For investors, it is obvious that the futures market is changing rapidly. It is not easy for anyone to make a quick and correct judgment in such a short time. This requires investors to include all the "possibilities" of the market in our plan as much as possible at the beginning of the transaction. Always deal with the market, not guess the market. The most important thing in making a trading plan is completeness and continuity, and the most taboo is "going one step at a time". In that case, it can only be self-defeating and wrong step by step.
2. Don't modify the trading plan easily, and be a firm executor.
If imagination is needed in the process of making a trading plan, it should be abandoned after the trading plan is completed. What we need is to wait for market verification and resolutely implement it. We don't modify the trading plan easily just to keep our initial understanding of the market, because with the passage of time and the operation of the market, our mentality and judgment are easily influenced by the market. At this time, if we modify the trading plan, it means giving up the original judgment and being objective. In addition, after the establishment of the trading plan, execution is often the final factor that determines the success or failure of the transaction. After making a correct trading plan, many investors often fail to implement it firmly and always make arbitrary mistakes. In the end, they can only say: "The change of the market is completely in our expectation, if I resolutely implement it ... but there is no such thing as if."
3, don't stay in the debate on basic analysis and technical analysis, be decisive.
There are two schools of analysis in futures trading, one is the basic school and the other is the technical school. We don't need to argue which analysis method is more advanced, just need to know which analysis method is more suitable for us. Some people say that technical analysis is only suitable for short-term, but the monthly and annual lines of technical drawings can be used as the basis for long-term analysis; Some people say that basic analysis can only be used as a trend judgment, which is very sudden, but fundamental changes are also affected by market trends. Therefore, any analysis method is just a tool, and what is ultimately needed is your own determination. Without determination, opportunities will be lost.
Don't expect too much from the market, and keep a cool mind.
Many investors can maintain a relatively peaceful and stable attitude at the beginning of entering the market because they didn't see the market opportunities at the beginning. With the deepening understanding of the market, these opportunities have become the expected weights, the balance of mentality has begun to shift, and heavy trading has become the main means. In this way, investors are easy to fail and are quickly eliminated by the market.