Category: Money tips Release Date: 2006-10-28
Sheng-appears to be a very common and typical of Hong Kong people, diligent and conscientious, in Hong Kong for a securities broker. He's like most of the Cantonese like a very pragmatic way, not like to use exaggerated language, talk in their own investment experience is also very plain, as if separated by a considerable distance.
Hong Kong is not quite the same with domestic securities firms, not only trading agents can also be agents around the world futures, foreign exchange transactions. Therefore, Sheng-market a wide range of concerns, from college in 1992, began buying stocks, and now more than ten years of history, but he felt that the stock not suitable for frequent trading, it adopted a long-term strategy for the election of several stocks had little long-term持有.
Chen's investment mainly concentrated in the foreign exchange transactions, entered the foreign exchange market from 1994 to 2004 decade, he has been in the red. Decade sword, he finally paid off in 2005, he began to make money, and the loss of the year to have earned back a decade, and this year he earned a 25-fold.
This is an alarming figure, his performance is still faint, "if able to control themselves and discipline to find the appropriate methods and in-depth research, investment does earn a lot of money, on the contrary, if only blindly follow the trend, it may be down the drain. "He repeated the same sentence.
Sheng-experience for those just entering the market to suffer setbacks, the people, no doubt a considerable incentive. Taken together, he was for so many years of investment experience mainly in the following points:
First, it is necessary to find a deal for their well-established method for. Investments must listen to their own, regardless of the method used must have its own way, even if the master did follow other people to make money, you may lose money. In the foreign exchange market, Sheng-method is used in technical analysis, "If you use technical analysis does not depend on what news and what news not to listen to, the chart will naturally speak." This is not to say that technical analysis methods must be better than the basic analysis method is superior, such as Rogers is very successfully used in basic analytical methods and completely exclude technical analysis, the key is that each person must find their own way.
The second is to control risk. Only by reducing losses, in order to keep their profits, otherwise your account may be like a roller coaster ups and downs, as has been popular ever saying: seeing skyscrapers were watching the building collapsed, the so-called paper money is nothing but rich blast from the past.
Sheng-experience is to be good to wait to see more of less fixed. You can look at every day, staring at the chart to find a best buy, even if frequent access, the probability of mistakes large and is likely to miss the opportunity. In fact, the stock market is also the case in the past have investment expert, said once or twice a year to do, even in a bear market, every year there are always 12 market, the total number of profitable and well, but if kept coming and going, it is inevitable will chase sell into, resulting in a loss.
Courage to admit to reducing losses, an important aspect. "Stock hand-memoir," There is a saying: If you can make the same mistakes smart Debu, that the original mistake of thousands of brothers are waiting for you. Only dare to admit in order to effectively control risk. Sheng-operation in the foreign exchange method is to buy time to stop at the same time, under a single, if done right, and will stop price while improving, if wrong, resolutely stop, not easily change the stop price.
Although the foreign exchange trading and stock market are very different, each person may not like the good way, but the basic principles of investment is constant, that is, must have its own independent ability to judge, stock picking system, there must be strict discipline to overcome the psychological fluctuations.
Indifferent attitude Sheng-he can turn defeat into victory is the key to talking about the first decade of the loss he was not depressed, talking about 25 times the profits are not excited, as if someone else tells the story, it seems logical that everything well deserved. Sheng-on said he was far less this year's investment performance last year, because sometimes still unable to control their emotions, is not the best time in the location shot. The investment market in the final analysis is the heart of the game, Buffett saying: greedy when others fear, fear of others, when greed, is speaking this truth, but it is easier said than done.
After all, in the market to overcome is not others but themselves.
