some of my experiences# Stock
a*e
1 楼
most of these thoughts are not original. There are millions of bright minds tried and
trying to find a gold mine in the market, so I started to learn from what
they learned first instead of finding gold mine on my own. A golden copycat
is far beyond most ppl's target.
I can't agree more on those quotes mostly.
follow the trend. I focused previously on counter-trend with very high
winning rate (close to 90%). But the drawback for that is:
usually counter-trend means more confidence, it's very easy to get into the
illusion of perfectionism. If you've ever dream of it, I can assure you that
you will learn very soon, there is not such thing in the market.
"follow" the trend, otherwise, you are guessing, or more formally,
speculating. At least wait for the most slight confirmation. In my opinion,
people who "speculate the trend" are either heroes or insiders. Heroes die
fast.
A high hand in other forum said, there is initially price actions, followed
by reactions, from which price patterns are created. It's far more than
enough to make money from this theory.
It's secondary to trade based on what you think. Trade based on what you see
. If market interpret news differently with your thoughts, give up your
imaginations. It's important to take close eyes on news. But in my opinion,
you are lucky enough if the market is in the direction aligned with your
interpretation of "major" new in median to large time frames. There could be
many fluctuations in between which will confuse you.
Cut loss the moment you feel uncomfortable, don't wait till panic. Market is
very good at boiling you like a frog with warm water. Because there are
frogs just like you averaging down/up, waiting for miracles, in other words, being boiled.
trying to find a gold mine in the market, so I started to learn from what
they learned first instead of finding gold mine on my own. A golden copycat
is far beyond most ppl's target.
I can't agree more on those quotes mostly.
follow the trend. I focused previously on counter-trend with very high
winning rate (close to 90%). But the drawback for that is:
usually counter-trend means more confidence, it's very easy to get into the
illusion of perfectionism. If you've ever dream of it, I can assure you that
you will learn very soon, there is not such thing in the market.
"follow" the trend, otherwise, you are guessing, or more formally,
speculating. At least wait for the most slight confirmation. In my opinion,
people who "speculate the trend" are either heroes or insiders. Heroes die
fast.
A high hand in other forum said, there is initially price actions, followed
by reactions, from which price patterns are created. It's far more than
enough to make money from this theory.
It's secondary to trade based on what you think. Trade based on what you see
. If market interpret news differently with your thoughts, give up your
imaginations. It's important to take close eyes on news. But in my opinion,
you are lucky enough if the market is in the direction aligned with your
interpretation of "major" new in median to large time frames. There could be
many fluctuations in between which will confuse you.
Cut loss the moment you feel uncomfortable, don't wait till panic. Market is
very good at boiling you like a frog with warm water. Because there are
frogs just like you averaging down/up, waiting for miracles, in other words, being boiled.
