Do Not Make The Same Mistake Two Times.

Principles

If a man is wise and lucky, he will not make the same mistake two times. Therefore, we must keep firmly in mind the following principles.

 

The basic principle of speculation: as a speculator, we should always be conscious of maintaining freedom under the condition of economic independence, while the premise is to ensure steady and continuous profits over the years. Speculators never stick to the chance to win a big vote. The first thing is to ensure capital security. Secondly, they pursue stable and continuous profits, and then carry out a more risky transaction with part of their profits. As a result, there will still be a big chance of getting one vote, but there is no need to take excessive risks.

 

The principle of crocodile: when you know you made a mistake, get out of the game immediately. No excuses, expectations, prayers or any other actions should be made. ... Don't try to adjust your position, avoid risks or other unnecessary measures.

 

Awe the market principle: the market is always right, do not fight against it, do not delusional to predict the market, overcome the market and manipulate the market. The development of the market will show whether your decision is correct. Following the market trend, the market will eventually give incentives, contrary to the market trend, the market will eventually be punished.

 

Operation section

 

There are several points to understand before trading.

 

Code of practice

Code two: always light storehouse.

 

Code three: midline homeopathy transaction, patient observation waiting for admission signal and admission price, stop loss Forty Point to Sixty Point must be stopped. Think about it. Nine hundred and eleven There is no impossible thing in the foreign exchange market. In a few minutes, your wealth will be destroyed. Midline decline in the rebound to an important resistance level, plus short selling, the midline rally in the callback to important support bit overweight buy more. Carry out transactions according to the plan and strictly abide by the plan. Homeopathic trading will only make your position lose several hours (up to a dozen hours), and then you can get a chance to get away from it. Counter trading will only make your position float for several hours, and eventually you will not even run away.

 

Rule four: be patient. Patience is a prerequisite for finding trends. No position can be established when the price changes rapidly.

 

Rule five: always analyze your mistakes. And learn from mistakes, and those who can not learn from it are better off from the industry of leveraged speculation. Ignorance of mistakes, ignorance of lessons is ignorance.

 

State of mind

 

In all games, the only thing that really needs to be done before action is preparation. Some people spend half of their property in risk thinking time than buying a cheap commodity for so long. Any random, reckless, entertain, blogger, no plan, the most profitable today, a rebound and a scalp order will have devastating consequences.

 

Speculators must focus on making money from market trends instead of insisting that they should be consistent with their own judgement, never argue with the market, and never ask why or ask for explanations.

 

Gambling is a blind undertaking of risk. Speculation is the only way to take risks when we grasp the favorable odds. This is the fundamental difference between gambling and speculation.

 

These three articles are pretty good. So recommend it to everyone!! Whether in foreign exchange or in other capital operations, there are many places to learn from. It is emphasized that we must not neglect the role of mentality in the stock market. If you sum up every operation mistake carefully, you may find that a lot of mistakes are caused by psychological factors. I hope you can leave the market for a period of time, calm down and reflect on all the operations since this period, so that you can avoid impulses. If you analyze the psychology of the public every time you analyze, you need to pay special attention to the intentions of the banker in the stock market. There are many dealer speculation in the Chinese stock market. If you can understand something, you will certainly increase the success rate of your business.