01. Selection
Many traders believe that successful trading depends on superb skills and sufficient funds.
But Brother Liu doesn’t think so. If you want to make money in trading, you have to go to where the money is concentrated. What tools to use is another matter.
If you have a lot of talent but don't use it in a place with money, you will definitely have no chance in the end.
02. Small losses and big profits
No matter how good a strategy is, there will be a time when it comes to stop losses. It is difficult for normal people to remain calm when they stop losses, especially when they stop losses continuously.
But you have to accept that if you try to be clever and deviate from your trading system in subsequent transactions in order to avoid losses, or if you are in a hurry to close your positions to lock in profits, I can guarantee that you will miss out on great opportunities to make huge profits later.
Mature traders don’t have any unfathomable realm or magical techniques. They just do complicated things simply and do simple things repeatedly.
The core essence of trading is simply this: small losses and big profits.
03. Cognition
Many traders are always pursuing perfection in the market, especially some technical analysts, who always want to sell at the highest price and buy at the lowest price. They also want to catch every rebound and avoid every adjustment when the price is weak.
But in our actual trading, as long as we can make money within the scope of our own cognition and keep repeating it, we can naturally achieve a snowball effect.
04. Knowing does not necessarily mean doing
There is no secret when it comes to trading. There are only a few ways to make a successful transaction.
What is the most important profit and loss ratio, stop loss, follow the trend, risk advantage
04. Knowing does not necessarily mean doing
There is no secret when it comes to trading. There are only a few ways to make a successful transaction.
Things like profit and loss ratio is the most important, stop loss, follow the trend, risk priority... are no longer new things.
Anyone who has been in the market for ten or eight years probably knows a lot about it, but why do most traders lose money?
In my opinion, knowing is just the first step, and doing is the way to trade.
05. What is a master?
A master trader will never be obsessed with using any techniques, nor will he be superstitious about any policies, theories, technologies or news.
What they pursue is a precise grasp of the human nature of the market group and a thorough understanding of their own nature.
Only by getting rid of constraints can you be free.
06. Simple
I have said before that if you open any price chart and you cannot figure out what to do within a minute, then I am sure your system is not working well.
The purpose of the system's existence is to let you quickly understand what you can do and what you cannot do; where to do it and where to stop loss; whether to go long or short.
07. System
The key elements of the system: determine the trend, enter the trend with the help of retracements, increase positions through repetition, and leave the trend based on signals.
This is the daily operation of continuous profit, not some martial arts secret
membership.
08. Realm This is the daily operation of continuous profit, not some martial arts secret
08. Realm
The so-called realm is nothing more than suffering a lot of losses, gaining a lot of knowledge, and finally realizing who you are.
You have to know what you can do, then set a standard of behavior that is in line with this task, and finally execute it according to the standard. This may be the advanced state in the eyes of most people.
09. Look at the big picture and ignore the small details
It is much easier to succeed if you think about how to make a big sum of money than if you think about making a small amount of money every day or every week.
This is why I always ask everyone to do the two ends (Qian area and Kun area) instead of the middle. Space is always an important factor in trading thinking.
Livermore said: "When you understand this, it is easier to make millions of dollars on Wall Street than to make hundreds of dollars.
Think more about how to catch a big one, so that you will be more likely to succeed.
10. Leave it to you to think about it
Talking without practice is just a lie. No matter how many times someone says it, it is better to do it once. Let money and love flow to you. Is it difficult to earn a million dollars a year?
Don't let anyone take control of you at any time.
It is impossible to be happy at work, and it is impossible for a poor person to become rich.
28 insights from trading masters 10 reasons why traders will fail
It is more interesting to understand your soul. When you encounter your interestingness unexpectedly, there will always be someone who understands your interesting soul.
