Three enemies in trading:
The first enemy: no stop loss.
The second enemy: frequent trading. No stop loss and frequent trading.
The third enemy: yourself. Cannot integrate knowledge and action.
Find the direction from the big cycle to the small cycle, and find the turning point from the small cycle to the big cycle. The direction must be clear, the turning point needs to be waited for, the position must be controlled, and the stop loss needs to be executed.
The most important and difficult work in trading is waiting! Patience and waiting are the secrets to successful trading!
Do the varieties you are most familiar with, only the varieties you are best at, only make money in your heart, and only make money within your own cognitive range. There is no good or bad, no right or wrong, only pros and cons, only trade-offs.
Man-made laws for nature, you position the market. There are three thousand weak waters, only take one scoop, you must clearly know where your scoop is. Otherwise, what are you waiting for? If you don’t even know what you are waiting for, how can you be patient!
You must have the patience of animals to hunt, and you must also have the courage to not open for three years and eat for three years after opening. Even if you are doing intraday short-term trading, if there is no definite signal, you have to wait for seven or eight hours, or even several days. Trading is not a job that requires making money every day. Trading also depends on luck. If there is no opportunity, it is not your opportunity. Don't force it. The result of forcing is nothing, and it will make you miserable.
Even if you do intraday short-term trading for a few days or a week without making money, it is normal. You must give up the idea of wanting to make money every day and abandon the thinking of workers who work one day and get paid one day. What trading requires is the thinking of entrepreneurs. The essence of the market is uncertainty. It is normal not to make money for a few days or even a few months. This is originally a business that does not open for ten years and makes money for ten years after opening.
The more complicated the method, the more it deviates from the essence of trading.
Real traders only care about two things:
1. What should I do if the trend proves that I am right after I buy;
2. What should I do if the trend proves that I am wrong after I buy.
If you want to trade multiple varieties, it is best to fix a mode; if you only trade one variety, you must have multiple modes to respond.