Have you ever seen how lions hunt? It waits patiently for its prey and only jumps out of the grass at the right time. Futures experts have the same characteristics. He never operates for the sake of surgery. He waited patiently for the right time and then took action. Only by doing the right things at the right time and in the right environment can we get the expected results. Unfortunately, for amateur traders, it is often because of lack of patience that success is missed.
Successful speculators have a way to calm their minds and know how to leave when they can't restrain their fluctuating emotions. Successful futures traders must concentrate on observing every change in the market in order to make appropriate decisions and make profits in the market.
The more the futures market changes, the more we should remain calm and wait patiently. Ironically, most investors are the most cautious when they should be the most daring, but they are surprisingly bold when they need to be cautious most. When holding a list that is expected to be profitable, they feel that its rise will be limited; When the rising trend was clear, they were scared to death, fearing that profits would be fleeting, so they missed the opportunity. To make matters worse, when he was waiting for profits there, the result was real risk.
In futures trading, waiting can be divided into active waiting and passive waiting. Passive waiting is helpless, such as a special solution after being locked up. Active waiting is to wait for the opportunity, which is based on a profound grasp of the general trend and a profound study of the operation law, and then formulate corresponding strategies and tactics to wait for a special attack on the Japanese target.
1, the waiting target must be clear.
What are the characteristics of the waiting target? What is the quantitative standard? What's the difference with similar trends? If we don't understand these problems, even if the opportunity is beating drums in front of us, we will be at a loss and wait.
2. Never give up halfway when waiting.
Waiting must be free from distractions. Don't panic because of short-term fluctuations, don't haggle over every ounce because of temporary gains and losses, don't listen to hearsay, and don't blindly follow suit.
3. Wait until the action is over before taking decisive action.
Do it when we get there! Once the target appears, you must attack decisively and don't miss it. If the futures market wants to bottom out, we must first know the top and bottom, and wait patiently for the top and bottom to appear, instead of rushing to shoot!
Livermore once pointed out: "A successful trader must, like a successful businessman, be able to correctly foresee the future demand, purchase goods in time, and wait patiently for the moment of profit." The "timely" here is by no means based on his own prediction. Futures operation is not entertainment, not seeking excitement, but a serious job! Patience is an important skill, and impetuous or distracting thoughts can easily lead to wrong decisions.
In fact, the futures market is not always full of opportunities, and we don't have to trade all the time. We must wait patiently for the perfect opportunity map that we can grasp to appear and make the most wonderful attack!
In this most patient market, if investors can't overcome the fatal weakness of impatience and impatience, they will definitely suffer losses, and waiting is the highest realm of futures trading!
Text/fable