Every trader is an isolated island, immersed in his own trading system and moving forward steadily. The so-called successful traders have experienced all kinds of "routines". Let's take stock of the "routines" that have appeared in the industry, and hope that the road to trading will no longer be dark.
1. QQ group and WeChat group real-time order/analysis chart
A novice trader must go through a process when entering the market, and that is learning. Whether it is fundamental or technical, as long as there is a channel for learning, we are all yearning for it. Investment books, trading forums, and analysts in the circle, etc., although they have a learning attitude that the more knowledge the better, it is still difficult to change the fate of losses.
As a result, some traders will hand over their fate to others, to "capable" traders. Delusion to use other people's technology to let oneself embark on the broad road of wealth. It's a pity that what he got in exchange for his sincerity was a loss.
Scenario example:
Teacher A: Go long around 1810, stop loss around 1805, and target around 1816. Operational suggestions are for reference only.
Market: Gold stepped back to 1811, investors entered the market one after another... the price plummeted to 1800.
Investor B: Gold lost $6, what should the teacher do now?
Teacher A: There are a lot of 1810, you entered the market too early, and lost an extra US$1... Wait and see when you stop the loss, and wait for the next opportunity. After all, trading losses are also normal, you must accept the loss, and we will make money next time return.
Later...
Teacher A: Gold rebounded around 1798 and shorted, stop loss around 1806, target around 1790, operation suggestions, for reference only!
Market: Gold eventually rebounded to 1797, then plummeted to 1750.
Investor B: It's a pity, I almost entered the market, and I feel like I missed 100 million.
Teacher A: Didn't come in? Such a precise point, why didn't he enter the market? To strictly implement the teacher's strategy!
Investor B: Isn’t the entry point at 1798? It hasn’t arrived yet.
Teacher A: Just point nearby, it’s impossible to be so accurate...
Similar to the vague order point, the investors who followed the order suffered heavy losses, and as a "teacher", regardless of profit or loss, they have their own set of rhetoric. If you make money, you will hype it, and if you lose money, you will throw the responsibility on the market, probability, execution, etc. In short, it is not your own technical problem, but the investor's own problem.
What's more, it instills wrong trading concepts into investors such as heavy positions, no stop loss, and carrying orders against the trend. Sometimes in a group that seems very active, in fact, you are the only real investor in it, and the rest are trolls. Investors are lambs to be slaughtered.
Second, valet operation
It is also under the guise of technology, using real and fake profit screenshots or trading soft articles to "prove" yourself. Combined with marketing methods, it creates a false impression for traders, allowing investors to hand over their accounts to others.
①Profit screenshot
There is no denying that there are real profit screenshots, but the cost of falsifying screenshots is too low. As long as you have a little PS foundation, you can get all profitable screenshots. However, this has a huge lethality for novice traders, giving them unlimited room for reverie. What would happen if you hand over your own account to him? What if I learned his technique....
②Transaction records
Although there is also the possibility of falsification of transaction records, it is relatively cumbersome. If the transaction records only look at the final result, they can also fall into their strategies. The key is, how to analyze the transaction records, is it really powerful or just luck and luck? Whether there is a situation of carrying orders in intraday trading, etc. In short, it is biased to judge a trader's ability simply by the results of transaction records.
Financial management on behalf of customers is just a gentlemen's agreement and does not have any legal effect. Whether it is the financial side or the technical side, they are also facing risks. As a technical side, you are afraid of not giving a share after making a profit; as a capital side, you need to be wary of large-scale losses in transactions.
It is not so easy to make a profit from trading, and there are not many technical parties who can make stable profits, and there may be more people who are just pretending to be fake. In the end, it is still ordinary traders who are injured.
3. Trader training
Hiring post:
No need for trading experience, the company has free system training;
Can work part-time, do not need to come to the company to work;
Purely technical post, no need to go out to run business;
Large room for promotion: 10K+20% commission for junior traders, 15K+30% commission for intermediate traders, 20K+50% commission for senior traders. The company bears the transaction risk, etc...
I believe that aspiring to become a professional trader may have experienced the baptism of such companies. The recruitment conditions are very tempting, especially for rookie players who have just entered this market, but unfortunately, they are full of tricks behind them. And this kind of company still exists, under the guise of recruiting traders, but they are looking for customers.
① Systematic training is only to teach some simple basic knowledge in the industry, and several sets of "trading systems" with domineering names, which are of little help to transactions.
②Trading platform vendors also have tricks. The spread is extremely high, and there are still dark spots. Regardless of whether you have the ability to make a profit, at least your transaction costs have exceeded the normal range.
③It seems that the assessment target of 10%-15% monthly profit is actually not so easy to achieve.
Faced with the fact that most traders lose money, the trader company basically has no risk. It even downplays the risks in trading and gives investors wrong trading thinking.
Fourth, the allocation of funds
The leveraged market itself is full of risks, but the allocation of funds also magnifies this risk. The allocation of funds for such companies is only used as a margin, and all risks are borne by investors themselves. In other words, the capital allocation company allows traders to magnify the risk of transactions, but it is independent and earns traders' handling fees. However, if traders are a little careless, they will operate heavily, which will invisibly magnify their own trading risks.
5. Documentary community
It is undeniable that whether it is EA copying or manual copying, this is an IP with great development potential. It grasps the weakness of human nature and liberates the hands of ordinary traders. Find a stable signal source and insist on following orders, avoiding the vague concept of entry and exit in calling orders, and wealth grows synchronously with the "trading master". It is theoretically possible. But the current domestic documentary community is very immature.
①The entry threshold for "Trading Master" is very low. Basically, as long as you have a real account, you can apply, and the level varies. It is difficult for traders to accurately judge their trading ability.
②The account shows obvious periodicity. In other words, the documentary signal source performed well for a certain period of time, but it could not maintain it for a long time. If the timing of your copying is wrong, it is very likely that you will start the copying when you lose money, and it will be difficult to stick to it.
Of course, although there are many traps in the trading market, there is no shortage of traders with real materials, which cannot be generalized. May our traders, the road to trading is no longer rough.
——Senior analyst at Huichacha: Mateo
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