How Wu Weimiao, the 'King of Intraday Trading', Made 400,000 from 50,000 in One Year
Wu Weimiao's main trading method is ultra-short-term trading [Secretly Observing R], focusing mainly on technical analysis. According to him, his techniques are divided into two basic abilities: one is establishing a technical indicator system, and the other is reading market information. His investment philosophy is to profit and withdraw funds, never to deposit additional funds in case of losses [Like R]
1. For short-term trading, training in market conditions is the most important.
2. The trading cycle must be clear; without a cycle, it is impossible to analyze profit-taking levels.
3. Every entry order should have a stop-loss point set. If there are frequent stop-loss situations, one should become more cautious with orders and avoid overtrading.
4. Easily denying others' methods hinders your own growth.
5. Short-term trading techniques can be practiced; skill comes from familiarity; no one is born knowing how to trade futures.
6. The trading path also depends on favorable conditions; it is not necessarily a long-term path, and requires a good technical foundation along with favorable market conditions.
7. Develop a good mindset for profit-taking and stop-loss, focus on price and patterns, and pay attention to 'levels' rather than 'points'.
8. As long as leverage is added, investing beyond one’s capacity may lead to failures.
9. Do not equate 'high-frequency trading' with 'overtrading'. Trade more in favorable conditions and exercise restraint in consolidating markets.
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