Category: Money tips Release Date: 2007-07-09
The first really want to trade. This is the first principle, with a one-vote veto, if you do not "love" this line, please go away. I estimate that this is not just Murphy's view that all teachers are all super-trading transactions of crazy love with all sectors of all the successful people do not love their own little career success is no accident.
Article I, WHY and HOW. I - I really would like to trade, WHY - Why do I want to trade? HOW - How do I intend to trade? This is the three issues, rather than one, will want to clear. Repeat once again, why you want to trade? If you can not answer, please go away. - No tips.
Article III you are you. Well, these two questions did not let you walk away, to congratulate you, and now tell you how to trade. How to conduct transactions? Established in line with your personality transactions. This is not just Murphy's point of view, Fan. Kay spectrum of the same trading strategy with special emphasis on the personality must be consistent with the transaction. All the factors in the transaction, you, first.
Article IV You're still you. Even if you have a perfect personality entirely consistent with your trading system and money management strategy, in fact, it is not possible, you still must exercise some restraint, you still you.
Article V of shore sea, days Ya. To determine a way to use, no matter what. Fundamental analysis, technical analysis, value theory, value theory, charts, indicators, mechanical systems, intelligent systems, wave, Gann, Gann, you always have to be a little. Council is important, because it taught the principles, more importantly, to determine its borders, you should know under what circumstances, but can not be used under what circumstances.
Article VI talent and sweat. Now, suppose you "love" transaction, you have a good transaction motive, with the system in line with your personal trading strategy and fund management, but also the restraint, the access to a complete analysis of technology, Congratulations. However, still regret to tell you that only a very few people can become a super-traders, other people can only rely on the sweat to become net profitable trader. Trader is required to become a super talented. Edison said that 1% talent and 99% perspiration = something and seems very polite, let's calculate that 1% of the talent is equal to the number of bar. Buffett is currently the undisputed king of stock, since the year 1965, the date of his compound, but about 26% (starting and ending at different times vary), which in China's stock market did not matter, what counted was that year after he was able to for one year. Curdy. Ai fine of up to, since the seventies has been widely used in computing the most outstanding mechanical trading masters, 18 years, wealth has increased 1,000 times, an average annual compound interest of 46%. This result, he went to China the stock market is also nothing, stone to open in 1999, capital-fold? However, Stone has opened scenery for a few years? ! Therefore, the success chance is an opportunity or lucky, long-term success is a genius. Now, do you think they are a genius? Is higher than the pursuit of your genius?
Article VII Thrace, those with no intellectual name, no-yong gong. Sun Tzu said: "Thrace, those with no intellectual name, without courage merit points." "The Art of War" 13, there is no one more than its essence. Trading program does not cost more effort, more natural, the greater the chance of success. Murphy said: "Perfect transaction is not required effort." Profound. I also understand that not only feels.
Article VIII, management, management, management. What is management? Money! Whatever you do they do trade, in short, and ultimately, profit this factor. Funding is the starting point and end the transaction. Have some experience can learn from, and
(1) In any transaction in the risk of your funds should not exceed 1% to 2%, strongly opposed to more than 5%. Murphy talking about futures, as the stock market may be appropriately relaxed a bit, but in my view, is still strongly opposed to over 10%. I usually use the 5% stop-loss, through the combination of risk diversification.
(2) decided to withdraw before the transaction point.
(3) pre-set a number (10% ~ 20%), if the loss of more than this number, out of the market to analyze the reasons, or sharply reduce the scale of operation.
(4) phased out.
(5) Proper important than genius. Days to buy low sell high, you can buy at the end of the top selling, I is not, even Zhiqiu win.
Article IX rules, rules, rules. Not a radius of no rules, foreigners also understood this truth, but also pay attention to the spirit of the law. What is the "law"? In accordance with classical Western political science, law is the people agreed with the Government contract, the United States Constitution is a typical case. Unfortunately, a considerable portion of people do not like these things, the traditional habits and sentiments, we re-re-re-face, except the sense of blind obedience is not re-re-lease. Rules, rules, laws, there is no need to repeat the description of their meaning and significance. Murphy said that you can not always avoid the bad habit of transactions - you can do the best effort was to allow them to lie low. I said, the best effort is a beginning, not the formation of these bad habits, bad habits in all the worst habits is not respect for the rules.
Article independent spirit. Do you have an independent spirit of the Mody? The best there is. Benjamin. Greian Professor (Buffett Shuodao) and Mr. Market clearly shows the independent spirit is commendable. The following points are worth considering: the
(1) dare to make the tablets. Dare not dare to take responsibility can not be called independent.
(2) dare to action. You have an idea, you can the first time to achieve it? Today, the most important.
(3) The courage to give up. To give up is the United States and Germany.
(4) face the reality. No matter what face, look straight, and then is the concrete analysis of specific problems.
(5) self-criticism. Self-examination is very easy, you and I have written, self-criticism must not be an excuse.
(6) and daring to win. The proceeds to expand, the wind Chi Fan, win to win in the end.
(7) dare to fail. Lost on the defeat, and failure is part of that.
(8) refused to comfortable. Human tendencies and comfortable, do not need to do to be successful, "comfortable" things.
(9) refusal to hope, refuse to be. Stock market "is what" "may be what" not "want what" "must be something." Hope will take away an opportunity, we must win can only lose.
(10) daring and conservative worst. Gil Blake is a mutual fund manager, it is best not to think is intended to benefit in the long term. In fact, he was accidentally enter the trade career. On one occasion he tried to explain to his friends share price is arbitrary, when he realized his mistake when he became a trader.
More than 10 can actually be divided into two categories, dare dare, dare to action, face the reality, dare to win and refused to comfortable is active side, dare to give up, dare to fail, refuse to hope and to be self-criticism, dare to break the other.
Article XI of life. Dealing is not a life of all, life is wonderful. Master of the rules on market for more than 10 have been enough, Murphy would "deal a long easy to look at the amount of life, not just transactions" as the final chapter of the last one there is a profound meaning, and as the old "easy" last hexagram is " is not economic. " Life, it can tell you why to "really want to deal" or "does not want to deal."
