Think about who is losing money.
An interesting way for some well-known traders to arrange trades is to think about who you want to make money from. Everyone who enters the market obviously wants to make money, but it is impossible for everyone to make money. Someone is always losing money. You make money, others lose money. If you earn, you lose, and if you lose, you earn. A senior futures trader thinks that you should know who you want to profit from. If you buy it and think you are right, then the seller also thinks he is right. People want to make money from people who misjudge. Of course it is. Some trend traders, or trend traders, usually make money through hedging. Because hedgers usually sell when the market goes up and buy when the market goes down.
Stop loss in time
When you lose money, you should make decisive decisions, stop trading and reduce losses; When your trading position is profitable, let it grow further, which is an old creed. Many traders repeat this creed. The common mistake of many novices is to hold on to losing positions, thinking that the market will reverse. When their positions were profitable, they withdrew from the market prematurely. They were too eager to get the initial profit and lost the opportunity to further increase the profit. They are worried that their profits will be lost. Successful traders always make up for some small losses with a small number of big money transactions. The usual psychology of novices is to get out as soon as there is a profit and stop as soon as possible, rather than let the profit continue to grow. Novices in the futures industry should learn to restrain their desire to be satisfied with small profits in order to expand profits. The latter is difficult to do.
Don't get emotional.
Experienced traders warned against trading by feeling. It's important to keep a steady mind. This is especially important when doing futures trading. Professional traders emphasize: remember that the market is not an individual's behavior. They believe that losing money transactions are often caused by emotions. Some novices often forget everything, and trading by feeling is bound to be repeated and inconsistent. And I can't think clearly. It is important to develop a trading method and stick to it. If the method is effective, discipline and patience are the key to making money. Novices tend to get emotional, but good traders don't. Don't insist that a position is correct and the market is wrong. The market is always right. The market has nothing to do with your opinions and positions.
Follow your own trading rules
Some well-trained traders can always make money by using the tried and tested trading system. Those who lack the code of conduct often fail to adhere to consistent trading behavior. In the process of trading, half-hearted, capricious and inconsistent will ruin all profit opportunities. The advantages of some good trading systems require perseverance. If you change or abandon a trading system or trading plan at will, then you have no trading system or trading plan at all. Some experienced traders believe that when you just lose money, replace or give up a trading system, it may be the turning point for this trading system to make money. Therefore, it is very important to maintain consistent trading behavior.
Take care of your money.
Senior traders suggest setting a certain proportion of funds to take risks. The proportion of funds that can bear risks can be 2% or 3%, and this proportion should never change. It is very important to maintain the risk percentage of a continuous portfolio. Some novices think that one or two transactions can make a lot of money, which is a big difference between professional traders and amateur traders. This is the management of losses. Setting a risk-taking percentage for your own funds can reduce the transaction scale, maintain capital and limit the degree of loss in the case of continuous losses. With the reduction of the number of trading contracts, the return of funds will also be restricted. In this way, the transaction scale can be consistent with the capital scale. When some novices encounter losses in their positions, they often can't stand the temptation to take more risks in order to reverse the losses. The greater the risk, the greater the loss; In order to make your position profitable, you should stick to it. Reasonable fund management is to spread risks.
keep abreast with the times
This is a sentence repeated by some old futures traders. This is the only way for futures trading. Successful traders believe that it is not important to predict the trend and ups and downs of the market, but it is important to follow the trend. Many traders suggest following the trend of market development, in other words, following the trend of the market, following the trend until the end. The advice of some experienced futures traders is: never make irresponsible remarks about the market and express some opinions. The general trend of market development is your friend. You just trade with the trend. Let the market tell you which direction to go. A famous futures trader once said that when the market develops into a big trend, it means making money, and when the market turns to a fork, you can't make big money.
Know when to leave.
Traders should know when to quit the market. No matter what system they use, they know when they have to go out. This will help traders get rid of the half-hearted approach, adhere to a certain system, and also reduce losses. Stop loss orders can be set to reduce losses. The market may not agree with the timing of your entry into the market, and the market is not interested in when you leave. The market always operates according to its own laws. You must set a stop-loss order according to the movement law of the market. Considering that sometimes when your trading position loses money, it is a turning point, so you can't set the stop loss order too dead. When he wants to place a stop loss order, he should take into account the volatility of the market. Instructions should be based on market indicators. For example, an average market price is usually the lowest price at a certain stage, and some traders set stop-loss orders at will, regardless of the market operation mode. They are likely to lose money in this way. If the market order is specified on the basis of a certain amount, it will often reduce the amount of losses, but it will increase the number of transactions with losses. If the stop loss order is set too dead, a series of loss-making transactions may occur. When to withdraw from a transaction and suspend a trading position, there is a fundamental basis to "avoid the desired transaction". Hoping to trade is hoping that the market will reverse when there is a loss.
Always remain humble.
Those who think they are smarter than everyone in the market think they will always be lucky. Their views won't last long. Be modest in front of the market. Otherwise, the market will let you know that this attitude will go wrong. The market will humble you. This is what a famous trader said. Some traditional views are usually wrong. When you think the information you have is great and valuable, maybe someone else already has it.
The above are some concentrated experiences, which are also of great reference value to China's futures industry. Experienced futures traders believe that these standards are the key to the success and survival of novice futures traders in the futures market. Violation of these standards will lead to bankruptcy. In the cruel speculation, following these guidelines can avoid becoming a "lamb on the altar". The reason why some amateur traders will never become professional traders is that they don't follow these trading rules. They can't succeed and always fail. As long as one or more trading rules are violated and human weakness cannot be overcome, it will be difficult for these novices to survive under the cruel test of the market.
:(? )?