How to successfully participate in futures trading
And then what? Personally, there are the following factors: First, to have a correct and comprehensive understanding of the futures market, you must first understand the following issues: 1. Futures trading is not a science, but an art. There is no shortcut or secret recipe for the success of futures trading. 3. The futures market, with nine losses and one win, roughly knows the reason for this result. If a person can clearly understand the risk of loss in trading, make unremitting efforts for success and have the spirit of self-discipline, futures trading will provide him with a way to make a living leading to huge wealth. After the above understanding, we should correct his learning attitude and firm belief. Although everyone's initial motivation for learning and futures trading is different, their influence is also different. But as you can imagine, what everyone hears most is that futures are risky and almost no one can make money. Actually, this is prejudice. Many people are eliminated by the market prematurely, not because of the fault of futures itself, but because of their own thinking and practices. Think about it, like stocks, they are all in futures. I don't know what's wrong with it and how to correct it. Not dead! I didn't die in the stock market, because the stock market was slowly killed. As the saying goes, stocks are cooked slowly in warm water, and futures are boiled in hot water. So is there a difference between the two? So, I don't think it's important what you do. What matters is how deep you know about the market and yourself! Second, it is very important to learn and master market analysis methods. Whether to wait and see or enter many markets depends on your accurate analysis of the market. If you want to do a good job of analysis, you must first learn all the analysis methods, and then determine your own analysis methods according to your own advantages. At present, there are three main methods of market analysis: basic analysis, technical analysis and psychological analysis. Basic analysis: we need to have the ability of economic situation. Among novices, especially stock novices, many people enter the market to operate. In their eyes, this analysis is the easiest. Just watch the news, browse a company's investment report, and pay attention to the output and sales. Actually, this is very wrong. Among the major investment companies, fundamental researchers are the highest paid, which shows that this kind of analysis is very rare and professional, and ordinary retail investors can't do it regardless of their qualifications or financial resources. Basic analysis of domineering futures > you will know your helplessness. However, this does not mean that we will completely give up basic analysis. We can learn to judge the follow-up trend according to the impact of important events on the market. For example, major positive events did not cause the market to continue to rise, which is a signal to lighten up or open a short position. Technical analysis: It analyzes market behavior with the help of charts and technical indicators, helps us to decide when to buy or sell or not to participate, and also helps us to judge whether the trend is normal or abnormal. Psychoanalysis: Asking investors to accurately analyze the psychology of mass investment is somewhat similar to "anti-mass investment analysis". Buffett said, "When everyone is greedy, we must be afraid; When people are afraid, we need greed. " This is a fact. Third, form its own analysis system and establish trading rules. After a lot of study, everyone has their own analytical methods more or less, but it is difficult to make a profit by relying on these methods, but this is the only way for everyone! So if you want to spend less money in this process, you should first test its effectiveness with simulated transactions or historical data tests, and then make a firm offer with the least money. In these two processes, the original method is revised and improved according to my own observation and thinking. Learning the chaotic operation method of bibliography, Crowe talks about investment strategy-magic Murphy's law, primitive turtle trading law, successful trading-talking about investment with financial masters, high-performance futures operation: famous trading strategy, Ganzi theory: form-price-time. Fourth, if trading learning is difficult, it should be reflected in this process. When people have their own analytical methods to operate (too many people have no patience to go through the verification process), they will gradually find that the methods they have learned can't make them make money in trading. Of course, some people are profitable at first, but eventually they will fall into losses. So I learned a new method, but it still didn't work. At this time, some people either spend a lot of money to find the secret, or blame themselves for their bad mentality. In fact, the key problem at this time is that everyone has made a serious mistake in operation, that is, takenism-whenever you see it, don't ask, don't understand, just use it. For example, the most famous breakthrough buying method, many people buy at new highs. This method is harmless in stocks, but it is often passive in futures. Because in futures, the best time to use this method should be the first breakthrough after long-term sideways consolidation at high or low positions (usually low positions). Because this breakthrough shows that the new trend is likely to start here. In the process after the trend is formed, it is very passive to use this method again. You can look at the copper industry in London. How many breakthroughs in the upward trend have not fallen back? ! Moreover, the breakthrough buying in the trend makes your stop loss point unreasonable, and this operation will make you stop loss many times. Futures is a margin system. If the stop loss is too wide, the risk-return ratio of this transaction will become uneconomical. Just because the stop loss is too low doesn't mean you are wrong, so you will always get hurt in the end. And there are too many traps in morphological recognition. To solve these problems, we should jump out of books, go from the theoretical world to the real world and read a lot of books every day. This process is just like Mob said: the conditions for success are judgment, experience, pioneering spirit and personality. Thought can only be formed in a natural and normal environment. To promote the cultivation of ideas, we need to get a lot of sensory impressions in reality; He wants to see all kinds of tools, materials and operations with his own eyes; He has to be there. Get the details unconsciously, scrutinize them silently, and gradually shape them in your mind. Sooner or later, you will have some hints, and then start a new combination, simplification and creativity. Improve or invent.