Chang Tianhao has always believed that only looking at the fundamentals and not looking at the technical side, that is, Li Dazui who has crossed the times, today's baby bottom, tomorrow's diamond bottom, if the market continues to fall, it is estimated that there are embryonic bottoms, sperm bottoms and other terms behind. Big Mouth is actually good, but too long in advance, too absolutely, is an abuse of fundamentals, and if you don't get it, you will die on the last night before dawn.

In addition to the fundamentals, there is also a kind of technical school, which is nonsense about those lines all day long, what golden fork, death fork, five-day moving average, ten-day moving average, Bollinger middle track, red three soldiers, black three soldiers, high hanging neck, doji...... It seems that as long as you understand the meaning of these terms and the meanings that follow them, you can use the speculative market as a cash machine to make money anytime and anywhere.

If you read more technical books, it will be even more noun-inse: Gann, Dow Theory, Elliott Wave Theory, MACD, kdj indicator, top divergence, bottom divergence, trend line, box......

Novice investors who have just started to enter the industry, especially like to look at a variety of technical indicators, and are happy to operate according to technical indicators, but it turns out that nine times out of ten they will fail, Chang Tianhao has of course tried, but since he and other people can not agree on such a trivial matter as "counting 5 waves", he understands that these technical indicators are different from person to person, and the wise see each other.

Of course, the cases used in the books to explain the technical indicators are carefully selected, and some things are not necessarily intrinsically related, but simply two phenomena collide together: Xiao Jingteng comes and it rains, so he is the god of rain? Then may I ask Xiao Jingteng's hometown is soaked in water? Sinopec dropped planes as soon as the oil price was adjusted, and several planes were dropped recently, but I haven't seen Sinopec adjust the oil price......

If you can make a lot of money by relying on technology alone, then these people who write books, teach, and invent technical indicators should have become tycoons long ago, and they have never talked about relying on technical indicators to become world-renowned investment masters, even if Gann is a technical master who dominates the stock market, he will only leave 4 loss-making trading accounts when he dies, and the remaining assets on the books are less than 100,000 US dollars.

Conversely, none of the few investment tycoons who seem to be able to maintain their wealth to a good end, such as Warren Buffett, Allen or Soros, live on technical indicators.

You will look at technical indicators, but the dealer and the main force will not look at the technical indicators? He will not deliberately create any data and trend lines to coax you into being fooled? After all, in the market where the main force exists, what closing price, volume and graphic trend can be controlled. The indicators you hold up as guidelines may be worthless in the eyes of the market's main players. But now that he wants to explain, Chang Tianhao has to say a little truth casually.

"Friday's breakthrough is absolutely right from the disk, bald head and bare feet long white line, trading volume hit a new high...... Okay, I think I'll step back, Brother Chao, do you think so?"

Brother Chao reluctantly said: "I should step on it back, but I should hit a new high after stepping back, how can I turn around and go down?"

"If everyone knows that it will hit a new high, will you be willing to cut the meat in the short term?"

"Of course not, carry it......"

"If you are reluctant, then continue to fight ......" Chang Tianhao smiled, "Is it playing again today? Today's high is yesterday's low, right? There is no movement to hit a new high at all?"

"That's true. ”

"From 6900 to 7320, it is up 6%, if 7300 is chasing high, from 7300 to 6900, how much?"

"Nearly 5.5% ......"

"Well, herein lies the problem. Chang Tianhao smiled, "How much is the margin of Tianjiao? The part of the exchange is only 5%. If the position is high, it will be killed directly in the process of chasing high, and you will have to cut the meat and reduce the position if you don't blow up...... As for why you want to kill, it's because RU9807 is about to move to the month, kill this batch of followers, and the dealer can smoothly transfer to the new main contract (RU9809) with profits, and then calmly start to pull up, at this time you are going to mutter: to chase or not to chase?

"It seems a little sinister. ”

"I said that day, the bottom is grinded out, is out of the out, not guessed, not calculated, assuming the front 6900 bottom, then at least there is a 6900;of course, it is also possible that I am wrong, 6900 is not the bottom, then the bottom is unfathomable......" Chang Tianhao said, "Domestic futures and stocks for so many years, when have you ever seen a V-shaped bottom and a single needle bottom?" At least it's a double bottom, so I think there will be 6900 again, not necessarily an integer, it could be 6910, it could be 6890, it's hard to say......"

Brother Chao nodded: "I understand what you mean, you want to say that pulling up will definitely be lifted, it's not time yet, you can't do it until 9809?"

"It may be 9809, maybe it is 9811, or even the contract later, it depends on the surrounding cooperation, what if it is 9901?" Chang Tianhao smiled, "Look at the plate, I am not a fortune teller." ”

Brother Chao nodded in agreement.

Stocks and futures are completely different, stocks have no leverage, no expiration date, unless delisted and suspended, you can continue to trade, if the money is not in a hurry, you can lie down and pretend to be dead, one year or two years, three years and five years, most of the time as long as it is not a particularly high position, this stock has no particularly bad history, there will always be a second and third wave of bull market The PLA will come to your rescue.

But futures are different, the position period is as short as a few months, and a long one and a half years or more than two years must be closed, because the delivery deadline has arrived. Many times the contract in the hand does not move in the month, and the contract behind it changes again and again but there is no way, so we must keep an eye on the plate, as soon as there is a wind and grass to make a quick decision, full of dead carry, the month of death is not to say that it must not work, but most of the time it is not possible.

"Actually, I've always liked to explain the fundamentals and the technical side in terms of philosophical logic. Fundamentals are inevitability, technicality is contingency, inevitability works through contingency, and countless contingencies are combined to reflect the direction of inevitability, but the contingency of a single or fragment is not inevitability. These two are opposites and unified things, and no one can do without the other, and they develop together. ”

Chang Tianhao poured half a cup of tea and continued unhurriedly, "The fundamentalists say that people are bound to die, is it good to be wrong? Of course it is good! But just because people will die, I have to think about preparing for the aftermath as soon as I pass 40 or 50? Since I started to think about the future at 40, should I think about it at 30? Because some people don't even live to be 40, should I think about it at the age of 20 or 10? There is no such thing! Similarly, the technocrats say that there are many ways for people to die, such as death from earthquakes, car accidents, serious diseases, and wars...... And then, according to some of your present characteristics, what are you going to die, is that not the same as a blind man's fortune-telling? What if I die poor in the future?"

"Hahaha, well spoken, well spoken, not rough. Brother Chao laughed, "You will definitely be rich and rich in the future, and you will definitely not be poor......"

"I don't know if I am poor or not, death is certain, so I like to call this dialectical materialism, death is materialism, when to die, how to die is dialectics. Chang Tianhao smiled, "Of course, this is the truth of the big and the general, the past two days of the disk like this, I really didn't expect it, I have always felt that we should grasp the general trend, and the bottom is full of fantasy of the new leek, and I will understand it after being educated by the market a few times." Brother Chao, you made a handiwork, and at a glance, you knew that it was an expert. ”

The last hand, and the previous life as an analyst of the inferior side to show the side: unconditionally praise the customer's stinky feet! Even if the customer is wrong, you have to help him find a reason to explain and analyze, just like reading and understanding Lu Xun's article, how many small words and righteousness are really what Lu Xun wants to express?

"No, no, no, you've spoken very well...... Brother Chao muttered, "It's not that I don't know the truth, the key is that you will confirm it after you finish speaking, and you are really a little caught off guard...... It's amazing, you know?"

"Fluke, fluke...... This is the same as playing mahjong, novices can always win two, I don't believe that Brother Chao didn't win when he first entered the market. ”

"No, no, bastard, bastard......"

Xiaoqin helped beside him: "Why didn't Brother Chao win? Brother Chao was brilliant back then, some time ago he was telling me stories with flying eyebrows, fiddling with treasury bills in the early days, and then lining up for three days and three nights to buy Shanghai Lao Ba share subscription warrants, reselling the national grain stamps to the point of fighting with others and fighting knives, fighting against Suzhou red beans, Shanghai plywood, Zhengzhou mung beans, and turning to Henan, Inner Mongolia, Yunnan, Liaoning, Jiangsu, Shanghai, Guangdong, and other glorious deeds in most of China, why don't you keep silent today? Tell it...... Tell me...... It's like thunder...... Mr. Gao said that Brother Chao is a senior master. ”

"Hey, hey...... The heroes don't mention the courage of the year, don't talk about it, don't talk about it. ”

Looking at the posture of the two, Chang Tianhao suddenly understood: Brother Chao must have bragged in front of the little girl, man, everyone understands......