Domestic and foreign traders have different attitudes towards money and different authority. In the eyes of foreign traders, making a few hundred dollars a day is nothing at all, so their trading scale is often larger than that of mid-level traders with the same authority. Large, on the other hand, there are other domestic factors that restrict it. Domestic traders have relatively small authority, but I personally feel that this issue is not the main restriction.

The attitudes and application levels of technical analysis are different. This is the most critical and differentiating point, and it is also where our daytrader focuses on improvement. Foreign financial markets have a history of two to three hundred years. They are the pioneers of technical analysis. They created all conventional technical analysis indicators, and the trend indicators and oscillators are relatively complete. This is also similar to their consistent style in various industries. No matter what industry abroad, to solve a problem, the most important thing is statistics. Let the data speak for itself. Anyone who has worked in a domestic American company will definitely feel it. , if you describe a thing or a project without data and related statistical charts to assist in the explanation, it means that you are not professional. Let the data speak for itself. In the financial market, their consistent style is like this, attaching great importance to technical analysis, because the basis of technical analysis is data statistics, which is probability. On the other hand, it can be said that domestic day traders of U.S. stocks do not pay much attention to technical analysis. Some companies even look down on the application of technical analysis. In their eyes, market feeling is the most important and practical. This may be related to the training process of day traders in China. 80% of US stock traders are trained by SW. The essence of their training is to train market sense and stop loss. Traders trained by them have good market sense, but the problem often lies here. Because during training, we often use small points to stop winning and small points to stop loss. During the training, everyone executed it very well and it was very effective. But after gaining rich trading experience, everyone found that this was not the result he wanted. What everyone wanted was a large number of points to stop winning and a small number of points to stop loss. This is the most ideal. To achieve such a result, the only way to achieve this result is to do swings in the trend (many people Those who look down on technical analysis think that doing swings can only be done 2 or 3 times a day. This is a misunderstanding. If you trade on a 1-minute cycle, you can do it at least 20 times for one variety, and more for multiple varieties combined), you have to do it For good swing trading, market sense alone cannot solve the problem. Good technical analysis must be applied. Otherwise, you often enter when the trend starts and get out quickly. Then when you should add to the position, you feel too crazy and dare not follow, and then again at a high position. If you go in, you will be stopped out, you will lose both points and handling fees). Another result of many traders is that they plan to trade, but are unwilling to execute the stop loss when the stop loss point is exceeded, especially when the position is heavy. This is human nature. Maybe everyone has experienced it. The result is sometimes a return, a tie or a loss. You make money, but sometimes you lose so much that you blow your bottom line. Have you ever considered the causes of these two problems from another angle? I was so good at stopping losses during training, but I was often unwilling to stop losses when doing swing trading. This is related to psychology. If something is repeated enough times, it will enter a person's subconscious mind, that is, it will become a person's instinct. The process of a certain journey has been repeated enough times and it has become instinctive. Lao Ma's ability to read pictures is actually a function of his subconscious mind. The same is true for traders. During training, it has become instinct to trade hundreds of times a day with small pips and small stop losses. When switching to swing trading, you may only trade dozens of times a day. How can you change immediately? So this often happens. Early entry and unsatisfactory stop-loss execution may be the reason why we often see some very "fierce" traders often making big wins and big losses. Moreover, once you experience these bad operations too much, you may develop a bad instinct, which is not easy to change and you have to think deeply about it. A feasible way to solve the above problem is to study technical analysis in depth, use technical trading systems or even automated trading systems to constrain your own trading, and use correct methods to strengthen your subconscious mind and form correct trading instincts through repeated repetitions. Many people look down on technical analysis simply because they fail to study it in depth. For example, when it comes to oscillators, they will immediately say that they are useless. You see, this unilateral market is either overbought, overbought, oversold, or oversold. You'll lose money if you trade on it. This is a false technical analysis that he learned from common books outside, and then used it to deny technical analysis. Of course, it seems like this, mainly because he did not study it in depth. For example, what I want to talk about here is a method of use that has not been mentioned in any external books. If you consider the general premise of the trend, under the general premise of a long trend, looking for the oversold place of the oscillator in the process is often in the trend. At the bottom of the callback, the success rate exceeds 75%. The place of failure is usually the shock area where the trend starts and the place where the head forms a real reversal. This is unavoidable. In this way, any combination of trend indicators and oscillators will have such results. Is it technical? Analysis is really useless for day trading of U.S. stocks, or you don’t do in-depth research yourself. (Honestly, this usage alone is more useful than reading 10 technical analysis books). Regarding the use of conventional technical indicators, I recommend that you listen to a lecture recording on the Internet roughly called "The Use of Conventional Technical Indicators by One Hundred Years", which is available online. What is the purpose of our coming to this market to trade? It's very simple. In order to make money, you should not look down on any method that is conducive to making big money stably. You should have an open mind to learn and receive new and good knowledge.