Those who are good at stopping losses are newbies, and those who are good at resisting orders are masters. Reading Tips: It is forbidden for novices and traders who have no liquidation experience to resist orders. Please stop the loss passively.
A gold empty order in June last year, resisted for 9 months, triggered a stop profit last week, and the book profit was 2%, which was actually a failure. There are many things that can be summed up in this transaction. Let me start with why we should resist the single order.
The transaction seems to be fair, but in fact it is very unfair. The unfairness lies in the fact that our funds are limited and the risks we can bear are also limited. No matter whether we are long or short, we may fail. If there is no stop loss on both the long and short sides, the fluctuation of the transaction price is meaningless, one party will not make a profit, and the other party will have no loss.
The essence of anti-order trading is to manage and control risks and minimize the disadvantage of our limited funds as much as possible. There is no advantage in the first place, so the transaction should find a way out from the dimension of reducing the disadvantage. High-leverage and high-risk trading is just the opposite, magnifying the disadvantage of limited funds.
This is the first step in ideological construction, first to solve why we should resist the order. The second step is how to resist the single? Anti-orders must not be passive. For example, after placing an order, you find a floating loss, let it go, and hope that the price will come back by itself. In this case, I have no good way, let’s stop the loss.
Before placing an order, it is necessary to clarify whether you want to resist orders. Not every transaction is suitable for anti-orders. Generally, transactions that are suitable for anti-orders have the following characteristics and rules.
1. Technically in a stable and volatile state
2. The profit sought should not be too large, and the funds in the entire account should be used to resist possible risks in exchange for small profits
Usually in such a trading in a volatile market, the correct rate of ordering is extremely high, and there is no problem in getting a 30% annual return if the technology is better.
The third step is to resist well or not, to develop self-confidence.
As the saying goes, if you often walk by the river, how can you not get your shoes wet? When a transaction always fails, there will be unexpected situations that cause the market to fluctuate sharply in one direction, and the floating loss continues to increase. This is the case for the U.S. stock market plummeting due to the epidemic and the Fed’s increase in water and gold soaring. I have stepped on both mines. Now look at U.S. stocks and gold.
It is necessary to find out the reasons for market fluctuations, make good use of market fluctuations to make money, and not be obsessed with long-term floating losses to bring unnecessary pressure to yourself. If you do not manage the account risk well, and you will be liquidated due to any fluctuation, then you are not suitable for anti-order trading. Especially those friends who think about doubling every month, don't resist, and you can't resist if you want to.
The fourth step is to use anti-orders to make money and become an anti-order winner.
Sudden and violent market fluctuations all have a need for late corrections. Some people want to stop losses, some want to take profits, and some think that the valuation is reasonable and want to re-enter the market. The more violent the fluctuations, the greater the need for late corrections.
A precise margin call can not only save the situation, but even make a lot of money, but the requirements for margin call are very, very high! After covering up the position, you will face double trading pressure. If you do not make up the position, it will become a knife that stabs you to death. I would rather miss the opportunity and never make up for the mistakes!
The reason why it is said that the gold list that has been held for 9 months has failed is that it is not worthwhile to waste 9 months in exchange for a 2% profit because there is no margin call. If the position is covered, the profit in these nine months is 32%. I admit that I was discouraged, but I have no regrets.
No one knows how big the monstrous waves of the US dollar can be. What if Mr. Yang goes crazy?
I also have some experience with regard to the timing of covering positions, that is, when extreme pessimists appear in the market, they may be in the range where they can cover their positions. When the S&P covers up at 2100, the pessimists see 1500, and gold is more than 2000. I am pessimistic when hesitating The reader sees 3000.
After 9 months of smoke and dust, I summed up this transaction. Although there are many shortcomings and regrets, it also strengthens my way of trading. Sometimes I envy those great masters whose profits are several times or even ten times, but compared to making a The fireworks bursting in the night sky, I want to become a tree with an evergreen canopy, gloomy and gloomy.
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