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"Think and Act Like a Securities Trader" Chen Kai

1. The formation of market prices is the result of the game of buying and selling power. 2. The essential reason why the market is difficult to predict: a book "Hedge Fund Chronicles" "If people only want to link stock changes to business statistics, they ignore the factors in stock operation.

People with strong imagination will definitely encounter disaster, because their judgment is still based on the two basic dimensions of facts and data, but the game they participate in unfolds in the third dimension of emotions and the fourth dimension of dreams.” 3

, Expectations are the direct cause of changes in the market, and the market is the sum of everyone's expectations 4. The correct action is to be patient and decisive, and the window period for the best opportunity to open a position is very short 5. Simplify complex problems, and repeat simple things 6

, I think I am a person who is more sensitive to graphics and market sentiment (trend trader) 7. Make big profits and small losses, if you want to make a small profit, lose less 8. Trading target: What do you want to buy?

? Transaction Reasons: Why should I buy it?

? Trading levels: At which level do I act?

? How should I respond to different situations?

What should I do if I lose money by buying it, and what should I do if I make money?

What kind of price fluctuations do you expect?

If it is different from what I expected, what should I do? (There must be a logic behind the transaction) 9. Have a plan to ensure that you will not go too far. I need to have a pre-market and post-market summary.

The purpose of pre-market planning is to help you fix your style, prevent you from making big deviations, cultivate discipline, and help you not lose money or lose less money. Even if you lose money, you will lose the expected money.

The purpose of the after-hours review is to summarize the entire transaction. Has each planned transaction been completed?

If not, what is the reason?

What thoughts, lessons and experiences did you have today?

How should your trading framework be improved?

10. The most important plan before the market is to give yourself a specific action plan. The target of buying and selling should be clear, the price of buying and selling should be clear, and the response to different situations should be clear. What should you pay attention to when making a summary?

Describe clearly your state of mind at the time. If you didn't complete it as planned, what were you thinking?

This must be written clearly and summarized clearly. 11. When your losses are large, it will cause huge damage to your self-confidence, which will prevent you from learning.

12. The way for traders to train their ability to read charts is to read all the time-sharing charts and K-line charts of all stocks that have increased by more than 2% every night.

13. To find the sectors that are surging and may become popular, you can look at some industries and sectors that may become popular. 14. A little trick to train your sensitivity to the market is to put together a trading calendar.

That is to say, prepare a recent desk calendar, and mark the holidays in the last week or two on the desk calendar, the disclosure time of annual and quarterly reports, the time of a certain industry meeting, the release time of industrial policies, the release status and release time of various data,

will have an impact on market sentiment for individual stocks.

For example, every month the Bureau of Statistics releases some specific data on macroeconomic operations. If today is the day when the Bureau of Statistics releases macroeconomic data, the stocks you are paying attention to happen to be closely related to the macroeconomics, such as real estate and coal.

If the macroeconomic indicators announced are very good, the impact on the stocks you are following will be positive.

All these factors that disturb the market are summarized on the trading calendar.

Then use the clues in these trading calendars to find possible short-term tipping points, and let the market help us confirm them.

Over time, your market sensitivity will be developed.

The hot spot in the market may be a sector, an industry, or even several related industries. So how to refine it into specific stocks?

I only have one criterion for choosing short-term targets, and that is to only look at the leading position and not the rest.

15. Cost-effectiveness: opportunity cost, time and energy, including your own emotions and health. 16. Short-term buying hot spots, because short-term trading is about emotions, the contagion and contagion of the market.

The variety we choose must be the one with the most intense emotional expression in the market. 17. When a trader always pays attention to the short-term trend and thinks about how much he has made and how much he has lost, he may not be far from losing money.

18. After the market closes, take a look at all the top 50 stocks that have not reached the daily limit, and summarize their most common characteristics in terms of form.

19. How much you make is luck, and how much you lose is your level. 20. Patience can help you overcome the two mountains of greed and fear. 21. Resist temptation and only seize your own opportunities. 22. Big losses are always caused by confidence.

When the time comes, the transaction that made us lose the most may be the most confident transaction. 23. In addition to strictly following the plan to stop losses, another way to prevent us from going to extremes is to reduce the amount whenever we are not going smoothly.

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24. Don’t be angry, don’t make a gambling bet, and don’t think about betting on a big one, as risks will come with it.