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Data:2009-12-12 2:34
Investment, speculation is not the meaning of gambling. "Cast" means to seize, grasp, proper use, search for; "machine" refers to the opportunity, the timing and the nature of things the law. Poker is almost an expert on gambling for a living, he told me the secret of the success of survival: First, if you want to win, you have to understand the basic rules of playing cards; the second, when the bad luck, only losing to the brought about by gambling gold third, immediately did not play. I think he's operating principles equally suitable for futures markets. The second section is the scope of this discussion: definition of tables on the floor or the most losing money in the futures market trading stop-loss.
The world's greatest trader has a useful and simple trading rules --- "crocodile principles." All successful traders enter the market before the training must be repeated on the understanding of this principle.
The law stems from crocodile swallowed by: prey, the more tried to struggle, the more alligator harvest. Assume that a crocodile biting your feet, it is biting your feet and wait for you to struggle. If you arm trying to break away from your feet, then it's mouth it will also bite you in the foot and arm. The more you struggle, then the deeper the depression.
In the event that alligator biting your feet, be sure to keep in mind: Your only chance of survival is to sacrifice a leg. If the market language, this principle is: when you know your mistakes, he immediately closed appearance! Not to make any excuses, justification, or something to look forward, and quickly leave!
In fact, whether the stock market, foreign exchange, futures, their trading skills are similar. "Stop" the importance of only a few people able to "enlightenment", so also few people can make money in the futures market. "Stop Loss" It's like a sharp knife, it makes you bloody, but it also enables you to not to hurt the strength to live; it can not extend your loss, so that you from being passive to active, constantly looking for new hot spot . In the futures market to survive, and sometimes need to be patient sometimes necessary confidence, patience, confidence does not mean that luck and do not know how to stop investors, we lose the chance on. Luck is a stop-loss of natural enemies, stop-loss is speculative art of a master.
We have a deep understanding of this principle, otherwise it will bring about a painful lesson. I have a client told me about his first bitter lesson. Just enter the futures market in the early days he used in the stock of trading in rubber market and obtain a better income with. Taking advantage of the market adjustment period, he also in the rubber on the establishment of a small sell positions. Soon prices began to rise, to stop bit. However, he was not only failed to accept the 10 million loss, but at a higher price to continue to build a bigger selling positions. However, prices continued to rise. How to do? He relies on the raw material pricing changes, has also established a small position. A result, came the news of natural rubber will be reduced! His every step of remedial measures to be taken, the situation will deteriorate further. Market, the crocodile finally feast, his loss of 100,000 yuan to expand to 80 million, it is only because he failed to comply with a basic principle.
Above talked so much about the content of stop-loss, all is based on speculation on the basis of the operation, only for the speculative operation stage. Really do not need to stop investment in the operational phase. The reason why so many stop to talk about the problem, not to encourage people to actively speculation, but against the reality of the futures market is concerned, do not believe, you can not investigate any of the investors, fund managers, they really invest in the futures market, ? The ratio of investment in more than 10% do? The answer is obvious!
Investment also has stop-loss, but more often called just profit. Is different from the speculative investment, stop stop, stop speculation in relation to price changes only to the investment fundamentals of the stop relative to the changes. Investors claimed that investment never really need to stop is wrong. Since, including such big investors Warren Buffett also stop, where to stop? Of the investment firm lost growth, the fundamentals deteriorate, stop!
On Trend
There are several trends? In theory there are three (above, below, plate). In fact, there are two, one is looking to understand, and one is incomprehensible! Operation is also two kinds; one approach, one exit to sleep! Heard someone say: At present, potential Zoudie plate (or instability) should be selected 'defensive' (which is which country it) a strong involvement of people avoided stocks. . I want to say: You have to 'keep' in operation?
Car seat belts, because we know where the car would be affected by disasters? But we can not Yinyefeishi, do not drive. Therefore, we wear seat belts; want to reduce the accidental loss. The risk of the transaction is not told us to reject it. With stop-loss point, you can let us deal more liking!
Some say: the essence of all transactions and the arts, is the stop-loss of effort! Words that were both right. With the longer experience of the transaction; natural setting stop-loss will be more perfect. Of course, the premise is that each of the transactions you have to learn and develop to add a stop-loss habits! You can not not stop until the moment of loss is not, then you will feel at ease in the transaction can be running the way!
Stop-loss, for many, many sad and painful memories of the series. . But I believe that when you are in the market 'live' more than a year, the biggest pain is absolutely no hang stops to bring you!
Most people's view, the futures, margin is a "high-risk, high reward" in the market, most of the participants, even though there have this common sense, but often only to indulge in a considerable profit, in regard to "potential huge risk" are simply ignored. We all know that geckos in the face of life-threatening, it will tail off in order to get out from many of the organisms in nature have this admirable instinct to survive. In the futures market, not afraid of death of the martyrs Widespread visible, but with gecko spirit, willing to admit the person stops, the market has become a rare species.
A good skill set very high stop-loss point, and should be implemented with certainty is different from ordinary people must have the courage and determination, but it is a market one of the elements essential to frequently Shengjun. This article will briefly introduce several kinds of ways to set stop-loss point.
1, financial stop-loss method
Stop funding method without any skills, in full accordance with the acceptance of each of the losses determined. For example, a person for a deal, he is willing to accept the maximum loss of 500 U.S. dollars, if the unfortunate loss of this position when up to 500 U.S. dollars, they must be unconditionally indemnities appearance.
The advantage of this configuration is simple, and difficult to be set in accordance with technical triggered stop-loss caused by the impact; On the contrary, according to I look at the experiences, due to the lack of such a stop-loss set the technical meaning of the Law, often fail a greater chance, but its really good or bad varies, Ke Yi everyone likes decide whether to adopt.
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2, technical indicators stop-loss method
1.SAR Pointer
SAR was invented by the pointer is a Will, its moving average line with similar principles, long-short direction shown in the graph, and the stop-loss point (or stop Lee points) in full accordance with the pointer set, do not have to judge for themselves whether I would be its classified as "lazy operation Act." Disadvantages for the stop-loss points are usually too large, the trend encountered an unknown set of performance each time they are very negative.
2. Moving Average
The use of moving average line as the stop-loss point (or stop Lee points), because some parameters of moving average line could be regarded as supporting or pressure, as to the parameters set according to individual trading strategies and be different in various markets.
3. Kinetic energy Pointer
If a person with MACD, or KD as an approach based on the pointer, for example, cross-pointers up to buy, then when the pointer when the cross down, that is, the reasons for the disappearance of the original approach, it should be played open interest positions (in the absence of other stop Loss-point setting method, under the former title).
3, the price pattern of stop-loss method
This approach is in accordance with Dow theory, the various price patterns formed by the line of support or pressure as the basis, such as head and shoulders top, rectangle, triangle, flag ... and so on (patterns learned in the subject matter hereof, it is unknown plus instructions). I must stress that setting stop-loss points should be located in the pressure on (shorting) who support under (do more persons), that is, to allow more points, so as to avoid the extreme points touched intraday.
1. Reversal pattern
Including the head and shoulders top reversal pattern (bottom), M-prefix (W end), triangular, rectangular, extension by shape ... and so on, mainly using a breakthrough price, these patterns to complete, the formation of support or pressure as a stop-loss point.
2. Continuous pattern
Continuous pattern of price movements in the order, there is a brief rest and then start the taste is a good approach opportunities, such as triangles, flag-shaped, rectangular and so on. Which, if the price trend showing sideways movement (Xiangxingzhengli), and the consolidation range is large enough, such as the foreign exchange market more than 100 points of the interval, may be taken to range back and forth action, stop-loss point can be placed on file with the consolidation range on the downside.
3. The trend line
The trend line is from the price movements of the two can be formed, such as the bull trend is boosted by a gradual increase in the low even as the trend line, touch the greater the number of the more significant (trend line of non-subject matter hereof, so only a brief description of ), it can be regarded as the trend of rising support, it can do more to sell stop-loss points are located at the bottom of an upward trend-line, short movements and vice versa.
4. Gap
Gap can be divided into a general gap, breaking the gap, runaway gap and the gap to do so, it can be seen as support or pressure (generally excluding the gap), it can be set to stop-loss point.
5. The general principles
Homeopathy the highest principle of operation is generally (except for consolidation outside the box), assume that a person finds that price movements at this time for the bull trend, it could be installed at the previous stop-loss point is relatively low, short hand.
Many people support and pressure are often interpreted as a single price point, in fact, support and pressure should be a price range rather than a single specific point, as stop-loss point of the set in the range where, depending on their degree of price volatility trading strategy set. In addition, the technology side to set the stop-loss point is important to note the importance of support or pressure for many people often stop-loss set at, so in setting stop loss, we should avoid these areas (such as multi-points so that more ), so as to avoid being triggered stop-loss of the spill.
The stock market, futures, foreign exchange transactions in the first emphasis on sound trading strategies, including funds management (risk management) visualization at its core, while the stop-loss can also for the soul of capital management, we can see that stop-loss important. Only the implementation of trading strategies, adherence to stop-loss order and preserve the Castle Peak in, become a futures market Ever Victorious Army.
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