Great traders are wild

Ten thousand to one hundred million: how to become a great trader

The old ghost has been playing for 20 years, and there are countless trades. There are countless top-level traders. Based on their own practical experience and observation of the top trader's case, the paper summarizes the basic literacy that top traders must possess; “Old Ghost” tells you How to become a top trader, from 10,000 to 100 million will no longer be a myth, but a reality.

This is a speech at a trader's training session.

First of all, I have to risk the risk of being kicked, telling everyone that most of you are not suitable for investment. I mean, most of you are destined to be good traders, but that doesn't mean you can't develop in the industry because the industry's ecosystem covers too many survival postures: researchers, managers, and intermediaries. People, trainers, and even the management that is hidden under the 18th floor.

Life is like a game. Everyone lives in the big game of society. If you want to live and understand, you must first recognize what the card that God sent you. What are the characteristics of the cards in your hand? Board and short board before you decide how to get out. The natural endowment in economics is probably the meaning. If you don't admit this, even if you think that people will win the day, then we can only reply to your online buzzword: the dry ducks are going to swim, and the angels are speechless.

According to a famous American scholar, investment requires endowment. The great trader has seven qualities. What is frustrating is that these seven "traits" are mostly innate, basically impossible to acquire, and possess these qualities. There are very few people. What you can learn the day after tomorrow can only be the accumulation of knowledge and the accumulation of experience, and this is only an enhancement of the existing traits, but these, when accumulated to a certain extent, will have a diminishing effect. Because, who in this industry will not read books, who will not be a bit of a memory? So these can only guarantee that you are not out of date, and if you don't have these, you should have to go somewhere else to cool off. These seven traits are the commonalities of the "great trader".

Let us look at the seven qualities that foreign experts say. His original text is quite long. We can only make a summary broadcast:

1. The ability to buy decisively when others panic, and to decisively sell when others are blindly optimistic.

2, focusing on speculation, the capital market is its own strong excitement, the great investor is a group of people who are extremely fascinated by this and have a strong desire to win.

3. Be absolutely confident in your own thoughts, even in the face of fierce criticism.

4, the person's left brain is responsible for the immediate response to the problem, the right brain is responsible for summing up the lessons. The left brain is a master-class computer with a very low frequency. There is always some safe thinking or pessimistic thinking, which is basically a conservative. The right brain controls the body's blood pressure and heartbeat. It is a radical school that is in charge of some positive adventures or optimism. Great investors should use both left and right brains.

5, have a firm confidence in their trading system, will not easily change course.

6, can effectively avoid repeated mistakes, accustomed to admit mistakes and corrections, understand the objective criteria of admitting mistakes and the timeliness of error correction, will not repeat the same mistakes many times.

7, the last, is also the least common trait, that is, in the process of investment, in the face of big ups and downs, it does not change the established investment ideas.

I agree with these seven articles. If you want to refine it, these seven articles can be summarized into four, because the first, fifth, and seventh all refer to the firm belief. So further, we can concentrate it into a few words: interest, belief, alertness, and persistence.

Assess yourself, if you are far superior to others in these areas, you may be able to make a difference in professional trading, but this is only possible.

Having said that, some people may be excited: who doesn't know this! I admit that you already know this, because your transaction has already started. But I still have to tell you that there are a lot of "smart people" outside the circle. They haven't even done it in one day, but they will also say that they have known this for a long time. Please note that knowing and being able to do it is two different things. Most people can't evaluate themselves correctly. In the face of simple rules, they can say "I can" without thinking. Even if you have extraordinary thoughts and practical skills, in fact, the instinct of fear and expansion in human nature will often patronize you, cutting off your normal thinking and operation from time to time. You have to admit this weakness in human nature, and then ask yourself if your nerves are much stronger than others. Do you have these seven qualities innate?

Don't rush to answer. Because you don't necessarily know yourself, you have to slowly evaluate and verify it. It's best to accept a third-party assessment. If you really don't have these qualities, then you don't have to force yourself to succeed in the transaction. You can do research, manage, and do other aspects of the industry's ecology. You can be successful, and you can achieve great results. Why squeeze this wooden bridge?

The innate ability basically determines whether you can go further in this industry. The exercise and learning of the day after tomorrow can only improve the existing ability, but can not create the true ability.

Over the years, we have observed many successful traders, then studied what they have in common and tried to find out the rules of their success. Through the analysis of a large number of cases, we found that in addition to the traits of "interest, belief, alertness, and persistence", there are seven qualities that can be cultivated:

1. Organic interaction between learning and operation;

2. Will stop loss in time;

3. Strictly observe the trading discipline and have consistent trading behavior;

4. Highly focused on the transaction;

5. According to the specific band, grasp the opportunity to go out of the market, do not do the hope of trading;

6. Reasonable use of positions;

7. Always with the trend, not against the city.

The above seven items can also be summarized into eight words: focus, study, discipline, and market.

Thus, the two seven articles were summed up into eight innate characters and eight characters in the day after tomorrow. They were "interest, faith, alertness, summarization" and "focus, study, discipline, and market."

If you feel that the 16 words in this area are very superficial and ridiculous, it may be because you have not yet entered this threshold. You have not entered this context. You still don't understand what is “avenue to Jane”. Of course, if you are already a great trader, congratulations, please but laugh.

Einstein divides wisdom into five levels: "smart, wise, excellence, genius and simplicity."

Intelligence is smart or intelligent;

Wise is to do things rationally and reasonably;

Excellence is the way to do things superb;

Genius is unparalleled in doing things;

Simplicity refers to the ability to read and understand in a certain subdivision, as well as the purpose of execution.

In fact, not only is genius difficult to understand, but when it comes to the realm of "simple", it is also difficult to understand. "Simple" is easier said than done, and it is more powerful than heaven.

Knowing and acting is an ancient proposition. Many people who seem to know everything, in fact, few people can really do it.

Good traders know how to strengthen their own traits, develop their own personalities, and truly realize the unity of knowing and doing, so they succeed, and they succeeded smoothly.

Statistics show that basically all the winners intentionally or unintentionally fit the above sixteen words.

On the surface, success is as simple as this, but the great trader's way of knowing what to do is different. Comparing the individuality of each of them, the rough looks may be contradictory, and there are even a lot of tit-for-tat conflicts. For example, Zhang San is bold and bold, and Li Si is calm and delicate. But this is only superficial. If you carefully observe and study, you will find that their external representations vary widely, but they are different in nature, but they are essentially the same. In the practice of trade, their differentiation has formed a trading style, but the commonality is still ubiquitous. In other words, although their external representations are so different, they are essentially coincident with the seven traits and seven qualities mentioned above, but they all have different appearances.

The superior trading skill is essentially a good and effective habit of dealing with trading problems.

The trader's personal habits form a trading system that has a common feature: effective and not replicable.

Where do the advantages of good traders come from? Of course, reading is very important, but reading too many books and news will overwhelm your brain, affect your thinking, and even damage your investment performance. This is excessive information. Harm. Academic qualifications and professional certificates, knowledge and experience can only make it easier for you to enter the threshold or not fall behind, without forming your advantage.

Yan Jiehe said that "entrepreneurs are all wild". There is no place to cultivate them. The MBA is just teaching you how to be a manager, and often it is not necessary.

I agree with this statement that real masters cannot be mass produced by some kind of organization, and this is true in many professional fields. Just like most writers are born in non-Chinese majors, because Chinese majors can only teach you to become qualified language writers, such as editors and copywriters, but they will never teach you how to write good works; politicians are even more Wild, the political profession at school can teach you how to make a civil servant to the government, and it is too far away from politicians. So analogy, the great traders are also wild, which is why people who study finance and economics do not have much advantage in the trader industry. To survive in the market for a long time, you must have some qualities that ordinary people don't have, such as not being greedy, agile, agile, and guarding. If you want to be a great trader, you have to stick to your trading system. This requires even a bit of paranoia, because in this harsh market, only the paranoia that adheres to the correct concept can survive. And the most important thing is that in the course of the trade, you have to have the psychological quality of Taishan collapse in front of it, and only then can you "worship the general." But obviously, these requirements are almost impossible for most people. People have weaknesses. Overcoming or controlling these inherent weaknesses is the lifelong lesson for investors.

Qi Baishi said that learning from my life is like killing me. This "wild" artist from a carpenter has such a philosophical statement that I think it is suitable for any industry, and of course it is suitable for the stock investment industry. The revelation of this sentence to us is that those who can really learn to learn the essence of others, only to learn the surface of the article is definitely a dead end.

No trader can accurately predict the market, can't predict what will happen in the market, and the market will not take care of your emotions and expectations. In trading, the most important thing is not to predict the direction and ups and downs of the market, but how to follow the trend and follow the trend. If you follow suit, you must stick to it. Keeping clutter in the process is a test of your will and an inevitable cost in trading. As for how to find and follow the trend, you have to look at your personal repairs. Successful traders use a system to control their trading process and use iron discipline to constrain you to execute the system. In fact, the only thing we can control in this turbulent market is this.

The sense of disk is also an important component of the advantage. Although there are a lot of homework to be done before the transaction, many successful traders follow the feelings in a certain transaction in the actual transaction. This feeling is the sense of the disk. The emergence of a good sense of the disk requires a process of accumulation and gradual progress. It is necessary to attach importance to "self-realization." The process of self-realization is a process full of hardships. It should be said that it is not easy to complete the transformation from imitation to self-realization. Many people It is often not the first time that you have entered this stage.

Buffett said that if someone tells you that it will rise tomorrow, you should never trust him. I agree with this sentence, so I never listen to other people's predictions. All technical analysis, including Gann theory and wave theory, are predictive of the market. These theories look perfect and difficult to use, but that doesn't mean we don't have to learn it. Because "doing things without having to be a book, being a man can not be without a book", studying some classic writings is still beneficial to broaden your horizons and improve your trading system.

What ideas, ideas, and philosophy have only two uses: one is the realm of great traders, and the other is the quotations that critics use for self-packaging. If ordinary people want to be truly successful traders, they must first care about three things and make them to the extreme: 1. When is the opening of the warehouse; 2. What to do if the market is unfavorable after opening the position; 3. Opening the position What to do after the market is good. If you practice this, your advantage will be taken shape.

In fact, some well-known individuals who build their own advantages also need a process of repeated revisions. Weld invented a series of technical indicators: relative strength index, parabola, swing index, steering analysis, dynamic indicators, variability and so on. After years of introspection review, he realized that each indicator has its flaws and misunderstandings, and no analytical tool can accurately predict the trend of the market. Later, he realized the importance of "following the trend" and deeply understood the true meaning of "nothing to win and win". In 1987, he launched the new work "Adam Theory", and the subtitle was "The most important thing is to make money." That is to say, after a thorough understanding of the market, he denied a lot of technical aspects, so he had the feeling of "nothing to win and have a move". This is also considered to be "for the loss of the road" to a certain realm, but nothing can be done. .

To be the ultimate in simplicity, it has become a winner.

Therefore, the people in the market believe that a mature trader must eventually return to the simplest and most primitive technologies. But those who are just starting out can't pursue simplicity. You must go through a process of cultivation, which is the foundation of growth. Just like learning martial arts, there is no shortage of basic skills and routines. Only when the basic skills are trained to a certain thickness, you are qualified to expect a high-level realm without winning.

The fundamental reason why the market can exist and is always active is the unpredictability of the price. If the price can be predicted scientifically, it is impossible to reach a deal. Since the market is basically unpredictable, you have to focus on consistent trading rules, which will allow you to stand on the larger side of this chance game. The purpose of the transaction is not to prejudge the market, but to realize the price difference. The source of the price difference mainly depends on the most basic principle of “doing wrong, making losses, doing more profit”, and also paying attention to the risk of self-control. This is the biggest difference between traders and analysts. My understanding, investment is no secret, all in execution. Execution has reached a high level, and you have your own advantages.

Finally, it must be said that the learning and exercise of the day after tomorrow may also establish its own profit model. There is such a group, maybe the congenital does not match the sixteen words mentioned above, and may not be able to establish the advantages that the masters said, but they have the power to be disciplined and insist on using mechanized transactions on the trader. Turtle trading, using stylized trading to achieve profitability, of course, this may not be a great trader, but at least it can be mixed in the market, maybe there will be a small.

The trader has a sparsely populated group. Most of them don’t like to be crowded and screaming in groups. They are used to being separated and separated from each other, so outsiders don’t know much about them.

Good traders have some money, so there is no need to question them; in addition, people with bad conduct are generally not good traders. Or, conversely, the character of most excellent traders is very good. Why can we say this? Simply put, the rewards and punishments of the market are magnified by leverage and transactions, so the market will reward “good character” in the way of capital multiplication, such as humility, self-discipline, courage, hardship, patience, calmness, etc. At the same time, the market will double the punishment for "bad guys", such as greed, fear, impulsiveness, impetuousness, arrogance, laziness, etc., all of which can bear fruit in the transaction. Because of this kind of positive and negative energy cycle, over time, the good habits of excellent traders will be strengthened, bad habits will be overcome, and good habits will be applied unconsciously to daily life, and their character will naturally The better. Imagine if these people are willing to take the time to ponder the evils, how can he have time to focus on trading! Those who don't focus on trading will soon be kicked to Java by the market.

In fact, in the real economy, "good character" will also get positive energy, "bad character" will also get negative energy, but the time period is too long, the intensity of the action is not amplified, because there is no leverage in the real economy and intraday trading. Borrowing Buddhism, these come too slowly, not necessarily in the current world, nor in the current newspaper.

Although they are wealthy people, they are different from the second generation of the second generation. Their wealth is self-sufficient, so they know how to manage money and know how to live within their means. They are the real rich people who have the ability to control wealth. More importantly, their personal qualities will slowly bring spiritual wealth, and spiritual wealth will eventually bring more material wealth.

In short, this is a group with virtues and talents. They are the top choice for making friends, and they are also potential golden turtles. Because they can persist in the market for many years without ruin, indicating that there is perseverance and perseverance, and the family must also be careful; they can survive in the market for a long time, and will not be eliminated in the big ups and downs, indicating that they are mature and stable, able to withstand the wind and rain; They understand economic laws, are good at managing money, and have the ability to provide strong economic security for their families. At the same time, because they need to be highly focused in the speculative market, traders cherish time and spend most of their energy and time on tracking the market. Going outside to get rid of the gold fans, it is completely reassuring; in addition, research and trading do not have to deal with complex interpersonal relationships, so successful traders are pure in their dealings with people, often vain and generous.

Yan Zhaomin of the Oriental Harbour said: Lasting greatness is called true greatness. When he came to Shenzhen, he was a grassroots and his hands were empty. His first house in Shenzhen, the first car, the first wife, and the first child were all financed by investment. The first wife was still the last one, and it has not changed. Why is it unchanged? Because investment can not be easily divorced! Divorce is equivalent to five daily limit! Feng Chengyi, the sixth national real-time real-time competition champion, said that he is single-minded, must be old with his lover, and even do futures only To make a variety of copper, it shows its concentration and strength. Shanghai He Jun is a real person from 10,000 to 100 million. He focuses on trading so that he doesn't know what's going on outside the window. He even says that he won't get married in the next life. How can someone who is so focused go to spend the red and green. Everyone in the circle knows that these are actually the commonalities of futures birthday stars, not just cases.

Not only relying on knowledge accumulation and analysis capabilities, trading experience and fund management are far from all, and having good character is an indispensable factor. The truth of securities and futures trading is often simple and simple. It objectively requires people to be pure and heartless. It strengthens the aspects of human nature, weakens the aspects of human nature, and the problems of character will eventually be eliminated, so most of the winners we see are of good character. If a person gets a direct monetary reward for good quality, he will inadvertently strengthen his good quality, and thus it will enable the good person to continue to sublimate while correcting minor problems, thus becoming more and more good. A person's character and cultivation are good, and it takes a long time to verify in real life. In the market, this verification time is many times shorter.

The phrase "character determines fate" can be directly verified by success or failure in the transaction. It is the current newspaper, which is much faster than the current report of the Buddha. Religion says heaven and hell, securities futures traders can immediately experience and verify at any time.

Lao Tzu said that "the good is the water," and those who have virtues should nourish everything like water and not compete. The securities and futures trading market is a testing ground for humanity. It rewards the advantages of human nature and punishes the weakness of human nature. Securities and futures are more difficult to succeed than other fields, and the traders have undergone numerous changes and punishments after completing numerous trials and punishments. Therefore, in order to succeed in the market, we must adhere to the correct concept for doing the right thing for a long time. In the long run, the realm of trading can reach a certain height. Therefore, character is an important indicator to identify masters. We are familiar with the securities futures. Most of them think that doing things like being a person, the trader's character is not up to standard, the level and realm of his work will not be too high, only both ability and political integrity In order to be successful in the market for a long time, no industry has such high requirements for personal cultivation.

"The feelings are proud, the casino is frustrated." This sentence is usually a joke, but it is really like this in the securities and futures market. If you live a good day, you will definitely affect the trading mentality and your mind will be chaotic. The slap of the market will immediately hit your face. Therefore, to survive and develop in the securities and futures market, objectively requires self-sufficiency. In emotional life and social activities, you will always be alert to not being involved in erotic scandals and bad things.

The character we talked about above is actually a comprehensive statement. Its core is good character, cultivation and cultivation. It does not necessarily mean moral quality. It cannot be infinitely exaggerated. So strictly speaking, they are only better than ordinary people, and their character is far more reliable than the average person. If you want to torture their wife and mother, they will be saved first, or will they sell their souls under heavy punishment. The big topic is seriously out of scope.

The level of spiritual realm determines the height of life. A low-minded, humble person cannot make a difference in financial investment. In the society, who would expect a person who only knows how to eat, drink, and have no ambition, and make a big event in the future? The ancients said that seeing Xiaozhida refers to the spiritual realm that a person has since childhood, and this kind of The standard of value and behavioral habits determined by the spiritual realm. Therefore, what kind of spiritual realm determines what kind of life trend; how high the spiritual realm determines how high the investment performance. In securities and futures investment, the realm is one to understand the breadth and depth of the market. Some people, even if they make some money, are smug on the surface, but their hearts are fragile, their eyes are confused and unconfident; while those in high realms are clear in their time of failure, their eyes are calm. The movements are also calm. These differences determine the different life, so the trader needs to have a correct outlook on life and wealth. Only in this way can he go further.

Because the spirit is different from the demands of ordinary people and the high degree of concentration necessary for operation, the traders are mostly lonely. For them, loneliness is a very high level. Nietzsche said in his early years, "Lonely exists only in loneliness. Once it is shared, it will evaporate." When you are alone, you don't know the degree of loneliness. It is no longer a secular sense of loneliness. At this time, loneliness has become a habit. Lifestyle, the parties are entertaining themselves in loneliness, knowing each other, so they don't have to rely on sharing to release them. They can live alone and work quietly in their own unique way. In this pure loneliness, communication is no longer a necessity, so a person who is so indifferent must be a gentleman and a gentleman.