"A game of probability, the outcome is always half and half"
Wait patiently for a truly perfect trend in the market, and don't make predictive interventions; "timing is everything", buy at the right time, and sell at the right time . Patience and timing are the keys to Jesse Livermore's success.
Trading is not something to do every day. Those who think that trading is necessary at any time ignore one condition, that is, trading needs a reason, and it is an objective and appropriate reason. In addition to trying to decide how to make money, traders must also try to avoid losing money. Knowing what to do is almost as important as knowing what not to do.
In fact, if I'm sure I'm right before I start a trade, I always make money. What beats me is not having enough brains to stick to the game I am good at, that is to say, only enter the market when the precursor is beneficial to my operation and satisfies me . There's timing in everything you do, but I don't know that. That's why so many people on Wall Street who aren't bigots at all fail. Among the fools, there is the complete fool who will do wrong anywhere and at any time, but there is the stock market fool who thinks they have to trade all the time. No one can always have a good reason for buying and selling stocks every day, and no one has enough knowledge to do it wisely every time. Look at those short-term customers who love to show off and frequently operate, how many of them can become popular and get on the stage? I never deny the existence of a very small number of masters, but 99% of frequent short-term customers are destined to be cannon fodder.
Trading is to make the best potential, the most certain potential, and the most sure opportunity. I would rather take out a stop loss of 300 points to bet on a relatively stable trend with a high probability than to bet on a small trend with 50 points. Betting on a small trend is always not worth the loss. If you want to bet on a small trend with 50 points, the final price you pay may be that you lose the whole game. Without a situation that you are sure of, your best operation is not to operate. Without a general view of the general trend within a reasonable stop loss range, your best operation is to not operate!
I use a common saying in the stock market to explain: those who can buy are apprentices, those who can sell are masters, and those who can short positions are patriarchs.The patriarch is looking for the perfect opportunity, the safest situation or position waiting for him. Don't believe me? 99% of those who buy and sell stocks every day are losers. 99% of those who pour futures N times a day are also losers. The financial market is not afraid of no opportunities, but too many opportunities. I'm afraid that your money will be lost inexplicably. Opening positions aimlessly following the small trend within the day, but being killed by the long and short back and forth, and making money, with the time and space of that small trend, it is just a drizzle. Every transaction must be carefully considered, and under the premise of strict stop loss, bet on the general trend. Basically get the general trends that you really see right, whether it is the intraday general trend or the daily K weekly K general trend. It's been a few years and I still don't know what it means, people who are tossing around, I don't know how to describe you. If you don't have the ability to become an intraday master, you should retreat bravely, reflect on yourself, and change your trading method. The short-term within the day is a type of talent with the most perfect personality, the most agile action, and the best technology can succeed. I am the worst type of short-term trader in the world.
After N years of vicissitudes, I can face the best short-term traders, even if I earn 1000W a month, even if it is 20 times a year, I will not be moved. I will never envy and worship any short-term master who can do 360-degree flips! Quietly wait for your own opportunity, give a reasonable stop loss, and gamble on your own swing market. Push forward wave by wave, and move forward in a down-to-earth manner. Write another golden saying by Lifeimore beside you: "Money is earned by sitting, not by operation." Excuse me, those who trade more than ten times a day, dozens of times? Are there really that many trends in one day? That is just a kind of nervousness, panic, fear, and the most vivid expression of human nature. "After many years in Wall Street and winning and losing millions of dollars, I want to tell you: "The reason why I made a lot of money has never been related to my thoughts. It has nothing to do with my steady kung fu. Understand? It doesn't matter if you look at the right trend
. Fantastic. You can always find a lot of early bulls in a bull market and a lot of early bears in a bear market, and they don't make much money from it. Only those who can see the market and be as stable as Mount Tai can make a lot of money.
Please tell me what the operation is? Do you want to accumulate wealth by constantly selling high and buying low on the small trend within the day, and constantly inverting the price difference? I can tell you, that is just your beautiful dream, can it last? 90% of the intraday masters you have seen are also successful within the day based on the concept of the intraday band.
The short-term is guided by the general trend of daily K, and there will not be several transactions in a day. To seek intraday and daily K-band income, trading twice a day is too much. The high cost of the day is not as simple and simple as imagined. When I was short-term, I opened an order at the extremely classic position of Japanese K for N times, but it disappeared for no reason. Profit, especially swing profit, must take time to develop. To make a profit, you need to hold your position firmly at your opening point without a stop loss. Give profits time to develop. For the final summary, it may be very simple. I don’t want to define the general trend based on my understanding of the general trend of daily K and weekly K. All I can give is advice.
As the saying goes, short-term pain is worse than long-term pain! Ordinary people like me, it is best to make orders according to the daily K weekly K or the general trend that you can determine the cycle, even if the cost of a stop loss is higher. Too small stop loss and stop win will definitely ruin your order pattern and mentality. However, don't stop too much. A normal 1/3 position, operated by veterans, betting on a small cycle band market, one candlestick is enough. It is the iconic K-line you entered the market, the K-line marked by the relatively perfect large number probability. Let’s imagine, after a huge wave of 20 days, especially 60 days, 120 daily K moving averages for a long time, how about a symmetrical reversal to open the daily K? Assuming that the 60-day moving average has been pressed for 1-N months, can you understand the day when the 60-day moving average is back on the day, and the mighty daily K trend will be opened? Assuming that the 120-day moving average has been pressed for 1-N months, can you understand the day when the 120-day moving average is back on the day, and the mighty daily K trend will be opened? And vice versa. The same is true within the day, such as the MA60 of five-point K, after a large wave before 120, the long-short has switched. At the market reversal point, can’t it be big and small? If you lose money, cut your position and leave, the stop loss is relatively small, and the goal is clear. Without such a good general trend, what else can we do except wait silently? Many people are very talented, excessive trading, blind worship ruined their own future.
Perhaps only after experiencing a gloomy life and an unforgettable memory, some people will be able to be their true selves. How good would it be to be down-to-earth, walk your own path step by step, and do what you can understand? Why, such a poor person who blindly follows the 360-degree somersault? Why trade blindly? Trading too much? Too many people always want to find the answer to the transaction from the uncertain market and unreliable 360-degree flippers. Let me tell you clearly, you will never find it in your entire life! The only thing you can find is: practice the basic skills well, give a reasonable stop loss, and do the market you are sure of, and the market you are sure of. Treat every transaction as a part of your life! The accumulation of wealth starts with you doing your own planned and sure transactions step by step one at a time. Great wisdom is like a fool, and great success is like a lack of wisdom, which cannot be understood after a few years of short-term. It is absolutely rare for people who can truly understand the general trend of using a reasonable stop loss to bet on huge numbers of probabilities. Even if you are lucky enough to earn 1000-5000W in a very short period of time, you are still a small role that cannot be put on the table in my eyes. Because there are some deep-level things that many people don’t understand.
In the past, a senior taught me repeatedly, but I was still stubborn and blind to the short-term, thinking that I could do it more perfectly, and I thought I could make huge profits. Naturally, what greeted me was a fiasco. When I met him again to ask for advice, I really felt the fate, the down-to-earth and step-by-step, and the invincible power. Feeling sorry for an inconspicuous starting point, after ten years on the right path, time and compound interest have created such brilliant achievements. On his 30th-floor office building, the only thing I saw was the clear road ahead and the short-term blindness. I spent the best years of my youth. The law of the financial market is even more uncertain, all laws are right, and all laws may be wrong.
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