If there are 100 analysts in the market, they will definitely be divided into three groups: bullish, bearish, and sideways. Each of these three groups has their own reasons. No one can convince anyone else. However, the market has only one performance, either up, down, or sideways, and your trading can only be in one direction.

Therefore, in the process of trading, you can only do one direction, you must have your own unique views and trading methods. You don't have to care what the analysts say.

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I know a Mr. Y who does foreign exchange trading. He has been in the foreign exchange market for seven or eight years. He told me: If a familiar technical pattern appears on the chart, no matter which group of currencies it is, I will definitely trade it. No matter it is an upward cross or a downward cross, I will definitely place an order. Anyway, I have prepared a 25-point loss limit for each risk in advance. Once this limit is reached, I will accept the loss and exit. If the market cannot eliminate me, it is my turn to make money.

Let me tell you, I have always adhered to this principle in trading. 80% of my trades are profitable, and only 20% of them are losing money. When I am in the best state, 95% of my trades are profitable. Moreover, every loss is within my control.

(I know that he used the money he earned in the foreign exchange market to buy a house and a car, and he also travels abroad with his family 2-3 times a year.)

He joked: "In front of methods and trading principles, I am just a robot. Don't talk to me about how others view the market, and don't talk to me about news. I only believe in my little bit of technology and trading principles. For every transaction I make, everything else is meaningless."

I would like to ask, does the loss have any impact on your mentality?

　

Answer: Unlike most people, I like losses that are within my loss plan. These small losses within the plan only show that there are flaws in my analysis and methods. It helps me to improve my techniques and trading methods.

I would like to ask: How do you implement your own trading principles and the discipline to stop losses?

A: Trading is actually very simple. At any time, stop loss is the first priority. Only those who know how to stop loss are qualified to make big money. Every time I reach my loss limit, I stop loss without hesitation. Although sometimes it turns out that I only need to endure a few more points of loss to make a lot of money, I never regret it because my trading principles cannot be violated.

Think about it, in a fiercely competitive market, your way of survival is just these few principles, and you don't even abide by them consciously, do you have ten heads?

A speculator with a normal mind must be honest and trustworthy to the market and himself, and must be honest and abide by principles and disciplines. Once he finds that he has made a wrong judgment, he should honestly hand over the money he has prepared to those speculators who have made the right judgment. Conversely, once you make a right judgment, others will obediently hand over the money to you.

The market is actually that simple, without too many