Category: Money tips Release Date: 2006-10-07
An investor sent me an e-mail to me to seek how to properly manage money. The investor said that his loss in the futures market, a lot of money, the futures market, the "unfortunate from."
I suspect that, as long as several years in the futures market Hunguo whether the people who have not yet experienced a few losses, the pain of the old chap, what can not be understood! I have said many times, most successful investment losses each year the number of times the number of higher profits. The secret sauce of its success lies in making positions to maximize the success, resulting in a loss position is minimized.
I also affirm that most investors are always on different occasions have such experience, "how do I so unlucky!" I have had. Those who claim that he had never missed before in the futures market, or in any one transaction never "owed" investment are either lying, or never had contact with futures markets.
When an investor losses in the futures market again and again, profitability is increasingly slim hopes of the time, how should we do? The following are my years experience in the futures market investors with the best summed up the process of interaction of some lessons of experience for everybody's reference:
- Avoid excessive trading. If you have several varieties at the same time deal, but losing money, why not cut down, centralized trading one or two species? So you can keep up the market, you have to do to better monitor the quality of the single. Also, your money will not be rapid passage of time.
- More good trading diary. If you can do trading diary, you can go right back the source of this push to identify failures and successes of the clues, make adjustments immediately.
- If the transaction types in reducing the premise, you are still more than a loss, it is better to withdraw the body out of a break. Tidy up the clutter of thought. You may be able in the brain to a "virtual" market, in order to verify that you are on the market to determine the positive error, and thus get back your self-confidence. If you are in the virtual market, still can not grasp the direction, you better seek other investment methods.
- If you have a loss in the futures market has been disastrous, do, do not desperate, to his life joking! Do not think so you can save the capital or you can turn defeat into victory. In fact, this reckless behavior can only be counter-productive! Remember, less investment is low risk, and when the sun, you can expand investment of funds, you add code passes. Risk everywhere, despite the complexity of the market, we must preserve what they have, "eat dirt", which is a successful investor voice of experience.
- Patience and restraint. I have repeatedly to promote this. Each transaction, whether you follow the investment plan? If not, please comply. To do every single time, does not develop out of the game strategy? If so, your trading plan is still not perfect. With regard to patience, you more irritable? I and many of the advantages of long-term investors in contact with them several times an annual affair, they are always quietly waiting for an opportunity to appear - they think the "perfect timing." If you are a medium to long term investors, you will not have to do every city. As long as the trend to determine accurate and conform to your hand position to judge, on the long line to catch a big fish bar. Do not let the market run, holding his nose.
- Self-confidence. Right to have confidence in their own investment philosophy. If you have no confidence in their own investment philosophy and ask why? If your investment approach really does not work, put it another. Successful read books written by and see how they succeed. However, investors should pay attention to the so-called secret sauce, a successful coup, winning like a trickster Dafa books.
- Work hard. If you can not painstaking study of the market, do not count in the futures market, Jian to the money. Species traded you know about the fundamentals? Even if you are very skilled technical analysis, you are still at least its fundamentals have a better understanding. For example, in the United States Department of Agriculture prior to release some data, even though the price of corn, technical graphics are very good, but smart investors are generally not important data released by the Government before the act rashly.
If you want to know who I am right heavy losses, what advice old chap, I say: Do not give up easily. Lose in the absence of light, before assets are able to realize that they need help is the first step to turn things around. The road is long, if modest, study hard, continuous improvement, there is recovery of lost territory towards the success of the day!
