Discussions among the group old troublemaker in mountain city

Is self-discipline and self-control important in trading?

山城老刁民

Yesterday I talked with some traders about the "gambling nature" of trading. Many people have their own different opinions. Trading requires a certain degree of gambling, but it should not be completely "gambling". This sentence sounds a bit confusing. But it is indeed the same thing, how to make other bets properly? Then this involves self-discipline and self-control. Today I will talk about how to self-discipline and self-control, and whether they are important in trading. Every trader will e

A simple lazy trading method

山城老刁民

Transactions should be simple, and painstaking effort should not be the right answer. Here is a simple lazy trading method, which is very common, but it took some thought to figure it out. First select a period and select a moving average. The cycle depends on personal preference. The moving average is a little more particular, just compare the ones commonly used in the market and choose one. rule: Only do long online, only short offline. There are only two positions for opening a position. One

What should I do if I lose money in foreign exchange trading? How to recover the loss?

山城老刁民

Foreign exchange trading can be done long or long, and there is no need to hold positions overnight, but this also leads to another problem: if you buy up and down, you will make a profit or you will lose. You are willing to continue trading under any circumstances, but what if you lose money? The first thing most people think about is to recover their losses in the shortest possible time. Today, the editor will talk to you about the mentality that many people have when they lose money, and how

Eight things not to do in trading

山城老刁民

First: Don't enter and leave the field indiscriminately. We are investors, not brokers, and we will only lose more if we spend more and more. Second: Don't be priceless. Investors must have a price in their minds, and they must be aware of the ups and downs. Third: Don't set a stop loss order, or pass the stop loss level in your heart, still have hope, and don't want to leave the market. Fourth: Don't put the magnification ratio too high. Meaning, don't deposit $300 to speculate with $60,000. W

Learn to correctly understand right and wrong in trading

山城老刁民

It is estimated that everyone has had this experience: this time I bought it right, and the price went up; Mentality, self-confidence, change in the mistakes that I think. Van Tharp wrote in "The Road to Financial Freedom": "Most successful traders only have a 35%-50% success rate, and they succeed not because they can predict prices well, but because they The size of their winning trades is far greater than the size of their losing trades. It requires a high degree of self-control.” It is surp

Low Risk Forex Trading Strategies Everyone Who Wants to Make a Living Trading Forex Should Know

山城老刁民

Cut off losses, let profits run, and choose low-risk entry points ------ these are the things I have repeatedly emphasized in foreign exchange transactions. Why keep repeating these old sesame seeds and rotten millet? Because countless people, countless investment behaviors, and countless decisions have repeatedly violated these principles. Sometimes I really feel ridiculous for myself and others. How ridiculous the human mind is, repeating wrong behaviors and falling over the same stone over a

How to correctly pass the stop loss to reduce trading losses

山城老刁民

Stop loss is a common topic in trading. As for stop loss, it is not only whether to set or not to set a stop loss. In many cases, prejudice or improper views on setting a stop loss will also cause problems in transactions. The important role of stop loss is reflected in preventing accidents and assisting in the judgment of the market, and establishing a reasonable concept of stop loss is of obvious importance to trading. So about the stop loss, at least a few points should we pay attention to?

Why do foreign exchange masters only talk about theory and disdain technical analysis

山城老刁民

Masters may indeed prefer to talk about ideas, but those who only like to talk about ideas may not be masters. I also don't like to talk about technical things, I like to study concepts and psychology, not because I am a master, but because my technology is too crude, it is just a variant of the Turtle Law, so I am embarrassed to say. Concept is more important than technology, concept is way, strategy is technique, technology is tool. In order of decreasing importance, there is a derived relati

Navigating Hopes and Fears in Trading

山城老刁民

The trading of most novice traders is governed by hopes and fears. When there is a losing trade, instead of throwing it out they hope it will come back, and even hope that the loss will eventually turn into a profit. Another mistake made by novices is that when they have a profitable transaction, because they are worried that the profit will be reduced or the loss will be reduced, they choose to settle down and miss a big market. Once trading is controlled by hope and fear, a trader is on the p

As the old saying goes, how to control emotional problems in trading

山城老刁民

In the trading market, no matter whether you are confident or not, whether you are a successful trader or not, as long as you are watching the market, more or less personal psychology will change with the price fluctuations. This is an instinctive reaction, but successful traders and unsuccessful traders deal with emotions in different ways. After long-term accumulation, the sensitivity to emotions will decrease, but it cannot be said that Because they have confidence in themselves, they can re

Contrarian trading: a trading strategy that ordinary people can't play (on contrarian trading in foreign exchange trading!)

山城老刁民

The "reverse operation" in trading, as the text suggests, refers to establishing a position that is opposite to the current market sentiment or trend. Simply put, it is: trading against the trend. This trading strategy is usually used when the market reaches a certain level, and the trend will reverse. For some untrained novice traders, the strategy of trading against the trend may sound a bit surprising, because generally we believe that trading should be done with the trend, and trading agains

How to build a trading system that suits you?

山城老刁民

From the current trading system popular among institutional investors, there are mainly two modes: The first type is the fund management and position control mode (indicator trading system) based on the traditional technical analysis method. This method mainly guides traders to make timely position adjustments through changes in different technical indicators, but the disadvantage is that technical indicators often contradict each other, which affects traders to make the right choice. The secon

After so many years of foreign exchange speculation, why is it still inevitable to become a loser?

山城老刁民

There's an old adage, "You're making money when you're saving it." It's so true for traders. The market is flooded with a lot of information, and we need to sift through the ones that can really fight the market. Whether the market crashes next or continues to boom, the wealth of information in the market is always dazzling. So, what are the time-tested trading techniques that can prevent losses? Before looking for the answer, first of all, we need to understand what caused the loss. Only by fin

If you want to make a profit in the foreign exchange market, you must face continuous losses correctly!

山城老刁民

Foreword: Some people say that in financial transactions, 80% of people die from leverage, 15% die from persistence, and only 5% survive. Most traders have experienced the stage of lack of confidence and loss of confidence due to continuous losses. Some people still lose to the simplest and most difficult word "persistence" after defeating 80% of the people. There is a saying that goes well: A good hunter is not accurate marksmanship, but patience. Therefore, whether it is short-term or medium-t

Trading is not as simple as you think

山城老刁民

Novices are generally optimistic and confident when they first enter the market, especially if their first few trades go well. They begin to believe that trading is easy, that they have found a way to get rich, that they were born to do it. In fact, trading is a demanding industry, a job that requires professional skills. If you start out with overconfidence, you will take excessive risks. There is nothing wrong with good luck at the beginning, but early "success" is not necessarily a good thing

I can't control my hands and always place orders impulsively, what should I do?

山城老刁民

The weakness of human nature is not obvious in daily life, but it will be brought into full play in trading. In the face of drastic market changes, most people are unable to control themselves, which stems from the greed and fear in their hearts. Ordinary mind is the nemesis of greed. Heroes are saddened by beauty, and transactions are saddled by greed. If you are not greedy, how can you get involved in this tortured gambling game! The character greedy is composed of Jin and Bei characters, whi

Forex Trading: Attitude is Everything

山城老刁民

Here are some great snippets of trading psychology from the book The Technical Analysis Handbook. I hope that the bits and pieces in it can help you better understand your own trading psychology and the importance of psychology in foreign exchange trading. 1. Remember that becoming a profitable forex trader is a journey, not a destination. There is no such thing as a trader who only wins but never loses. Try to trade better every day and have fun with your progress. Concentrate on learning th

Forex trading should beware of emotional "butterfly effect"

山城老刁民

American social psychologist Festinger (Festinger) has a well-known judgment, known as "Festinger's law": 10% of your life is made up of what happens to you, and the other 90% is what happens to you. The % is determined by how you react to what happened. In other words, 10% of things in life are beyond our control, while the other 90% are within our control. Festinger gives such an example in the book. When Kastin got up in the morning and took a shower, he put his high-end watch by the sink

How to be non-greedy in trading?

山城老刁民

What is greed? Seeking more and not being satisfied is greed. Many people know that this kind of greed is not good, but they often cannot control themselves from committing such a problem. Obtaining improper income through improper means is also greed. Many people understand this kind of greed, and they can control themselves not to do it. After all, the price of breaking the law is huge. The persistent pursuit of ideas is also a kind of greed. Many people are unaware of the existence of this k

Transactions need to be simple to be effective

山城老刁民

Transactions are generally a process from simple to complex, and from complex to simple. It is absolutely impossible to do trading without learning, and it is absolutely impossible to only study. It is very important to master the basic knowledge in a down-to-earth manner. Don't study any master-level incomprehensible theories and heresy skills. I have read a lot of theories, and what they say is actually the same meaning. There will not be more than three books for the same knowledge. Trading i