Let me first briefly talk about my contract experience. The 18-year contract resulted in bankruptcy and a loss of tens of millions. In the 21-year bull market, I made money again and made tens of millions. Then in 2023, I made a maximum profit of about 8 million. In the first two months, all the retracements were completed. The current situation today is a slight profit!
I have experience, but now I am missing a bull market to boost me. I firmly believe that in a bull market, I can earn 100 million just from contracts!
Okay, now let’s talk about the essence. My understanding can be summarized in three points.
Mentality first, strategy second, technology third!
1. Let’s talk about mentality first, this is the most important thing! If the importance is 100 points, then mentality accounts for at least 80 points!
In the contract market, do you think you are fighting the market, fighting the dealer, and fighting your opponents? Big mistake, you are actually fighting yourself. You always lose money. In fact, the external reasons are secondary. The main reason is that your mentality is not good. You are impatient. You still want to make money when you make money, and you want to get back your money when you lose money. As a result, the more urgent it is, the more losses it will suffer.
Brothers fighting in the contract market, in fact, the mistakes we often make are nothing more than the following: guessing the bottom and picking the top, chasing the rise and killing the fall, overweight positions, no stop loss, fighting to the death after a loss, and making some profit. Just run. Everyone makes the same mistakes, but why do some people make profits while others always lose money?
Let’s just talk about many big Vs. People really make money, but do you think others really don’t make the mistakes I mentioned? Big Vs are also human beings, no one is a god. Occasionally they make mistakes, the same mistakes as ordinary leeks, but their brilliance lies in that they have enough experience and mentality to avoid these mistakes. Occasionally they make mistakes, but they can stop their losses in time, quickly adjust their mentality, and then participate in the market battle!
Let me talk about how I discovered that mentality is the most important thing in the market. I don’t know if my brothers have discovered a problem. After you haven’t gambled for a long time, you suddenly look at the market and you will feel very accurate about the direction of a certain market. Then you can rush in with money and open a position. There is a high probability that you will make money. Moreover, the idea of this order is very clear, and even if it fluctuates slightly, you can strengthen your judgment and hold your order steadily. Has anyone ever wondered why?
This is just like the first time a novice goes to Macau to play cards. Why do they say that novices have a high probability of winning when they go there for the first time? Is it true that novices have good luck?
I'm wrong because it's my first time betting and I don't know what's going on. I've never lost money and my mentality is particularly good, so I have a high probability of winning. As mentioned in the previous article, I made my money back in 21 years and took advantage of the market, which was highly volatile and unilateral. At that time, I made 10 million in ignorance and got my principal back. At that time, after I took a break, I would suddenly realize that the market was very good. My judgment was very accurate, so I added money and won. After winning several orders in a row, I didn’t know why, but I felt that it was no longer good. Even I judged the direction correctly, but I lost my courage during the shock. Then I lost a few orders, and when I was still making a slight profit, I felt very angry and felt that I was not the one, so I cashed out and prepared to quit gambling! Every time I withdraw money, I really want to quit. But after a while, maybe a few days, maybe a week, maybe half a month, one day I looked at it again, and found that my mentality was surprisingly good, and I felt very confident, so I rushed in money again, and then won several more orders in a row. Just like this over and over again, I earned 10 million.
From my case, I discovered that we must learn to rest and learn to exercise restraint! After resting for a while, take your mind away from the market and let your mind relax. After resting for a while, look at the market again, and you will find that your trading sense is surprisingly good and your mentality is surprisingly stable. Then there is a high probability of making a profit! But when you frequently open too many positions, your mind keeps spinning in the market, and you think too much, sometimes you will doubt yourself. One moment you feel it is going up, and the other moment you feel it is going down. Your mentality will become impetuous. When you are impetuous, even if the direction is right, you will not be able to hold on. There is a high probability that you will cut yourself off due to self-confusion! Therefore, in this market, I say you are fighting against yourself!
In addition, after opening a position, look less at the market and analyze less. If you analyze too much, you will doubt yourself and cut yourself in the shock. It's okay to cut yourself off, but I'm afraid that I will be entangled between self-doubt and firm judgment, opening and closing positions over and over again. By then, the price has not changed, and half of the principal has been consumed by handling fees. . . I just make this mistake all the time. You know, the handling fee is very expensive!
Therefore, I conclude that in the contract market, mentality is the most important. You must maintain a good mentality in order to better grasp the market and make better judgments on whether to hold firmly or to cut the flesh! The most important thing to maintain a good attitude is to rest. Reduce the frequency of placing orders, don't be afraid of being short, restrain yourself, don't regret what you shouldn't make. The market changes every day, can you make money on every one? So don't slap your thighs, don't regret it, be sure to have a good rest and control your trading frequency. My suggestion is to open up to 3 orders a week, regardless of profit or loss!
2. Strategy second
The so-called strategy refers to your trading experience. Basically, you can summarize your own strategy if you have half a year to one year of contract trading experience!
My summary of the so-called strategy is that everyone has different thoughts and personalities. So the suitable market conditions are different. Take myself as an example. I am impatient and often die from guessing the bottom and picking the top. I reviewed and summarized the previous orders. Most of the losing orders and the heavy losses were due to guessing the bottom and picking the top. Every time he gets hung up on the mountainside, causing huge losses! The main reason is that I am impatient and greedy. After guessing early, my position is heavy, and I die at the last minute every time! So I gave up on the trends that made me lose money and stopped doing them. I also summarized the market trends in which I made money. For example, after every big drop, I rebounded and then went short. This kind of small swing, my large position, made a lot of money every time. After two orders, I gave up and called it a day. Then take a rest and adjust your mentality!
Therefore, the so-called strategy is to summarize the market trends that you are good at, suitable for you, and you have always been profitable in past transactions. Then do them selectively. And summarize those market trends that always make you lose money, and then write them down, watch them all the time so that you don’t forget them, and finally engrave them in your own habits. When you encounter this kind of market situation, you give up and would rather not do it than make money. Don’t touch this kind of market even if you don’t have money!
Let me give you an example. Regarding last night's market trend, in 2018, I would have probably gone short first at 37,000. But last night, I would rather go short than touch the market! Because my position cannot withstand the rising waves, if you guess the top, if you guess it right, you may not dare to take it after a small correction, and you will run away, not making much money. But it surges up wave after wave, and then falls slightly. You may be so washed that you doubt life and cut yourself off! Therefore, I have formed a habit that is engraved in my bones with this kind of market situation, and I will never touch it again!
By the way, how many brothers were cut off last night for guessing the short position? Leave a message in the comment area and let me take a look.
3. Technology is third.
It is not ruled out that there are professional teachers who can analyze technical graphics very well, and they can also make profits and make sustained and stable profits. For example, Mr. Hedeng is also a big rebate customer of mine. He is very good and draws very well. For several years, his retracement has been very low and his profits have been very stable. But there are relatively few such teachers. Most teachers can only mechanically transfer some dogmas and implement some figures in the book. This leads to every time they follow the things in the book, which conflicts with their own feelings and makes them doubt life. I haven’t seen many teachers nowadays, take this book and study the theory for a few days, and then start taking orders. . . At what price to open an order, at what price to stop loss, and at what price to take profit, we will arrange it clearly for you. In the end, if you don't make any money, it's a good idea, and there's a high probability that you'll lose money. But the teacher doesn’t care whether you lose money or not, as long as the teacher makes some money, it’s fine, right? . .
However, my understanding is that technical teachers must eventually return to their mentality. Why do you say this? My understanding is that technical teachers, through technical control and strict execution, also ensure that they have a clear direction in the process of holding orders, so that their mentality can be stable and they will not be distracted for a while when making profits. Excited, I closed my position and took a sip of soup. When you are losing money, you don’t know whether you should cut the meat. Through technical indicators, you have your own goals, so that no matter how the market fluctuates, you will be aware of losses and profits, so that you can maintain a good and stable mentality!
Of course, these are only a small number of teachers. Their talents and personalities are very stable, and technology is only useful to them. Most people, when talking about technology, are very clear-eyed and ask how much they have made, and how many millions they have lost. . . So, this is it, it is better to have no books than to believe in books! Most people will only follow the graphics in the book mechanically, or they will not follow the graphics at all. It cannot be retracted and released freely. Therefore, I think technology is really useless. It is better not to learn it. Otherwise, it will only make you doubt your life and have your thoughts impacted.
My understanding of technology is to look at the pressure level and the candle chart. . . Don’t learn anything else!
alright. Having said the above, let me finally summarize my understanding of what newbies should do in this market and how to make money!
1. Control the frequency of placing orders. It is recommended that there be a maximum of 3 orders a week. Adjust your mindset by controlling frequency.
2. Pay attention to rest. Take a break when you make a profit, take a break when you make a loss, don’t be in a hurry to participate in the market, don’t be in a hurry to get your money back! To what extent should you rest? Rest until you don’t think about the market or the market at all. Live well while you rest. Don’t always check the market, chat and discuss with people in the currency circle!
3. Summarize your money-losing orders and money-making orders. Go and review the market, then stop making money-losing moves and integrate it into a habit.
If you can do this, let alone how much money you can make, at least you won’t lose a lot of money! In the currency circle, if you don’t lose money, you are already in an invincible position!
Okay, if you like it, please give me some attention, thank you!
