Successful investment = correct method + long-term persistence

How to build your own trading system:
Actually, just answer 3 questions in detail
1. Buy some
2. Selling point
3. Position control, how many positions will be given under any circumstances?

These three points must be quantifiable, cannot be subjective and ambiguous, and must be implemented to meet the conditions.

If you do it, and this system is indeed a feasible and profitable model, then you will understand it, and then just keep repeating it. After the transaction is completed, it becomes a physical job, just moving bricks.

Those excellent traders often do not need subjective opinions. They only need to understand the simplest volume-price relationship and market sentiment to make judgments on the long and short direction.

The market is born in despair, moves forward in hesitation, and dies in joy.

Pessimistic people are often right, and optimistic people make money.

From a macro perspective, whether there is a rebound now depends on next week's CPI. Powell's speech after the Fed's interest rate hike meeting next week is likely to be hawkish, and he is expected to mention raising the terminal interest rate to 5.25%. Therefore, my position plan remains unchanged and I still wait patiently.

When the market trend is unstoppable, no pressure level will form an obstacle - no matter how ugly the K-line is, as long as it goes out of five daily limits, its K-line will look perfect.

Therefore, when the market torrent becomes irreversible, its past is less important.

(About my advice to myself not to be too obsessed with technical analysis)

In the financial market, just because you understand the principles of ups and downs, various forms, and many theories does not mean that you will definitely be able to make money.

The so-called theory is static, but trading is dynamic. Therefore, only through long-term continuous practice in the market can we gain something.

From theory to practice to self-control, this must be a long process.

Looking at the general trend, we still look bearish. The medium trend looks at a rebound in about a month, and there is demand for a correction in U.S. stocks.

Next, focus on Powell’s speech: If it is hawkish, the market will think that December will continue to be 75 basis points; if it is dovish, the market will think that December will continue to be 50 basis points - here are the main variables at present.