However, the issue of execution is an unavoidable hurdle in the transaction, at least I came from here. From the first single day to a week, half a month, and then to the last two months, it is a fixed transaction. And then trade by feeling now. As for how to improve it, I think we should start from many aspects. Grasping only one aspect is definitely not comprehensive, and there will be a crazy feeling that my gourd has been chopped. The understanding of futures market and futures trading can be roughly divided into several stages: 1, simple tactics and execution. (It belongs to casual trading and emotional trading, and the narrow sense of execution is at this level and the second level). 2, system trading, strategy design. (This level emphasizes execution most) 3. Grasp the law of market price operation (3 is the appearance of price operation, which can be understood as 3 should not lose money, which can be approximately understood as a sense of disk) 4. Understand the futures market itself, that is, the overall understanding of all participants and stakeholders in the futures market. That is, the understanding of the nature of futures. (Futures are created by people, and so are futures markets and prices. Get to know it. ) 5. Know yourself. Harmony between man and the future, harmony between man and society. 1, 2,3 basically belongs to the category of natural science, and belongs to the realistic, observable, perceptible and quantifiable range. (But compared with traditional industries, 1, 2,3 is very abstract. The financial industry is really mysterious, hehe) 4 and 5 belong to the metaphysical stage, belonging to the category of ideological philosophy, that is, the category of social science, which is characterized by being invisible and intangible, and must rely on perception and consciousness. The whole system is a long chain, which is indispensable. Therefore, we only solve the problem of execution from the narrow sense, that is, the tactical level. Basically no solution, the reason is unknown. Everyone has his own experience. Say it 10,000 times: I am a killer, and I have no feelings. But I just can't do it. I am very helpless. .
Most people's exposure to futures basically starts from the 1 stage. First of all, as an ignorant novice, you must learn some skills and more or less financial knowledge at first, then predict the ups and downs and start to operate. Generally speaking, it is to lose less and earn more. Most people are killed at this stage, which is still far from execution. Then some people have some consciousness and perception, start to contact strategy design, and then enter the trading system stage, that is, the second stage, to design trading systems or trading strategies. People at this stage especially like to laugh at novices. They feel that they have mastered the trading system and mastered the skills of killing dragons. Everyone else is a vegetable. I used to think so. I think one skill is in hand, and the world has it. Futures is as simple as that. At this stage, the problem of execution appears.
Then talk about this stage in detail, because most people are stuck here, losing money and making money, but the funds just can't get up. The yield is comparable to Buffett, and life is close to killing Matt. The advantage of trading system is intuitive, quantifiable and repeatable, which gives us an anchor in the fluctuation and will not disturb our thinking and rhythm. Disadvantages are low output and uncertainty. In terms of yield, it is self-evident that it is difficult for the trading system to produce high yield. As for those trading systems whose computer tests yield countless times, give it a try. The best display space of trading system is short-term and ultra-short-term, that is, high-frequency quantization. Through a large number of transactions, even a small difference in winning percentage and yield can be infinitely amplified. In the medium and long term, it will not produce high returns. Why? Because of the second reason, uncertainty. You can't clearly know the winning percentage at this time, so you can't increase your position, so you can only reduce your position all the time. Uncertainty leads to light warehouse, which leads to low yield. Of course, if the amount of funds is large, the general rate of return can still have a great return. The problem is that most of us are tens of thousands or hundreds of thousands of futures, and we can't live with low returns. Finally, the amount of funds rises and falls, and I can't get up in three or five years, so I'm not in the mood. Either you become an old hand in futures and know everything, but you don't make money. Or there will be a simple gamble, and the heavy position will be suppressed, and it will be basically impossible to achieve, and finally it will end in tragedy. On the other hand, he complained that he had no execution. This process makes me feel uncomfortable typing. Don't write.
What shall we do, by going up one flight of stairs? Look further.
On the level of creating problems, no problem can be solved. -Einstein
The problem of execution comes from the level of trading system. You solve the problem of trading system at the level of trading system. Just like lifting yourself up with your hands, try and think. Technically: modify parameters, change indicators, and change moving averages? Action: Shouting slogans, even corporal punishment, chopping hands? Millipedes can't stand chopping, brother. People have earned billions, and if they do this, they will die 800 times earlier.
To solve the problem of execution, we must go to a higher level. It is the third stage, the judgment and understanding of the market price trend, that is, three stages. This stage can be regarded as a shallow level of consciousness, close to the ideological stage, but it is still based on intuitive things, such as the sense of disk, shape, strength, variety linkage, etc., but it has basically jumped out of the dead mechanical formula and turned to a higher level of understanding of the market. It is easy to play a lot of tricks at this stage. For example, a wave of market starts directly from the starting point and doubles. The simple feature is that you can perceive the changes in the market, seek advantages and avoid disadvantages by feeling, seize favorable stages to avoid unfavorable fluctuations, and then make profits through some formulas formed in two stages. It can be seen as a systematic transaction beyond the formula. However, there is also a big problem at this stage: I don't really understand the essence behind price fluctuations, but I feel it myself and have no theoretical support. Because of one or several mistakes, it is easy to doubt your own. That is to say, if it suits you, you will double it. It doesn't feel right. After a few times, it will be halved. At this time, you can either go back to the second stage and keep a basic disk. But going back, because I have subjective thinking, and then making a formula, will be very uncomfortable and painful. Either the account is ups and downs, and finally it is gone. But at this stage, I basically won't talk too much to others and gradually become silent. So is there still a problem of execution at this stage? Yes, but very few. Generally, I don't feel that my performance is not good, I don't blame myself, and I will pick my hands again. Because what is the focus of this stage? Judge. Because I have my own judgment on the market, and I am successful in many cases, I also have some confidence, and I will definitely not entangle myself again. Therefore, the problem of implementation has basically disappeared at this stage, at least it is not the focus and obstacle.
Straighten out the logical relationship,
On the second floor, I can't grasp the market rules well and can't judge at once, so I use the system and focus on implementation.
The third floor has a certain grasp of the market, not sticking to the system, but focusing on judgment.
Stage 2 is a bit like a machine, and stage 3 is really like an operation. Many people regard stage 2 as the ultimate of futures and cannot be completely wrong. If the machine can achieve the ultimate, it is also great and the peak of human science and technology. But I only said subjective trading.
If the three-story building wants to go further, get rid of the ups and downs of accounts and psychology, and realize the double harvest of material civilization and spiritual civilization, it must enter four stages and deepen its understanding of futures market and market participants, instead of indulging in price fluctuations and price operation modes. We must understand the law of human nature behind the fluctuation from the source. That is, ask more why? Why does it fluctuate? Why is it so volatile? What is the essence behind it? At this stage, there is no difference between fundamentals and technology, and fundamentals and technology and even news are integrated. Technical aspects reflect the behavior of all participants, while fundamentals make people seek advantages and avoid disadvantages, thus affecting prices, and news will also affect people's behavior. Short-term ups and downs are also the superposition of people's emotions. The strength expresses the expected deviation of participants, and the linkage reflects people's sensitivity to value differences. Everything is connected, and it will fall on a basic individual, every participant, every real person who opens or prepares to open a position on the computer keyboard. Behind the price rise and fall are countless people with flesh and blood and feelings. That's why I say people come first. All this, in the final analysis, is human nature. Seize the human nature and seize the market.
The main characteristics of the four stages are: there are fixed operations and no fixed judgments. Have a subjective tendency, no specific views. Many friends always ask me what I think of this variety, what I think of that variety, and what I can see with my eyes. Because there is no need to look, let the bullets fly, and what should come will come back eventually. The most important thing at this stage is the theoretical foundation, so we should read more basic social science books. One day, you will find that every classic book can find a perfect interpretation and annotation in futures, and the futures market is a miniature version of the whole world. I will sigh that the exposition of human nature, society and the world is so sharp and delicate, and I will marvel at the chapters. Although there are gains and losses at this time, your confidence is extremely firm, and money will come, because of human nature.
This stage is the real future. From the world outlook, futures outlook, futures strategy, tactics, sense of disk, intraday execution, to the final result, they are connected in a line and integrated into one, just like a perfect work of art, which makes people have to fall in love with futures market and futures trading. Market, market, where I was born and raised.
The key word of the four stages is humanity. One day you will find that you can go as high as you can understand human nature. The key to promotion at this stage is curiosity about people, humanity and the whole world. There is a saying that futures will be detached to a certain extent and become an unusual person. I think it should be just that futures can only be done well if you become a real ordinary person, a person who can understand people, a person who can perceive people and a person who can tolerate people. That is, there is a kind of empathy. Most of our original intention of futures is to make money, which is a material need, and it is a psychological need to prove ourselves, achieve ourselves and stand out from the crowd. But these original intentions are precisely the biggest obstacle to our development. We care too much about ourselves, care about ourselves, but we can't see ourselves clearly. We can't see the way forward, the road ahead, the people around us and the futures market. We should correct our views and lower our position, so that we can see ourselves clearly, see our true selves clearly and see our imperfect selves clearly. This is the fifth stage.
In fact, the fifth is the requirement for yourself. Through futures, I found my shortcomings, my psychological obstacles, my dark side, my cowardice, inferiority, timidity, greed, fear and vanity. Be brave after knowing shame. Only by constantly understanding the market and the people in the market can we constantly understand ourselves and correct ourselves. Whether you get along with your family or friends, it is actually the same for the futures market. Through the experience of the market, I learned to get along with thousands of people in the market, correct myself, and finally satisfy myself materially, so that people around me can live better, benefit more people and get along better. Such a life is worth remembering.
Reply to the full picture.
1 stage is to judge the ups and downs at will, pursue information, operate at will, and finally be eliminated by the market.
Two-stage system, re-implementation, sustainability and repeatability, slow improvement of funds and mentality.
In the third stage, feeling is emphasized, theory is ignored, implementation is subtle, there are formulas, there are no rules, there are big profits and big losses, and it is difficult to be stable.
There are four stages: theory, understanding of human nature, sufficient experience, execution, methods and formulas are not the key points. Make big money at this stage.
The fifth stage is mainly to correct yourself and find yourself.
It seems a bit off topic, but it's from the heart. Don't blame it.
split line
By the way, one more thing.
Now I feel that I really need to do a good job in futures, constantly pushing down the previous things and re-establishing a new trading chain.
For example, at first, there was only 1, which means trading at will.
From 1 to 2, the system will execute again.
Advanced to 3 is 3+2, judgment+formula+execution.
Advanced to 4 is theory+judgment+formula+execution.
Advanced to 5 is values+theory+judgment+formula+execution.
4 and 5 are not easy to hang up because values and theories are very stable things, and buildings built on a solid foundation are not easy to collapse. 2 and 3 are easy to hang, 2 is just technology, without support. 3 is only experience and technology, no support. 1 must die. The thinking chain of 4 and 5 is very long, and theories and values are very mysterious things. Before your heart breaks down, you must really believe it. You can get what you really believe. It really belongs to believers. Why can you make money in four stages? Why do you still need five stages? Because the fourth stage requires brains, you can really think clearly, but you still have to play drums in your heart, which is unsustainable. The first heat, it is still possible to die. Physically, using the brain for a long time is also unsustainable and belongs to a high energy-consuming route. Earning money can make money, but it is not good for body and mind. It belongs to changing money for yourself. Only when you realize your own insignificance, give up yourself, embrace your own beliefs and turn what you think into what you believe in your heart, is the real achievement. I wonder how many people can get this. Therefore, 5 is mainly to shape himself into a person with firm beliefs and complete values, mainly to fight against the ups and downs of flashes and selfish ideas in his heart. 4 seeking outside, 5 seeking inside; 4 have confidence, 5 have faith; 4 promising, 5 inaction; Four brains, five brains. The state difference is obvious.