Friends, I really want to say it, please bear with me.

I wouldn't recommend speculation to any of my friends, except for speculative geniuses.

This speculation is really very difficult to do, don't think too easily.

Novels are entertainment YY, cool.

I don't want everyone to get involved in speculation and cause everyone to lose money, because more than 95% of people who do foreign exchange speculation lose money.

Jesse Livermore has long said that 'more than 90% of traders' wealth goes to less than 10%'!

The supporting characters I created in this book are all my former selves, as well as my friends who lost money in trading!

The real situation in reality is much more cruel than in the novel, and there is no rationality at all.

When we lost money at that time, what kind of mentality, what emotions, why we were irrational, why we lost our minds, I know best.

Now it's time to give your former self a smack.

The most difficult thing to control in speculation is human nature, without a few years of polishing, it is very difficult to make money for a long time, even if you make money for a long time, it is likely to be hot-headed and lose a lot.

After all, people will always make mistakes, and once they make a mistake, it is difficult to control, and if they make a mistake in the end, transactions are usually related to human nature, whether they can control their desires, overcome those greed, fear, and deal with inner fluctuations and contradictions.

Many very talented talents have also fallen, you can check the futures boss Liu Qiang, a fund manager, who has been in the futures market for decades, and then liquidated his position in stock index futures and jumped off the building.

Fu Xiaojun, the CEO of an investment company, has been in the futures market for more than 20 years, directly lost 140 million, and then jumped off the building.

After the Brexit referendum, a super-rich man made a serious mistake in his judgment of the world's macroeconomy, and spent billions of dollars to go long on gold, only to blow up his position......

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It may take several hours to climb from the first floor to the roof of the building, but it is a matter of more than ten seconds to fall from the roof of the building to the ground!

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There are many more examples, I won't give examples, these are financial tycoons, on the news, if you are interested, you can search for devil traders.

Of course, there are countless retail investors who have lost their money and no one knows about their bankruptcy.

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Let's talk about a classmate of mine, who is a very veteran, but a few months ago, in the round of the collapse of the USD/JPY, he blew up his position many times, went bankrupt, and owed hundreds of thousands of dollars to the bank.

......

A gifted junior brother who has recently lost a lot of money in the gold market.

Dead spot gold.

My junior brother has a very high talent for speculation, 1,000 dollars, and he has made hundreds of thousands of dollars.

The account has really multiplied hundreds of times.

Relying on heavy positions, disk sense, and luck, the three are superimposed.

However, because of the heavy position of spot gold, the loss was very miserable.

Account losses of up to 90%!

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If the speculation is not successful, it will become a demon, which is an endless spiritual purgatory.

Trading is an eternal war, and only death can end everything.

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There are nine levels of trading, and the author was the seventh level before he went bankrupt, and after he came out of bankruptcy, he was close to the eighth level.

The author Jun went bankrupt in November 17, and he also owed hundreds of thousands, and he suffered for more than a year, and he was so embarrassed that he couldn't describe it, he only slept 6 hours a day, and he really lived like a dog, maybe not as good as a dog.

Fortunately, in February 2019, the author's debts were also paid off, and all credit cards were cancelled and destroyed.

The author Jun is now more than 27 years old, just a salted fish, and he has no money.

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A special note.

Light positions, homeopathy, and stop loss are the supreme secrets of making money in the speculative market.

It is also an iron law to be integrated into the blood!

But most people can't do 'light position, follow the trend, stop loss' and won't follow.

......

Investors who have had big losses, liquidations, and bankruptcies should understand.

Big losses, liquidation, and bankruptcy are the fastest and most effective ways for investors to improve their level and realm.

Nothing can teach a person how to rise up more than losing everything in this world.

To be enlightened, it must be painful.

If I hadn't gone bankrupt, my level would have stayed at the seventh layer, and after nearly 400 days and nights of reflection, I finally gained something, and the trading realm had improved a lot, approaching the eighth layer.

There are no shortcuts to speculation, of course, you are a talented trader, then I don't say anything as an ordinary person.

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Generally speaking, in addition to speculative geniuses, ordinary people have to go through many stages, and the author has experienced them all.

Level 1: Newbie!

In reality, novices have just entered the market, just have a general understanding of everything in the market, the provisions of each contract are not very clear to novices, what to buy and what to sell novices have no idea, novices mainly look at the comments of various futures brokerage companies, or listen to the suggestions of friends, novices always feel that they have a point, novices trading is mainly intraday short-term, make some money you are in a hurry to close the position, for fear that the profits in hand will fly, and the novices will hold on to the loss, thinking that there is always a time to untie.

Second floor: Rookie!

In reality, rookies began to know what the main contract was, and they were anxious to see the position structure after hours. Rookies also know some technical indicators, such as MACD, KDJ, RSI, etc., and always feel that they are sometimes accurate, and sometimes they are not accurate. Rookies are also concerned about the fundamentals, what is the weather like there today? Is there more or less inventory? Rookies are always the first to check on the Internet. Rookies trade more frequently, sometimes making and sometimes losing, but in general, the account is loss-making.

The third layer: loss!

Real-life losers have been trading in the market for some time, but in general the account is losing money. The losers feel that it is really difficult to make money in this market, and the losers are anxious to turn over, but the losers don't know what to do. The losers read some books about trading, but the losers felt that what they said was the same thing, and the actual operation in this market was quite different. The losers felt that the indicators were still not accurate enough, so the losers tried to adjust the parameters, but they were still sometimes accurate and sometimes inaccurate. Losers go to the forum, hoping to get guidance from the masters. But they are sometimes accurate and sometimes not.

Tier 4: Getting Started!

In reality, the losers have had the experience of big losses or liquidation, so the losers began to get started.

Beginners know that to survive in this market, they can't listen to those reviews. So he began to study systematically, and he read all the relevant books he could find, hoping to find a magic weapon to defeat the market. He also studied wave theory, Gann's law of market measurement, chaos theory, and the like. He also knew that he had to follow the trend and stop losses when he lost money. But he couldn't figure out how this "momentum" was determined, and where to set the stop loss. He felt that it was really too difficult to know exactly when the market was reversing, and the beginner didn't believe that anyone could make money in this market, because he felt that he was helpless in the face of the market, how could they make money?

Level 5: Epiphany.

In reality, the beginner has been tossing in the market for a long time, so he began to understand that in order to make money in this market, he must have a trading system, and since then he has stepped into the level of epiphany, but he still doesn't understand what exactly this trading system includes. He tries to combine several indicators into his system, opening and closing positions based on the signals they provide. But they often clashed with each other, and he couldn't figure out which one to believe at this point. He tried to trade for the long term, but sometimes he couldn't figure out whether it was a pullback or a reversal. He also tried to do intraday short-term trading, such as earning 3,000 or 5,000 yuan a day, which should be a lot in a year. But the point is that you often make 3,000 today, and lose 5,000 tomorrow. His bills were still losing, and he felt that it was too difficult to make a trade, and if he really couldn't, he considered whether it was time to give up.

Now it's a watershed.

Sixth Floor: Master

Real-world masters are beginning to understand that in this market you can't predict price movements, you can't, and neither can anyone else. He started to have his own trading system, and he knew that as long as he was disciplined, he would be able to make money in the long run. He began to think in terms of probability, and every time he entered the market, he knew what the ratio of risk and reward was. If he is wrong, he will stop the loss, and you will start to be able to hold the profitable order. His bills are both profitable and losing, and the profits and losses are basically the same. Sometimes he can trade on his own system, sometimes you can't. But he began to believe that there was someone in this market who could make money. He began to be able to shout good orders, and he began to be the focus of public attention on forums.

Layer 7: Harvest Leeks!

The master in reality has been honed and has entered the level of harvesting leeks, he can make stable profits and has his own set of trading systems. He has solved all kinds of problems with trading ideas and has begun to have his own trading philosophy. He doesn't care much about technical things, he knows that with the right idea, he can make a steady profit even with a simple moving average. He knows which points are the key points, and he can enter the market calmly, although he can't see exactly what the future trend is. For example, one day he may make 5,000 and then lose 3,000, but he can execute the stop loss correctly, and he knows that the lost money will come back sooner or later. His mentality is basically calm, but occasionally there will be some ups and downs in the face of violent fluctuations in the market, especially when there is an order.

Layer 8: Hunt the main force!

At this time, making money is commonplace for traders, just like a veteran driver who drives a car, just stop at a red light and go green. Trading was completely unconscious to him. He no longer needs to precisely define the position of the stop loss against the graph, hold a pen or a calculator and calculate the ratio of risk and reward. He doesn't care at all if the stock of copper is high or low, because the fundamentals are useless to him.

Level 9: Grandmaster!

This guru stage trader knows the world economy well, he can predict the next round of economic trends in advance, he only trades a few times a year, or he can take a single thing for a few years, he rarely watches the market, most of the time is playing golf or fishing on a small island in the Pacific Ocean, he never talks about trading with others, because he knows that no one can understand.

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After reading the introduction, I should know how many layers I am at level.

People with excellent talent become masters in a few months, but many people have been doing it for decades and have not stepped into the sixth layer, just like the author Jun once met an old man who did stocks on the train, he lost money for more than 20 years, he used to be an entrepreneur, opened a factory, and was worth tens of millions in 9 years, but all lost in the stock market.

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My cousin-in-law, a white-collar worker, felt that the stock market was easy to make money, and at first tasted the sweetness, and then lost 800,000 yuan in the stock market, and quit with hatred.

Some people with low speculative talent toss for a few years and find that they have not been able to get started, wasting time, money, youth, and ruining themselves.

level, the realm is less than the sixth layer, and it is all leeks.

No more than 10 of the 100 novices can enter the sixth layer, and the vast majority of them will be eliminated during the period.

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Human greed, fear, selfishness, and doubt are the basis for the continuation of the market for a hundred years, heavy position + no stop loss = play out, heavy position + stop loss = play over, heavy position + contrarian = play over, heavy position + homeopathic = play over, light position + contrarian = play over, heavy position + homeopathic + no stop loss = play out, light position + homeopathic + stop loss = Winners, a loss to a profit, basically to go the above way, but the fact is that most people can't finish this road, even if you have a long profit record, it does not mean that your method is recognized by the market, there is always a trap waiting for you in front, the most important thing is whether your system can support you in the case of the black swan appearing to get through, the most interesting thing about this market is that even if you have never done a transaction, you can use the wrong method to get in the right direction.

The author Jun once finished in the black swan market, and now I still remember it vividly, I have also obtained a good record, and I have made stable profits for a long time, but a black swan market can kill me. I have also had many big losses, and I have been liquidated many times, and I have come over, but a black swan market is completely on my knees.

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The author Jun is now trading, and he no longer looks at fundamentals, economic data, or technical indicators, and he rarely looks at the market.

The small principal is done slowly, the level, the realm is there, and the author is not in a hurry.

Let's put it simply, position management, $1,000 account, open a position at 0.1 to 0.2 lots, and open a $10,000 account with 1 lot to 2 lots.

Not to mention risk control, people who really have risk awareness in their heads will set strict standards for themselves.

A long time ago, I loved to talk to people about trading technology, trading systems, trading concepts, and trading philosophy, but now I am not interested in this aspect, and I don't engage in any foreign exchange technology exchange groups, so as not to be criticized.

The author once had his own unique trading philosophy, trading philosophy, and trading system, which were summarized very incisively, but he found that he could not use it.

This is the essence of my previous trading ideas, condensed over the years. Those who are still tossing around can take a look, take fewer detours, and lose less money.

Ten Lessons for Trading.

First: always only believe in the market itself, do not worship and imitate others.

Second: Don't inflate your self-confidence, be humble, be in awe, be cautious about the market, abide by the rules of the market, the market will keep you like a fish in water.

Third: Don't try to predict the market, especially when the market is choosing the direction, and use your own positions and thirst for money to build a subjective market.

Fourth: online long, offline short, only in line with your own trading system can you place orders.

Fifth: the order capital must not exceed **%, after the completion of the position, the loss shall not be increased, remember the principle of light position.

Sixth: Don't be emotional, trade frequently, and don't retaliate***.

Seventh: Do not lose patience, impatience, blind entry, trading needs timing, only enter the market in key positions.

Eighth: do not stop loss, do not control the risk, when the wrong direction, when bad luck, or extreme market, black swan, can save the life of the only stop loss, stop loss is take profit, take profit is stop loss.

Ninth: Don't make orders when your physical and mental state is not good, which will only amplify your negative emotions.

Tenth: Don't be greedy, how much you earn is determined by the market, how much you lose is determined by yourself, and the profitable list must not be lost out.

Every time you lose money, you copy these ten precepts 10 times.

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Now there is only one sentence left, the supreme secret of making money is, 'light position + trend + stop loss = winner, winner = light position + trend + stop loss', it already contains everything.

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Again, don't think that retail investors are hunted by bookmakers and can't play with big money.

If that's the case, then don't ever speculate.

came, and it was only for money.

The mentality of leeks can never be good for speculation, just leeks, harvested.

Any light, trendy, long-term retail trader can hunt big money.

It takes time for large funds to open positions and leave the market, which is very slow and clumsy in the market, but small retail investors are different, flexible, agile, and easy, coming and going like the wind. Like buffaloes, elephants can trample frogs to death, but there is nothing they can do about flying in the air.

This is a kind of realm problem, a friend of mine is a super retail investor, and it can be regarded as my original enlightenment teacher, I just graduated in 14 years to learn foreign exchange in his small company, at that time he was already very good.

He went bankrupt three times, went back to the countryside three times to farm, and then preached in the stock market.

It's really good to do stocks, but I went to play futures last year, and I lost nine million last year, which may be far more than that, anyway, he and his wife divorced.

If you do a good job in stocks, you may not be able to do a good job in futures, and if you do a good job in futures, you may not be able to do a good job in foreign exchange.

Stocks, futures are played with domestic people, but the international foreign exchange market is different, with global investors to play, and the leverage is very high, the volatility is very violent, prone to a variety of unexpected extreme market, a black swan market can make many financial institutions liquidate or bankrupt, referring to the Swiss franc incident in recent years, Brexit, the United States election, the Italian constitutional referendum, the French election......

Again, I really don't recommend anyone to speculate.

Except for those who are extremely talented, or who are geniuses in trading!

Of course, people who are lazy to eat, lazy and hardworking, like excitement, adventurous, like to get something for nothing, people with bright minds, who feel that life is very boring, who have a mine at home, and who can't find the direction of life, may be able to try whether they are geniuses.

Speculating is indeed a quick way to get rich, nothing is faster than making money, and many hedge fund managers in the world are really poor.

Soros, Rogers used to be poor dicks.

But the money here comes quickly, and it goes quickly, it's just a matter of clicking the mouse, one thinks of heaven, and the other thinks of hell.

There are very few protagonists here for speculation, and most of the supporting characters are going to hell, they are all giving money, sincerely, and they don't lie to anyone.

This is where you look at your investment talent, and hard work really doesn't work.

The author Jun has lost his blood once in 14 years, and he has lost his blood twice in 15 years, and he has suffered a big loss in the first two years, and he has blown up many times, which is very miserable, which is nothing, because there is even more miserable in the back, that is, he went bankrupt in November 17 and experienced a lot of things.

I paid off my debts in February 2019, and I was lucky enough to just come out of bankruptcy, and when I was bankrupt, I was still in debt of hundreds of thousands, and I was desperate, I went to Shenzhen to live a dog-like life, and I really thought that my life was ruined. Because speculation can easily ruin a person's life, and I really don't want anyone to suffer the same fate as me.

Over the years, I have lost many times, liquidated many times, lost all my money a few times, made some money, and made stable profits for a long time.

Then I ran away from home and went to Shenzhen, I got up at eight o'clock every day to go to work, came home at eight o'clock in the evening to write novels, got to bed at 2 o'clock at midnight, got up again at eight o'clock the next morning, slept 6 hours a day, and slept at noon, squeezed hundreds of people's buses every day, and ate 8 yuan of inferior fast food in Shenzhen, all of which were lard, overnight dishes, and always had diarrhea when I was not used to eating, and there were some things, I won't talk about it, I was really miserable.

Except for bankruptcy, everything else in life is trivial.

Bankruptcy is really painful, I don't want others to be like me, maybe when you go bankrupt, you are not as lucky as me, and your life will be really ruined.

The author writes about his bankruptcy experience, hoping that everyone will learn from me.

If anyone loses a lot of money because of reading books, it is a sin for the author.

So nearly 6,000 words were rambling.

Finally, if you are extremely talented and a trading genius, everything I said above is nonsense for you.

Tomorrow at 12 noon on the shelves, 10 more, friends, old iron, bosses, please support.