1. Learn to follow suit. Any investment product has three major trends in its continuous trading time: rising, falling and consolidation. Every megatrend contains several small trends, and an upward trend may contain several downward trends. Therefore, it is very important to specify the trading period. When you are doing the mid-range market, don't be confused by intraday fluctuations. Unless there is an extreme market, please stick to your point of view. In the upward trend, whenever there is a callback, it will increase the position. Note: Don't try to do more at the lowest point. You can't predict how long the market will run irrationally, so set a target callback. When the price breaks through this callback position, do more decisively. In the downward trend, every rebound, short positions. In the trend of consolidation, the last thing to do is to wait and see. The more frequent the transaction, the higher the transaction cost. At the same time, we have to bear the psychological pressure caused by floating losses due to the opposite trend, which is not worth the candle.
2. Learn to stop loss and take profit. Stop loss and take profit is the golden rule that every investor who wants to enter the silver spot investment market must keep in mind. Compared with stocks and other securities, because of its margin trading, it improves the efficiency of capital use and invisibly increases the investment risk. Therefore, stop loss and take profit have a particularly important position. Most novices are complacent because of temporary profits, thinking that they have grasped the market and want to continue to hold it to earn more profits. However, the market is not always rational. For example, if you are bullish, the market will indeed go up a little. At this time, there will be a floating profit in your account, and you expect the market to rise. Based on this consideration, you continue to hold. However, because of some unexpected news, the market began to fall. At this time, you comfort yourself that the market will go up, so you continue to wait in anxiety. However, the market continues to fall, and your account begins to lose money, even every second. As a result, your profits were wasted, and you could have earned more.
Don't try to allocate costs down or up. When you expect the market to fall, you short the order, but the market starts to rise and your account begins to lose money. At this time, you are faced with a choice, which is to quickly close the position to control the loss or trust your own judgment, or even increase the position to share the cost? In the first investment skill, the author emphasizes self-confidence, that is, trusting one's own judgment. However, in this case, the author's suggestion is to operate cautiously. Due to the limitation of investors' professional knowledge, it is impossible to make a correct judgment on the market. Therefore, it is urgent to find a reliable and powerful analyst. Because of the neutrality of the analyst, he will not lose his judgment because of the profit and loss of the account, because he can't use his own funds to make orders (to protect investors and prevent conflicts of interest).
A psychological chapter on Yan Xin Jin Dian's operational skills
No matter what setbacks you encounter in the market, it is not its fault. This is not the fault of any market maker or professional. Or a mysterious behind-the-scenes manipulator or an evil bear. It will always be your fault. You make a decision and then carry it out. Do you choose to participate or not? Please take full responsibility. Be yourself. Don't complain or explain.
Responsibility can bring control. Completely control yourself, trading is an absolute test of self-control. At first, you may feel cold and uncomfortable, and feel that you live alone in the fortress. Finally, when you gain an advantage and feel the feeling of reaching the top, all this will pay off. Complete control of one's behavior and absolute self-control are the rewards of all efforts.
Small money depends on technology (intelligence), and big money depends on will (wisdom). Long-term (wisdom) judges the direction, and short-term (wisdom) finds opportunities. Wisdom achieves great things, but intelligence is only enough to eat. If you are too smart, you will lose your wisdom (because you are smart), so I will be smart and give up being smart (because you are stupid). The will here should be understood as sticking to your correct ideas and effective methods.
Stop loss is a series of small losses rather than more fatal losses. It is not necessarily a judgment of "no" to the market (that is, the completion of the stop loss may not continue in the opposite direction, and even most of them may not only insist on that "real" time, but only intervene against the stop loss at most), but only exceed their risk tolerance first, so the principle of maximum loss of funds (which must be absolute < = 5- 10 of assets) as for stop loss is too frequent.
The big market should be carefully overweight (because the market fluctuates greatly, blindly overweight because of greed will not only lose money in the shock, but also lose its direction and completely destroy the rhythm).
It is necessary to overcome the excessive concern about the rights and interests of assets or the subjective needs of individuals in transactions, resulting in greed and fear, which in turn leads to tactical confusion and strategic deviation, which eventually leads to complete failure. Trading can gain more in a state of no desire and no desire, and do what you should do instead of what you want to do most. The market is not where you seek excitement, nor is it your ATM.
The stricter the definition of anything, the less its connotation. The more practical. In the composition and formulation of our trading rules and trading plans, we should also understand and implement them from the essence and depth, so as to ensure the success rate. Keep an eye on the stop loss (stop winning) and control the stop loss (stop winning) by yourself (proposed by Mann); Regardless of profit, because profit is controlled by the market (God disposes)!