Pay a high price, 20 years of trading experience summary, let you avoid detours

Source of content: Wechat Public Account Hui Classroom​

Nial Fuller is a great naked K trader, and his various trading methods have been widely discussed by traders.

Now he has more than 20 years of trading experience and has already made stable profits, but recalling his trading history, he has also made many costly mistakes.

This sharing is from Nial Fuller's 20 years of trading summary. After reading these, you may not be able to avoid losses, but at least you can avoid some mistakes that traders usually make in the early stages of trading, so you can save a lot of money and reduce some mental stress. pain of.

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Pick a trading strategy and stick to it

When I first started trading, like many traders, I was not sure what my criteria for entering or exiting the market would be. Every transaction is like gambling. Later, when I came into contact with various trading strategies, I kept replacing them, and did not stick to one trading strategy for a long time.

This is my deepest summary. I hope that traders can choose a trading strategy that suits them, stick to it, master it proficiently and keep improving it. Only by becoming a master of trading strategy can you find opportunities in the market.

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Just start trading and keep enough capital

In the investment market, other things can go all out, but capital cannot. When we first started trading, we all liked to invest all our capital quickly and expect to realize it, without considering long-term survival in the investment market. But most people end up spending all their money, as if it was a one-time consumption, and their vitality is greatly damaged, and it takes a long time to return to the trading market.

Especially in the early stage, you don't need to pay such a big price, and you must control your capital and risks at the beginning, otherwise you will soon join the ranks of losers.

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Focus on more than one investment market

When investing, don't limit yourself too much. Many things in the capital investment market are interlinked. Focusing on different types of investment markets, you can have the best profit opportunities. I not only do currency pair trading, but also study index and commodity trading. There are some varieties that I like to do in each market, and I will not be distracted if I only pay attention to these investment varieties.

Focusing on only one investment market will make your investment path too narrow.

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Focus more on your trading performance than money

It is true that investment is to make money, but if you pay too much attention to the changes in account funds, you will feel panic as the market price changes in the opposite direction. If the transaction is too affected by emotions, it will lead to the failure of the transaction.

In fact, you should pay more attention to the transaction performance, such as the equity curve of the trading account, which will be provided to you by general traders. The trading account equity curve can not only reflect your trading account situation, but also reflect your strengths and weaknesses. A rising account equity curve shows us a disciplined and focused trader.

The key to shifting the focus from account funds to account equity curves is realizing that it is impossible for anyone to make quick money in the investment markets.

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Investment transactions can be done without technical indicators

For most novices in trading, various high-end trading systems or technical indicators are very attractive. But in terms of entry and exit, you just need to know price action and know how to read chart information. I tried various technical indicators early in my trading, but found that they didn't work very well.

Only two indicators can still play a role, such as using the moving average to find support and resistance areas, using the ATR indicator to set the size of the stop loss space, and doing stock and commodity trading will look at the trading volume indicator. There are no other indicators that can help judge entry and exit.

So if you realize that indicators are useless early, you can save a lot of time to study market prices, which is the essence of trading.

The above is today’s sharing. In addition to the above problems, you should know how to exit the market when trading, and you should not pay too much attention to and rely on trading. Trading needs to withstand fluctuations to make money. Using a higher time period in trading is also Nial Fuller’s message to traders words from the bottom of my heart. Maybe you don't fully understand it now, but the common mistakes traders make in the markets are often the same, and if you can prevent these problems early on, you may save a lot of money.