Category: Money Tips Date: 2007-01-22
A good master should be defined transactions can be sustained for many years to obtain a stable continuous compounded returns over many years to make money, rather than once they riches, and often make big profits, rather than the capital markets, high profits should be derived from the long-term accumulation of low - risk but the results of the ongoing profits, professional traders to pursue only the most reliable, and only the low amateur hand of only concerned with profit maximization and meet with the transient glory of. It is also easy to most people are brilliant, the root causes of success difficult.
Shigekura and frequent transaction resulted in a huge success with low volatility is an amateur performance of the hand, and the interaction between each other cause and effect. Perseverance, patience, confidence and stubbornly persistent accumulation of a successful transaction is the professional attitude.
Whether a clear, quantitative, systematic and fundamentally necessarily locked into your one-time and overall operational risk, is the distinction between winners and losers of the cut-off point, and then is the talent, hard work, luck and get the greatest possible results, How do the results, which considerably depend on the market, namely, "to succeed in the sky." As for the losers, no matter how brilliant are just shocks only is ultimately able to escape the fate gambled away. From a subjective emotion-based trader qualitative change of the objective system, based trader is a distillation of a long-term accumulation of precipitation results: the unconscious conscious --- do ---- do ---- ---- ---- habits persist -- Dacheng forget ---- ---- --- mastery.
A little money by technology (smart), a lot of money by will (wisdom). Long-term (Wisdom) by imposing the direction of short-term (smart) to find the time. National Cheng Kung University business intelligence, intelligent, only to feed their families. Smart too far and will lose the intelligence (for try to be smart), so I have to give up a small intelligence and bright (for Taizhiruoyu). Here will be interpreted as the right stick to their ideas and effective way to waver.
Stop-loss is based on a series of small losses to replace the loss of more lethal, it is not necessarily Quotes "no" judgments (ie, it will not necessarily stop the completion of the opposite direction to continue and even most of it will not, but only for that one "really" is also necessary to insist on a maximum of only anti-stop re-intervention), but only the first of more than his own risk tolerance, so the principle of maximum loss of funds (must be absolutely "= 5% of assets) must strictly comply with the first. As for the stop loss too often need to ask for public assistance a few hands and open position, stops, setting reasonable and patiently wait and give up the necessary improvements.
Great Quotes should be careful Qingcang overweight (due to big bang Quotes are also great, because of greed blind coded not only in the shock loss of profits, will lose their direction in order to break the rhythm a complete failure).
Far as single and local, the correct approach is not necessarily the best outcome would be the wrong way there will be a victory or even occasionally brilliant, but as long-term and full term, success must come from the habit of adhering to the correct methods and to continuously improve the cultivation of character.
Nature itself is by the law and most of the randomness of the composition, anyone who wants to completely and thoroughly and accurately grasp the idea of the world, are arrogant, ignorant and stupid performance in pursuit of perfection is a form of expression, "Man proposes, God disposes. ", to people we are talking about is the fate rather than the best, in the things we pay attention to adapt, change is sent to the outside world rather than to provide their own.
Profit is the product of risk rather than the product of desire, the risk is always the first one to be able to control and to circumvent its own, but not avoid, because any profits were to bear a certain risk in order to obtain access to the returns, as long as the transaction right thinking, for should bear the risk we have to leisurely.
The correct analysis and forecast is just the first step in successful investments, successful investment in need-based rigorous risk management (position management, and stop-loss management), the rigorous mental and emotional self-control (Chongrubujing, remained calm).
The first psychological control, risk management, second, the importance of analytical skills, the most times.
Must be overcome in the trading of assets over equity concerns or adulterated into the subjective needs of the reasons, giving rise to greed and fear tactics of confusion caused by emotional amplification, strategic aliasing ultimately the good things Gaode a complete failure. Transaction state can be no desire for more gains, doing a good job to do rather than the most want to do. The market is not your place to find stimulation, nor is your teller machine.
Any of the things, for his definition of the more strict, it is inherently less. The actual operational only stronger. In our trading rules and trading schemes in the composition and formulation must also be the case from the nature and depth of understanding and implementation, so as to ensure the success rate.
Pegged to the stop-loss (win only), stop-loss (only win) is that they control (Man proposes, God); without considering profit, because profit is controlled by the market (and brought to fruition in the days)!
