Category: Money tips Release Date: 2007-05-19
Is estimated that we see "beautiful mistake the beautiful mistake" after the title would have to ask: "Error There are beautiful? There are beautiful mistakes?." In fact, there are many things in this world is very contradictory, at the same time very dialectic of.
However, in the author's eyes, there are such a "beautiful mistake the beautiful mistake." That is, "Stop." In the previous article mentioned a lot of stop-loss problems can also be in a variety of articles, a variety of Web sites to see on the introduction of stop-loss. In fact, the stop of the art in the author's eyes the most beautiful, even if the wrong is wrong is very beautiful, if it will be easier to prove that it's right beautiful.
Why error is beautiful and it? The most difficult thing is the courage to admit its mistake, it is because such an error that makes life more beautiful. Especially in the foreign exchange market, only the courage to admit its mistakes in order to face the wrong, wrong only after a calm face to find ways to resolve the error. Just entered the foreign exchange market investors do not set stop-loss is a frequent mistake. Let us first take a look at our company, together with Northeast University of Finance and competitions organized by a margin of the students after the match award for some comments: "After the failure always have to think rationally analyze the two reasons for the failure, the first because the input too much, and there is no strict stop loss. The second is because there is no strict stop loss. after this fiasco, I started to pay attention fundamental analysis, technical analysis because I think it is difficult to fully grasp the moment, and earn back the principal amount of profit after of more than 1, when close to the end of the game, due to sudden impulse, would like to profit from the last day again, so forget the discipline, but also to accompany the 10001 thousand, the third reason for the failure, I think we should be there is no advantage of the opportunity to. After the game, and after going through ups and downs, I really had a strong interest in foreign exchange, but also to understand and appreciate the importance of stop-loss. "I watched the students reflections suddenly sensory experience bosom friend, and at least in practice, we know that the risk prevention, this student appears to belong to more intelligent, more able to sum up the experience of that category. However, I more often encounter is the kind of "do not touch the wall Do not look back" investor friends, can often hear "I'm what, what position a few hundred points, even quilt is now 1000 points, how to handle" in distress. In fact, this time we do not have much advice again meaning. Quotes are wrong because the judge is wrong, nothing much can be accommodation places. For these investors, we can only give recommended him for a small loss of some, there is no better solution. For these investors feel sad at the same time felt sorry for, or would like to remind one: remember the lesson learned! As long as the strict implementation of the stop-loss, future earnings will be even better!
"Beautiful Mistake," The reason why is because of the beautiful things that seem wrong to give us more inspiration. For instance, we in the application of "Granvile law" during the encounter puncture problems, wave theory of the climb, false breakthroughs and other issues. These issues I believe that is a very beautiful mistake, mainly because its existence so that I am very curious about the research questions and explore the reasons for the existence of the author's vision in the technical analysis. For example: Granvile law tells us that the four rules and four selling buying rules, but the law in the application process to solve the most difficult issue is the phenomenon of puncture. Very often we can not avoid also puncture the phenomenon can not be a time to resolve, but also in the research process I try to use their acquired knowledge to solve this problem and find some ways to cope with these methods to the author brought in the foreign exchange transactions are not small gains, because in the settlement process in the experience and feelings can be described as a beautiful harvest. However, for beginners to find solutions to these problems have a certain degree of difficulty, it also has a method can be used, that is, removal of the eight laws which are likely not to puncture the rules of behavior can be a do! The so-called "knowledge only and available, and the availability of homes to know" is also is the reason.
The author in the usual course of trading to guide the company's trading strategy, or the writing process have repeatedly stressed that a risk-prevention awareness, stop-loss is in the foreign exchange market, the simplest means of control risk (of course there are many means of control risk , such as: purchase of protective options, fund management, hedging and other means), is the most effective method. Set a good stop-loss to control trading risk is a good trader must possess one quality. Hope that investors can learn and should be shipped to the "wrong Beautiful" and "Beautiful Mistake," the true meaning.
