"How did you achieve so much?" The reporter asked.
"It's simple," Rockefeller replied. "My success depends on three things. As long as I follow them carefully, everyone can get unexpected wealth: first, I came to the office earlier than others, and I am more devoted and enthusiastic about my work; Second, after work every day, I always leave the office very late-at the end of the day, I gain a lot; Third, I am lucky! "
Unfortunately, the author of this book is really helpless about how to get rich. However, we can let you find an interesting "oil well" with great potential in the futures market and get rich returns-this "oil well" is yourself! We intend to help you understand and fully explore.
Personal potential natural resources. The so-called potential resources are personal psychological qualities, which will determine your self-confidence, self-esteem, belief, attention and mentality. Psychological quality plays an extremely important role in the futures market: it can make you a shoo-in or a failure. In order to win in the futures market and obtain satisfactory results, how to learn to adjust the psychological state is the theme we want to set foot in: the psychological law of investment.
We have noticed that books flooding the market either read like military manuals and have exactly the same content; Or, like the instructions issued by the watch manufacturer in Tokyo, it is translated from Japanese into Czechoslovakia, then into Swahili, and finally into English. The content is to tell you how to set the electronic watch to the third time zone. We hope this book is a useful reading for you from beginning to end, and it is beneficial to the actual transaction. Welcome everyone to take notes in the margin of the book at will, so that the book will be scarred! In a word, our goal is to help you become an excellent investor. As a professional investor, we have experienced countless ups and downs in our futures career for many years. The following remarks are summarized from practice and verified by the futures experts we interviewed, namely:
There is nothing wrong with commodity prices. Any market and price operation are governed by its inherent laws.
● Excellent investment skills can be learned. Investment skills can be learned; In other words, Michael Jordan, who wants to be a futures market, does not need to emphasize how brave and smart his natural qualifications should be.
● In the futures market, as long as you make good use of successful investment strategies and skills, you can achieve sustained profitability.
● It is your psychology, attention and personal thinking mode that determines the success or failure of investment, not the trading system.
● Self-confidence comes from constant tempering.
You must be clear about the motive and purpose of the transaction, and then take action.
After listing some general theories about futures trading, we must also ask readers a very important question: why do you want to trade?
Ask such a question to the bustling investors, and the answer is naturally different. Of course, making money is a very important reason, but if you take making money as the only motivation to engage in futures investment, then you are doomed to be disappointed. As Jill Greenberg said, "Investing is like playing a jigsaw puzzle. I like this game. Wealth is tempting, but intellectual challenges are the real driving force that motivates me to fight hard in the futures market. " According to our experience, few successful investors only focus on money. In fact, money is a secondary factor in the intrinsic motivation of successful investors. "I like to compete with alligators. If at the end of the day, I go to the ballroom to dance for recreation, there is nothing to say; However, what nourishes me is the day-to-day contest in the futures market. It is this endless challenge that calls me back to the market. " Another investment expert said.
It is very important to know your investment motives. So we must ask this question at the beginning. Why did you trade? Please don't give an assumed answer. Please record your real motivation for choosing investment. What attracted you to enter the market? Please list in detail below:
Analyzing the investment motives listed above, is the futures market the way to realize the above intentions? If your investment motivation is to seek excitement, can't bungee jumping or windsurfing also achieve this goal? If the answer is yes, please stop and stop looking! Stop looking! Stop here! If you haven't smeared it on the books, we advise you to return the original price of the Law of Investment Psychology. But considering the present situation of books, you may prefer to put them in second-hand bookstores. Or, you can give it to friends or colleagues who are eager to invest successfully. They are more willing to know themselves and the futures market. Now, you already know the real motive of your investment, or the reason why you set foot in the futures market, but what is the important relationship between this and successful trading? The answer is obvious. Your investment motivation will determine all your action intentions and investments in the futures market. Cause and effect attack each other For example, the main motivation of your investment is to compete with the market intellectually, so you should consciously combine this idea with your personal investment style and strategy, which will help to determine your market behavior.
Motivation determines the way and content of your concern, your self-confidence and sense of accomplishment, the effectiveness or limitations of your personal beliefs (all related to trading), and your positive mental state. In a word, motivation determines all the important factors related to successful trading.
"motivate yourself, confirm your motivation, and act accordingly!"
Zig Ziegler
As long as you browse the books on investment, you will find that such trading principles can be found almost everywhere:
● Do a good job in fund management.
● Don't over-trade.
● Don't turn losses into profits.
● Take advantage of the trend.
● Learn to use various instructions correctly.
● Don't add dead code.
● Expand profits.
● Accept small losses.
● Don't be willful.
● High throw and low suction.
● Avoid following the trend.
● Buy rumors and sell facts.
● The market is always right.
● Avoid fear and greed.
● Stay away from lightly traded markets.
● Don't decide to buy or sell just because of the price.
● Retain funds.
Of course, there are many more. Almost every investor is familiar with these trading principles, but the question is, why are there so few excellent investors? Its root has little to do with objective principles and trading systems, but is closely related to subjective behavior. We always "feel" the market through our eyes and ears. This information is analyzed by our brains to form our personal views, and then we take actions and trade.
Traditional trading books think that investment psychological skills are innate. It is believed that investors are either born with this skill or not. Generally speaking, a person is either strong and brave or lacks the qualities that investors should have. However, just like investment itself, psychological skills can be acquired through screening, learning and practice.
Psychological skills necessary for successful investors;
Strong personal motivation.
● Set goals.
● Self-confidence.
● Control anxiety.
● Concentrate.
● Psychological adjustment.
● Positive self-dialogue.
● Adjustment of mentality.
When listing the above projects, we must ask ourselves two basic questions: (1) What are the market behaviors that inhibit most investors from realizing their wishes? (2) What are the psychological factors that hinder them from using special skills in the transaction process?
Through our practical experience and interviews with several outstanding investors, we have determined that the psychological obstacles to successful trading mainly include the following aspects:
● Uncertain stop loss.
● Can't stop loss or take profit in time.
● Stick to stereotypes.
● A cowardly transaction.
● Adventure trading.
● Overoptimistic transactions.
● Hesitant, miss the opportunity.
● Missed the breakthrough market.
● No chance to see it.
● The right direction does not mean making money.
● The trading system is incoherent.
● Poor fund management.
● Abnormal mentality.
1. Uncertainty loss
No one realized that the losses were still coming in, and no one predicted that the market had peaked and bravely stepped in to buy more. Similarly, no one realized that the price would hit a new high and actively sold it. But in fact, this happens all the time. Therefore, no matter what kind of products are traded, we should leave room for manoeuvre before entering the market, not after entering the market, but in advance! If you are afraid of losing money, don't trade.
2. Can't stop loss or take profit in time.
There is an old saying on the trading floor, "Stop loss in time is the highest." This is very correct. Loss is an indispensable part of the investment process. And vice versa, make a profit in time. If the market has reached your goal, make a profit in time. In most cases, the market won't give you a second chance.
Stick to stereotypes
It's like locking yourself in prison. As george siegel said, "The market is the baton." The market tells you everything. Listen more! Remember the mysterious figure Bella said, "observation reveals true knowledge."
4. cowardly trading
In the early 1960s, there was an old joke about "Young Hani". At that time, the mental patients in Boston had not been monitored by the police. One day, a man was reading the evening paper in the living room when he heard someone knocking at the door. He crept to the door, didn't open it, and asked, "Who is it?"
The mental patient outside the door said, "Boston murderer."
The man turned around, crossed the living room, went into the kitchen and said to his wife, "honey, this is for you!" " "
We often quote this anecdote in academic exchanges, comparing it to that you took a transaction from others that you could not control. In other words, listening to gossip is like falling into this Boston cycle. Don't do this! This is a door you don't want to open!
Step 5 risk trading
Trading like the Japanese Air Force Death Squad during World War II. Maybe you will feel betrayed and fly into a rage. If you want revenge, leave early! You'll be smashed to pieces.
6. Overoptimistic trading
Contrary to risky trading, you feel arrogant and inviolable. Be careful!
7. Hesitant, miss the opportunity
You have done everything you need to do: daily line, weekly line and monthly line; You studied Gann, Fibonacci, Vikov and Eliot waves. The market has reached your predetermined point and line, but you are just marking time!
8. Missed to break through the market
It's like arriving at the airport and watching the plane take off. How nice it would be to take this flight to the ideal destination!
9. No chance to stare at it
The market is always complicated. How to concentrate and follow the map? How to keep a clear head and tell the truth from the false?
10. The right direction does not mean making money.
In almost all trading places in the world, there are always some people advertising their colleagues everywhere. They found highs and lows in almost all markets, but they didn't make a profit. The name of this game is profit, yes, it is a game!
1 1. Inconsistent trading system
If the trading system you use is good, stick to it. As the saying goes, "If you don't ... throw it away."
12. Poor fund management
You've heard it many times before, "but now the opportunity seems reasonable." The goal of fund management is to ensure the safety of funds.
13. Abnormal mentality
According to our experience, 80% of futures trading failures are caused by psychological instability. Only a normal state of mind can produce ideal results. As Jean Agassi Ritter said, "All your wishes will come true. Success is for yourself. "
Successful investment mainly depends on the following factors: crossing one's psychological barriers, adjusting one's mentality, self-confidence, self-esteem and self-reliance will naturally produce good judgment, and comprehensive use of effective investment methods can achieve satisfactory results. But how can we achieve this? Patience.
Have you ever thought about changing your life, but failed to do so? Have you ever thought about getting rid of a bad habit, but it's hard to stick to it? Have you ever been eager to achieve something but failed because of weak will? If so, we should be grateful that we are human. For any of the above questions, we can give affirmative answers to varying degrees. But what does this have to do with the transaction? The relationship is as follows: if you are determined to be a successful futures investor-just as we hope to make a major breakthrough in other undertakings, you must reach a certain level if you want to succeed. The characteristics of successful investment are as follows:
● Set goals.
● Make plans.
● Consider adjustment repeatedly.
1. Set goals
Know your last thoughts. It is very important to have a concrete and feasible concept of your ideal. "I want to be a good investor, which means I have to do this ... just ... can I succeed?"
draw up a plan
You must work out a set of procedures and personalized investment strategies, and then realize your ideal through a lot of hard and meticulous work and rhythm.
3. Repeated consideration and adjustment
Successful trading, like success itself, is not a lonely peak waiting to climb, nor a "still life" waiting for you to capture. If you want to succeed in the futures market, you must regard it as a process: ups and downs, nerve-racking, suffering from fear and anxiety, but high returns. So you must learn to adapt to the unpredictable market. If your method can be arbitrary, stick to it, but you must have keen observation to distinguish successful and failed strategies, and then take corresponding actions. Have you ever observed the children who are learning to walk? Before they learned to walk, they tried many different methods. Similarly, a successful transaction depends on flexibility and perseverance.
* * * futures investors.
All futures investors, from the novice to the most successful investors, have this * * * nature: when they lose money, they will feel depressed and even desperate-the inner emptiness and spiritual burden come to them together. But the difference is that successful investors will take some personal strategic measures to overcome these difficulties at different stages of their careers. They explore some concrete and different ways to correct potential psychological habits. These skills and strategies can be acquired through learning.
From a psychological point of view, if you want to be an excellent futures investor, there is no difference in your desire to make achievements in some aspects of real life (such as losing weight). Successful investment requires four steps, which we call four C's:
● Put it into practice.
● painstaking efforts.
● Create new behavior patterns.
● Constantly adjust.
Put it into practice.
Any major change in life comes from a strong motivation for success. Imagine larry bird, pete jones or "Magic" Johnson. Successful investors always try their best to overcome any difficulties and setbacks in their careers in order to realize their ideals. They have the courage to face their careers.
There is an anecdote about a poor man who went to church to pray.
"merciful god!" He knelt down and said, "Please let me win the prize!"
A week passed and nothing happened. Another Sunday, he went back to church and prayed again: "merciful God, if I win the lottery, will you really get hurt?" He still hasn't won the prize. Six months later, he made up his mind to win the prize and believed in the power of prayer. He went back to the church, looked up and said emotionally in a voice that was almost pleading: "Oh, my God! I hope to win the prize this week. "
While he was praying, suddenly a holy voice came from above the church and interrupted him.
"John," said the voice, "you have to buy a ticket first."
So is the deal. If you want to succeed, you must buy a ticket first. The target is chosen to get the pass.
Work hard
Have you ever seen how children learn from adults' cars? They left out the steering wheel, back and forth, up and down. They thought they could start the car in this way, but the car stopped because they needed a key to start it. The futures market is the same, you must have a set of perfect ideas. This is the key to starting your successful trading engine. The key is to have a series of positive beliefs and achieve certain success in the futures market in order to get the best results. As Bruce Johnson said, "You have to believe that there are opportunities in the market and you can make money."
3. Create new behavior patterns
If you want to lose weight, you can't eat French fries and ice cream. Otherwise, it is whimsical! You must abandon old habits and replace them with new behaviors. If you can accept losses under difficult circumstances, or buy when others are short, or you can seize a breakthrough, think about what you should do to become a successful investor! Excellent investors have developed a new behavior pattern that suits them, and can attack decisively and naturally when trading. So can you!
4. Constantly adjust
Finally, when you abandon the old operating ideas and put on new winning skills, you must persevere and don't give up halfway. You should constantly adjust yourself-buy when you break through, short when you rebound, enter the market at your own price, and so on-and trade according to your own ideas. In short, it is to control yourself and reasonably adjust your anxious psychological state to make it natural and objective. Rhythm can generate self-confidence and ultimately lead you to success.