stipulates that the price of a stock will rise again after it falls, and no one can guarantee this. And those who have a very strong sense of self will never admit their mistakes. Even if the stocks they buy have fallen sharply, they will hold on to them as if they are grasping a life-saving straw. Because once they sell the stock at a loss, they are admitting they made a mistake. In fact, this is a very bad idea. No one can be 100% correct when buying stocks, and there will always be losses quite often. The problem is, when you lose money, try to control the amount of money lost to the minimum range, and when you make money, try to make as much as possible. The final result can make you a winner in the stock market. Article 5: Don’t rush for success when you start learning trading, start with small-scale trading. A mistake that many people, including myself, tend to make is that the initial trade size is too large when starting out. During my first year in the stock market, I made money for many consecutive days in one month. I felt a little complacent and felt that I should take advantage of the victory to expand my trading volume and earn more money. I went from doing 300 shares per trade, 500 shares per trade, all of a sudden to doing 2,000 shares per trade. My decision proved to be ridiculously naive, and soon my trading performance began to decline. Every trader's trading level cannot always be stable at the same level. Some days it was better, other days it was worse, and I was in the beginning stages, so I should have known that my level would fluctuate a lot. But I suddenly increased the trading volume, which added extra psychological burden to myself, and it didn't take long for me to stumble. After experiencing that setback, I learned to behave. I only added one or two hundred shares at a time, and it took several months before I started trading 2,000 shares at a time. Article 6 is that we should follow the general trend of the stock market and not go against the stock market. If the stock market is rising, we will buy it. If it is falling, we will sell it. This is actually a very simple truth, but many people like to predict when the stock market will reach its peak and when it will fall to its bottom. In fact this is very dangerous. If someone could always correctly predict when the stock market was going to turn around, he would have made a fortune long ago. In fact, no one has such power. For most traders, trading stocks is a bit like sailing a boat in a big river. If you go with the current, you will go more smoothly and can move forward without effort. But if you want to go against the current, you will have to do your best. Use all your strength, and if you don't do it well, the boat will capsize. I remember one time I asked a very high-level trader for the secret of stock trading. He said something very simple to me, but it was very inspiring to me. He said that it is not difficult to do well in stocks. You just need to observe quietly and don't always try to find a perfect method of when to buy and when to sell. In fact, there is no method that can 100% predict stocks or stock market trends. What we have to do is to observe the development of the stock market at all times and follow the development situation of the stock market. When we make a wrong decision, the trading computer will show that we are losing money, and at this time we should exit in time and sell the losing stocks. But many, many people cannot operate according to this principle. There are very few people who can truly defeat themselves and veto their own subjective opinions, so there are also very few people who can achieve great success in the stock market. Judging from my many years of trading experience, it is indeed very difficult to truly be able to completely control oneself. Although I realized this problem many years ago, in fact, to this day, I still find that I still Fighting hard against the inner self. It is very difficult to completely exclude one's own subjective opinions. But as long as we can realize the seriousness of this problem, we have already taken a big step in the right direction. Many people have gone through such a process on the road to pursuing success, that is, they have been looking for the secret of success from the beginning, always hoping that someone can tell us a magic weapon to win. Eventually we realize that the secret lies not in the hands of others, but in our own minds, deep within our own hearts. And our biggest obstacle to success is ourselves. The biggest enemy we need to defeat is ourselves. As long as we no longer expect to find the so-called golden key to success from others, then success will smile at us not far away. Article 7: Learn to control emotional fluctuations. In the face of the unpredictable stock market, it is extremely important to maintain a calm mind and stable emotions. In the fierce battle of the stock market, traders have to do many transactions every day, including profits and losses, losses and wins. The so-called victory or defeat is a commonplace in military affairs. However, how to control one's emotions and maintain a calm and stable mood and a cool mind is crucial and difficult for every trader.

Every trader, even a more experienced professional trader, is still a mortal in the final analysis. He has the emotions and desires of a mortal and has various emotions. When trading, he will inevitably have emotional fluctuations when facing different situations. , thus affecting the normal performance of one's own trading level. When I first started learning to trade stocks, I found that my emotions were easily disturbed by the results of each transaction. When you make money, you will be happy but unable to find any clues. When you lose money, you will be extremely upset and frustrated, and sometimes you will even get angry. But there are also some traders who are always very calm. On the surface, it is impossible to tell whether they are making money or losing money. It seems that nothing has happened. Even if they lose big and make big profits, they can always restrain their emotions. I envy this kind of psychological quality. I have spent a lot of effort in this area, reading many books on psychology, learning how to adjust myself, and face the stock market situation with a normal smile. I also asked traders I admired in many ways for tips and experiences in controlling my emotions. Gradually, I was able to face good or bad situations more calmly and cope with the ever-changing situation of the stock market. No matter what job you are engaged in, especially in industries with high competitive pressure, it is very important to achieve a relatively high skill level, control your mental state, and always maintain a cool head and a calm attitude. These are what a master must do Possess the psychological quality. After many years of practical trading and continuous psychological adjustment, I have summarized a set of methods to deal with the psychological state of various extreme situations. ?

When I do things very smoothly and feel a little arrogant, I tell myself: Trading is just a game that conforms to the theory of probability. When things go well, think about what to do when things go wrong. what to do. In addition, I remind myself that no matter how well I do now, there are mountains beyond the mountains, and there are days beyond the sky. There are countless master traders who are higher than me in the same industry. Not only are they more experienced than me, their trading performance He is also far better than me, so there is nothing to be proud of. At the same time, I also warned myself that if I am self-righteous, it is very likely that I will make mistakes that I should not make, and I will regret it later. When trading results are unsatisfactory, people often doubt their abilities and their self-confidence will be greatly reduced due to the blow. When I feel that I have these psychological conditions, I remind myself: Just as making money is part of the entire trading performance, losing money is also common for military strategists and does not affect my overall trading skills, so there is no need to lose confidence in myself. Furthermore, I like to compare trading with professional sports games, such as playing basketball. The highest level basketball league in the world is the NBA in the United States, and the greatest player in the NBA is Michael, who is known as the greatest star in the world. Jordan, his status in the hearts of Americans is simply like God. But his pitching hit rate is only 40%, which means that every time he throws a ball, there is a 60% chance that he will not hit. His pitching success rate is lower than his frustration rate, but this does not affect his ability to become the best player in the world. Great basketball star. In NBA basketball games, the shooting percentage of a professional basketball player is generally around 30 to 40%. Only a great star who can shoot without hesitation at critical moments has a chance to score. Therefore, one shot is not enough. It does not mean that he is not a good player. 100% shooting rate does not exist in reality. Sometimes I also say to myself, just like my favorite basketball stars like Jordan and Kobe, they sometimes fail to score 10 times in a row, not to mention that as a trader, I will not score for a period of time. It went smoothly. Thinking this way makes me feel calmer. I once saw an advertisement in the United States, made by basketball superstar Jordan. In the advertisement, he simply stated his various failures in his basketball career and listed hundreds of his last moments before the game. Missing shots at critical moments caused his team to lose the game completely, and he made thousands of other mistakes that he shouldn't have made, causing his team's results to be less than ideal. However, the last sentence of that advertisement is: "These failures are the reason for his success." I think the educational significance of this advertisement to us is that no matter what unsatisfactory situations and setbacks we encounter, we cannot give up our efforts. Only by persevering, believing in yourself, and working harder when things go wrong can you become the person who laughs in the end.

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