Category: Money Tips Date: 2006-12-27
Would like to make big money in the stock market, the ability to hold the stock to make an effort to learn, regardless of whether you have the level of research index, whether the level of stock options, and truly enable you to make money real skill is how to float.
1: patience: "Successful farmers will never sow, after they are dug up and put every few minutes to see how long sample, they will make grain germination, so that they grow."
2: Friends and Influence People "fear": stop easy, just profits are difficult in the difficult, difficult in profits after the kind of afraid of losing the complex state of mind.
3: The solution: establish rules, enforcement of rules. A good way to hold the company to forget about the lowest of any other disturbances.
Patiently waiting for the right time and patience to wait for the importance of! ! !
Patient benefits. Waiting for the right opportunity to increase the likelihood of success. You do not have often in the market. �Like Edwin Lefevre in his classic "- a stockbroker memories of" the said, "at any place, any time something wrong is the pure fool, while the Wall Street fool, he must transactions at all times. "famed investor Jim Rogers right to do transactions �patience to do a more vivid description:" I only targeted and so on, until the money lying in a corner and all I have to do is to walk past it to pick up . "In other words, unless he was sure, the transaction looks so simple like pick up the money, as otherwise, do nothing.
Wait importance. Patiently waiting for the right transaction, not only in the very important, but also in maintaining the operation of the transaction are also very important. Can not be in a timely manner to benefit from the right deal is a key factor in profit subject to constraints. I would again like to quote Laver heat in (a stockbroker's back to 100 million "in the words:" has never been my thinking for me lot of money, but my take power. Understand? I sat motionless. " �Eckhart in this regard Bill's comments in particular, makes an unforgettable: "A common ... ... but it is completely misleading to the motto into the profit will not make you bankrupt. It just shows how many traders Bankruptcy The. amateur traders met with bankruptcy because of large losses, professional traders to bankruptcy because only receive a small profit. "
Weakness of human nature - human nature is not hard to expand the revenue, but efforts to expand access to income opportunities! !
To maximize the proceeds, rather than to maximize the number of wins. Eckhart explains that human nature is not hard to expand the revenue, but efforts to expand access to income opportunities. This shows that we can not focus on maximizing gains (and losses) - This shortcoming has led to not optimize the performance results. Eckhart frankly concluded: "The success rate of the transaction, when in statistical performance is the most important and may even be inversely proportional and performance." Jeff �Yasi, a very successful trader, discusses the same proposition: "There is a basic concept of right to play cards and equity transactions are applicable, our main purpose is not to win the number of times opponents, but to maximize profits."
"Here let me say one thing: Wall Street has experienced so many things, in making millions of dollars, but also loss of several millions of dollars, I want to tell you this: I never thought for me earn a lot of money , always insist on not moving for me, I make big money, understand it? that I insist on not moving! judicious on the market is not surprising. you are in a bull market will always find a lot of one and more people are beginning to do, in the bear market will find a lot of beginning a short person. I know a lot at the appropriate time, judicious people, they began buying and selling, the price it is in should appear on the price to maximize profits. Their experience All the same with me - that is, they do not make real money from. can they insist on not moving at the same time judicious, it is very rare, I found that this is the hardest thing to learn. But the stock is only practical for hand - understand this in mind, he was able to make a big profit. "extracted from" The Memoirs of the stock in hand to do "
The hardest martial arts - self-control
Successful traders are always Zhang with two eyes, one looking at the market, one always looked at himself. At any time, the biggest enemy is yourself. Corrected himself, never more than observe the key market.
Efforts to control their own! Psychological control, behavioral control, can not be overemphasized the importance of how, as long as hurdle is half the battle, this point can not, no matter how good the rest do no use.
First of all to have the ability to successfully control their own behavior. Without this, no one can help you. Can not take that final half-step.
Knowledge and practice issues. I said it strongly: In fact, little understood reasons. Ignorance, unnecessary line; a smattering of knowledge is difficult to line; true knowledge (integrated with the market as far as possible in order to read the market's own perspective), easy.
