Category: Money Tips Date: 2006-10-21
In the stock market, I went through in 1999, "5.19" The soaring market, in June 2001 before Manniu market, 2245 points to 998 points, last year's major adjustment in the bear market, as well as the nature of the current freshman with a reverse wave Quotes, deeply felt the ups and downs of wealth. Second half of 2000, I also fought in the domestic commodity futures market during the period 2003-2004 has witnessed a short squeeze in Dalian soybean futures market, the second quarter of this year, copper futures unprecedented rolling air market, have seen many large funds and small funds the tragic story of the short term up in smoke.
I was also in November 2003 before the Dalian soybean junior huge wave Quotes price fluctuations, there is joy over the success of huge profits, but also feel besieged on all sides had nearly bankrupt.
In November 2003 the first phase of pre-meal short squeeze Quotes in all my funds are almost fully engulfed by the market. Finally, only when the margin of nearly 2200 yuan decisively to stop the transaction.
After 3 months of facing the wall thinking before, real conclusion, and a profound reflection on the theory of all transactions. I summed up a set of trading rules suited to their personality, and later on can only do a contract relying on funds from a single start and has been maintained at a stable value of compound interest is being accumulated.
Summing up the years of experience in securities and futures, I benefited greatly from the following points:
First, identify the general trend is the key to investment success, followed by looking for an entry point, the flow, and resolutely put an end to trading times of adversity. If the violation of this principle, money is incidental, lose money is inevitable.
2, the futures market is a personal investment in the strongest market, in order in this market stable gains, we must develop a suitable operation of its own rules and strictly enforced. Approach, overweight, lighten up, appearance and other aspects associated with the transaction must have a strict definition. Clearly know when to how to do. In the futures market to avoid mistakes than to make money to important.
Third, clarify the operation of their own level is very important, which essentially determines whether you are profitable. Operating at different levels have different levels of the rules into the appearance. In my own view, are based on technical analysis and market psychology analysis were, in many cases abandoned the basic analysis of interference. Of course, technical analysis of different methods has its own range of uses out of the scope of its use, the technology of the transaction there is no law guiding significance. I myself was with the trend theory, wave theory, moving averages theory, gap theory and the theory of classical rules of the use of a set of very suitable for the formation of the operating system of their own personality. So far, I personally believe that this market does not require any skill, as long as strict accordance with its own rules to carry out enough.
4, for the stock industry, I do feel is the most important fundamental analysis, technical analysis seems to be rather minor down. Value and growth are my two basic principles of stock picking, a good fit in determining the value and growth of the indicators of investment products, the technically find a low-cost entry points, and then has held, until the value of variety and the valuation of growth to achieve the desired goals, and then gradually realized the completion of an operation cycle. For example, a year ago, I abandoned the market to buy Hunan Electric shares (600,416 market, information, advice, more) to the present has also been held.
I think that, whether the stock market or futures market, and even up to the historical process of human society, the main trend is that any man-made forces can not be changed, any super-markets there must be the main institutions in guiding development of the market, he would be manipulation of sub-trend technical periodically in order to covert way to 'mislead' the main trend of the participants, but also including publishing false information in order to let other people make wrong judgments and decisions.
As a professional investor, a thorough understanding of this point, he would take less successfully to a number of detours on the road.
