Richard dennis was not born to do futures. At that time, he was under 2 1 year old and could not directly enter the exchange. His father stood inside to bid for him, and he was in charge outside. So I worked on and off for two years, and I lost about two thousand dollars. On the day when he was 2 1 year old, his father breathed a sigh of relief and said, "Son, do it yourself. I know nothing about this business. " At first, it was hard work and little pay, and the salary in January was less than an hour. 1970, catch up with the corn pests that year, and quickly roll 400 yuan into 3000 yuan. He had planned to go to college, but after only one week of classes, he decided to drop out of school and become a futures trader. One day, he entered a stinking bill and lost $300 at once. He felt dissatisfied, turned around and entered another one, and soon lost hundreds more. He gritted his teeth and turned to get another one, so he tossed back and forth and lost a third of his principal in one day. The lesson of losing money was very profound. After the ups and downs, he learned to master the rhythm: when losing money is not satisfactory, he quickly cut the bill and left the scene, went out for a walk or went home to sleep, let himself have a rest, and avoid being influenced by emotions and make another wrong decision. He will never add bills or be eager to make money because of losses. The most difficult time is also the most promising time. Sometimes I lose money and don't want to ponder the market, but often the best single machine will slip away quietly at this time. Only when we seize the opportunity to make money and make full profits can we make mistakes. On the other hand, we should learn to choose the best time to make orders. Richard Denny probably estimated that 95% of the profits from his orders came from 5% of good orders. Missing a good opportunity will affect your performance, which is exactly in line with a common saying in technical analysis, "Let profits run and cut losses short." Let profits increase, quickly cut off losses, and filter out some lists that should not enter the market, which will improve the rate of return. Many years later, when richard dennis recalled that time, he felt that tuition was a good deal and he learned a lot.

In the surge of soybean futures 1973, the soybean price suddenly broke through the four-dollar mark. Most market participants who blindly believe in history believe that it is now or never. Soybeans will rise and fall between 50 cents as before 1972, and will be emptied near the highest point of 4 10 cents in recent years. However, richard dennis bought according to the trading principle of following the trend, and soybeans rose as usual. Ten days of daily limit, the price soared three times. In just four or five months, it reached the peak of 1.297 cents. Richard dennis made enough money and moved to a bigger stage-CBOT, Chicago Commodity Futures Exchange.