Gold trading is different from stock trading. When buying and selling gold, people often pay one-sided attention to the price, but ignore the rising and falling trend of gold price. As the price of gold rises, the price becomes more and more expensive, and the more expensive it is, the more afraid it is to buy; When the price of gold falls, the price is getting lower and lower, and the lower it is, the cheaper it feels. Therefore, in actual trading, we often forget the motto of taking advantage of the trend and become wrong traders who go against the market. In the upward trend of gold price, there is only one thing that is bought by mistake, and that is when the price rises to the peak. The price of gold is like rising from the floor to the ceiling, and it can't go on. In addition, any point of buying is right. In the downward trend of gold price, there is only one wrong selling point, that is, the price of gold has fallen to the lowest point, as if it had fallen to the floor, and it could not be lower. Moreover, it is right to sell at any point.
2. Try to keep the profit going.
Inexperienced investors, after buying or selling a certain commodity at the opening, immediately think of closing their positions and collecting money as soon as they see the profit. It seems easy to make a profit, but it is a science to seize the opportunity of making a profit. Experienced investors will determine the timing of closing positions according to their own judgment on the price trend. If he thinks that the market will further develop in his favor, he will wait patiently, knowing that it is beneficial but not profitable, and try his best to make the price develop in a more favorable direction for himself, so as to keep the profit going. Just because you close your position when you see a small profit doesn't mean you can't get it. In the end, it may be profitable and lose more.
Don't fight uncertain battles.
There are rumors in the market, which should be reversed.
In the financial market, there are often some news, some of which are proved to be true afterwards, and some are just rumors. The practice of financial investors is to buy as soon as they hear good news and sell as soon as the news is confirmed. Or conversely, when bad news comes out, Dallas goes to the audience, sells it immediately, and buys it back as soon as the news is confirmed. The gold market is a very sensitive trading market. It is the psychological reaction of speculators to see the wind and make rain. For the purpose of profit, we must follow the market.
5. Make an objective attitude analysis, don't be dizzy and look down on winning or losing.
Investing in gold trading is risky. Profit and loss are inevitable. I hope to be a successful general. Without the psychological preparation for losing money, it is difficult for people who are bent on making big money to guarantee that they will not lose money in the end. The correct attitude is that there is both hope of earning and preparation for compensation. After buying gold, we should analyze the trend of the market situation. If the market situation is favorable to you, wait patiently and strive for the continuation of profits. However, when the market situation is unfavorable to you, especially when you think the market situation is wrong, don't care too much about gains and losses. Lose a little, lose a little, lighten up and leave. If you care too much, you will feel unconvinced if you lose a little. If you do something wrong, you will suffer. Unexpectedly, sometimes the more you wait, the worse it gets.
6. Focus on the overall situation and don't be delayed by a few points.
In gold trading, sometimes it is a mistake to fight for several points. Some people set a profit target for themselves after completing a transaction, and then prepare a lottery. I've been thinking about this moment. Sometimes the price is close to the target and the opportunity is good. Just a few points were not in place, and the money could have been collected equally. But because of the original goal, my heart has been praying for it. Experience tells us that sometimes you can't get a few points just to earn more points, but you miss the opportunity and cause losses. If you have confidence in the price trend, you'd better not care about the small price difference, buy what you should buy, sell what you should sell, and seize the best opportunity. Hesitation will often delay the opportunity, not earning what you should, but losing what you shouldn't. This is how the market plays tricks on people.
7. Don't put all your eggs in one basket.
In gold trading, we should do what we can, not put all our eggs in one basket, and put all our life savings into it like a bet. In that case, if the market situation itself is inaccurate, there will be a big loss or even the possibility of being unable to extricate itself. It is wise to invest one-third of the total amount first to make the market situation clear and beneficial to yourself, and then increase the investment, as mentioned above.