For example, at the end of 2007, after two years of bull market, the Shanghai Composite Index began to fall sharply, from more than 6 100 points to around 4,800 points, and then consolidated. From June, 65438+February, 2007, 65438+February, 24, 2007, four middle daily lines were continuously pulled, forming a W-bottom shape.
Many speculators entered Man Cang to bargain-hunting, thinking that this time they finally got the bargain-hunting. But not long after, the Shanghai Composite Index continued to fall sharply after falling below 4,800 points, and a large number of bargain hunters were at a loss.
Later, when the Shanghai Composite Index fell to 4,400 points, many investors could not resist the temptation of the bald and barefoot Dayang line, which fell by 8% on February 4, 2008.
I remember that the newspaper at that time published a photo in the financial section, in which a group of investors were happy, and the caption was: The last investor who copied it finally showed a long-lost smile.
However, within two weeks, the market fell wildly again, and another batch of hunters turned over and fell. The same scene appeared around 3 100 and 2600, until the Shanghai Composite Index fell to the real bottom of 1700.
Before this, how many investors were trapped by seven or eight hundred points or even thousands of points in order to copy the Shanghai Composite Index? This is a bloody lesson.
If we avoid being too hasty, give up the greedy bargain-hunting, don't be smart and always want to seize all the markets, but bravely give up the fish head and tail, and then trade after the trend is clear, so we won't be seriously trapped before the market comes.
What a painful lesson it is to wait for the solution instead of huge profits when the market goes up, thus losing the profit opportunity for almost a whole year.
The essence of trading is not to predict, but to follow. The bottom of the trend market is not predicted, but the result of our continuous follow-up according to our own trading system.
Livermore, the master of futures trading, also made this mistake in the previous operation. Once when he was operating cotton futures, he saw that cotton fell to a low level and the price hovered within a small range of-0/2 cents per pound/kloc.
He thought that the price of cotton had reached the bottom, which was the best time to establish a strategic position, so he began to buy a lot of cotton.
Strangely, the price went up as soon as he bought it; Once he stopped buying, the price began to fall back to his cost price and stopped for a long time.
Unable to bear his inner panic, he closed all his positions and lost about $30 thousand. On the same day he closed his position, cotton began to rise again and entered the original consolidation.
He bought cotton bulls in the same place. Strangely, just after he opened his position, cotton fell slightly again.
He closed his position in a hurry and lost more than 30 thousand. After five or six times, Livermore lost more than 200,000 dollars back and forth.
Just when he was depressed, cotton futures broke through the four-month consolidation area and rose sharply. At that time, Livermore described it as like seeing gold everywhere, but without shovels and trolleys. He ran out of money. Finally, the master warned people:
The huge losses of most speculators stem from the battles that oscillate at the bottom and top of the trend. If we give up trading in these two markets, you can enter another realm of futures and your trading performance will be greatly improved.
Almost everyone who enters the futures market has read many trading books, among which one is highly praised: "Give up one wave and make three waves". However, in the actual transaction, how to determine the three waves is often a headache.
In fact, as long as we start looking for opportunities to trade when the trend is completely clear, that is, when the moving average is completely long, then although we only earn a small part in the whole market, we are far from the risk.
There are many trading opportunities in the market, and one or two varieties are in the market with obvious trends every month. But then again, even if there is no trading opportunity at all in the month, we can stop trading and wait for the opportunity.
Regarding the liquidation of the band, what I want to say is: treat each pause as the head, make a profit first, and then re-enter the market when you understand it, so that your operating performance will be greatly improved, and you can also greatly improve your speculative income.
One of the main reasons for the failure of novice trading is that it is unclear whether this time is a long-term order or a short-term order, and when it appears. It's very simple now. As long as there is profit, come out as soon as the market stops, and don't always want to catch big fish.
Think about it, the profit of one admission is 1 0,000, and 10 times is 1 0,000, that is to say, in the case of operating 1 hand.
If you operate 10 lots, more than 20 lots at a time, your income is higher than that of many high-paid wage earners. Therefore, there is no hurry to make money. What is important is to reduce the number of operations and improve the quality of operations.
I always do things slowly and surely.
Stick to it and earn hard.
That's a good question I just failed. Although I don't have much money, there are holes everywhere outside now. Although it adds up to more than 200 thousand, it is really a penny that beats the hero. The monthly loan, plus the daily expenses at home, and the debts to be paid at the end of the year, I don't want to wake up every day and want to sleep to death, but I can't move on. The sun won't get up late because of someone, and escaping can't solve the problem. We can only correct the road, actively face all problems and solve them. After the failure, we lost patience. Let's calm down, lower ourselves, do what we can, keep a continuous income, and then collect all the sideline businesses that can make money, pay off the foreign debt as soon as possible, with the intention of starting over. That's what I did. Come on, friends.
If you like me, please pay attention and pay attention to more follow-up answers.