Often hear everybody say, my skill is not good, lose money again, teacher, can you recommend a useful index? Or talk to me about a metric and how you can modify it to make yourself invincible. Whenever I hear such questions, I feel helpless. In the past, I've said more than once that making money has nothing to do with technology.
Have you ever wondered if the people who invented the metrics would all be billionaires if their technical analysis skills were directly proportional to their earnings? Even if not all indicators work well, should the inventors of the magic metrics that the market is talking about be very rich? Because we all think they're good at it, they're the inventors, they're better at it, but I think the answer is no. By now, I know trading geniuses who try to sum up their experience into technical metrics, but the inventors of rare metrics become billionaires with their metrics. If so, I believe he is first and foremost a top trader.
This as a good coach is not a good player of logic, the deal itself is independent of the work, he needs the quality is not based on the technical condition of the single, but a more comprehensive psychological factors, many top gambler, they are not highly educated scientists, leamer, is the most typical case, a person's intelligence and education not proportional, many successful people, not through the system of learning, of course, we don't deny the importance of system study, but first of all, if you have enough intelligence quotient, such ability.
Back on technical analysis, I often say, analysis and trading are two levels of matter, my analysis is one of the upper level should be, but I don't think he is a good trader, because I don't have trading quality - courage, a lot of people can make money, that is not based on technical analysis, but based on their boldness, at a crucial moment can be an determination, this is one of the best traders. If you are a decisive person in daily life, learning trading skills, the success rate must be higher than technical analysis very good, but lack of courage.
Therefore, in large institutions, analysts and traders are two departments of people, who play their respective expertise to achieve a win-win goal. Of course, in reality, there will be people who combine analysis and trading, but such people are rare, not everyone can do it.
As far as I am concerned, I prefer to spend time on the technical analysis, because that is my hobby and expertise, and do a person want to make money, you should think about, whether I should be a focus of traders, because most people cannot be the combination of the epoxy resin, it is the best in a make a trader can you make money in this market is the key.
So we can see that the level of technical analysis is not necessarily related to making money, so what is the core technology of making money?
I think should be the point of view, a lot of people said that, I also know the up here, I also saw the risk, but I can not control myself, want to win so afraid to lose, is based on our state of mind, because we are born with human greed and fear, cannot be wiped out, unless you can attain buddhahood, also need not deliberately blame yourself otherwise.
In my community, usually I like to say a word, is to tell you that my analysis level are not much higher than anyone, but my mood is very good, because I can stay out of my character, relatively rational and objective to analyze things, like the poem said: not looks like, the good luck body is in the mountain. Most of the time, your attitude is based on your position. It has also been said that the position determines the position, when you hold the chips, you will automatically look long, even after professional training, not anyone can do not be affected. So don't deliberately force yourself to do the impossible task, as to do their own more expertise.
One of the things that I do in the community is to constantly alert people to the risks, to warn them, to control their mindset, which I think is the best help I can do, far more meaningful than a correct analysis.
So I think we can also try this way, don't try to look for any advanced technology, what only makers know secrets of indicators, who is but you are not confident performance, a top traders, must first have good state of mind, can be in a bad hand, lose don't even less, while a good hand to a big win. Such a trade, in the long run is completely able to beat the market. We all know that warren buffett is a master investor, and if you look back over the last 30 years, he became a master not because he made more money in the long market, but because he lost less in the short market.
The accumulation of wealth must be seen in the short board of the barrel. The hardest spear may not keep the warrior alive, but a good shield may bring a longer life.
If you can look at every trade, as a turn-around, round and round, believe that you can become the winner of this market. Remember that a good trader is not necessarily a good analyst, nor is he the one who makes the most money at one time, but a person with a strong ability to make money consistently, a person who trades with a normal heart.