Episode 311 Stand up for yourself

Innate ability basically determines whether you can go further in this industry, and the acquired exercise and learning can only improve the existing ability, but not create the real ability.

Over the years, I have observed many successful traders, then studied what they had in common, and tried to find out how these people succeeded.

Through the analysis of a large number of cases, I found that in addition to the natural traits of "interest, faith, alertness, and perseverance", they also have seven acquired traits that can be cultivated:

1. Organic interaction between learning and operation;

2. Will stop loss in time;

3. Strictly abide by the trading discipline and have a consistent trading behavior;

4. Highly focused on trading;

5. According to the specific band, grasp the opportunity to go out of the market, and do not do hope trading (hope trading is wishful thinking that when there is an unfavorable situation, wishful thinking and thinking that the market will reverse, that is, subjective sexual obscenity occupies your brain, rather than facing the objective facts of the market);

6. Reasonable use of positions;

7. Always keep pace with the trend and do not operate against the market.

The above seven can also be summed up in eight words: focus, learning, discipline, and shunshi.

As a result, these two seven points have been summarized into eight words of innate and eight words of nurture, which are respectively "interest, faith, alertness, summary", and "focus, learning, discipline, and shunshi".

If you feel that these sixteen words are superficial and ridiculous, it may be because you have not stepped into this threshold, you have not yet entered this context, and you have not yet understood what "the road to simplicity" is.

Of course, if you are already a great trader, then congratulations, but it doesn't hurt to laugh.

Albert Einstein divided wisdom into five levels: "Intelligent, Wise, Excellent, Genius, and Simple".

To be smart is to be smart or intelligent;

To be wise is to do things rationally and reasonably;

Excellence is the way of doing things;

"Genius" is to do things like no other;

"Simple" refers to the ability to read thoroughly in a certain subdivision, as well as the ability to execute with a clear purpose.

In fact, not only is genius not easy to understand, but when it comes to the realm of "simplicity", it will also be difficult to be understood.

"Simple" is easier said than done, and it is more powerful than the sky.

Knowing and doing is an ancient proposition.

There are many things that everyone seems to know, but in fact, few people can actually do it.

Good traders know how to strengthen their own characteristics, give full play to their own personality, and truly achieve the unity of knowledge and action, so they succeed, and they succeed naturally.

Statistics show that basically all successful people consciously or unconsciously fit the above sixteen words.

On the surface, success is as simple as that, but the way great traders move from knowledge to action is different.

Comparing the personalities of each of them, they may contradict each other at a rough look, and there are even many-for-tat conflicts, such as Zhang San's rough and heroic, and Li Si's calm and delicate.

But this is only on the surface, and if you look closely and study it, you will find that their external representations, although very different and different in approach, are essentially the same. In trading practice, their differentiation forms a trading style, but the commonality is still universal.

In other words, although their outward manifestations are so different, they are essentially in harmony with the seven traits and seven qualities mentioned above, but they have different appearances.

Advantageous trading skills are essentially a good and effective habit of dealing with trading problems.

The set of individual traders' habits forms their own trading systems, and these systems all have one common feature: they are effective and cannot be copied.

Where does the advantage of a good trader come from?

Of course, reading is important, but reading too many books and news can take up too much of your brain, sway your thinking, and even hurt your investment performance, which is the harm of too much information.

Academic qualifications and professional certificates, knowledge and experience can only make it easier for you to enter the threshold or not fall behind, but not to your advantage.

Yan Jiehe said that "entrepreneurs are wild", there is no place to train them, MBA is just teaching you how to be a manager, and it often misses the essentials.

I agree with the statement that a true master cannot be mass-produced by some kind of institution, and this is true in many professional fields.

Just like most writers are non-Chinese majors, because Chinese majors can only teach you to become qualified language workers, such as editors and copywriters, but will never teach you how to write good works;

Politicians are even more wild, and the political science major in the school can teach you how to be a civil servant for the government at most, which is too far from a politician.

So it can be compared that great traders are also wild, which is why people who study finance and economics do not have too many advantages in the trader industry.

In order to survive in the market for a long time, you must have some qualities that ordinary people do not have, such as not being greedy, being agile when you should be agile, being clumsy when you should be clumsy, and so on.

To be a great trader, you have to stick to your trading system, and you even need to be a little paranoid, because in this harsh market, only paranoid people who stick to the right ideas can survive.

And the most important thing is that in the process of trading, you must have the psychological quality of not changing in front of Mount Tai, only in this way can you "worship the general".

But obviously, these requirements are almost impossible for most people to do.

We all have weaknesses, and overcoming or controlling these inherent weaknesses is a lifelong lesson for investors.

Qi Baishi said, those who learn from me live, and those who resemble me die.

I think this philosophical remark by a carpenter-turned-"wild" artist is applicable to any industry, and of course to the futures investment industry.

The enlightenment of this sentence to people is that those who can really learn must learn the essence of others, and only learning superficial articles is definitely a dead end.

No trader can accurately predict the market, predict what will happen to the market, and the market will not take your emotions and expectations into account.

In trading, the most important thing is not to predict the direction and ups and downs of the market, but how to follow the trend and follow the trend.

If you follow the right one, you must stick to it, and the clutter in the process of sticking to it is a test of your will and an inevitable cost in the transaction.

As for how to spot and follow trends, it depends on your personal cultivation.

Successful traders use a system to control their trading process, and use iron discipline to bind you to execute this system, in fact, in this violent and volatile market, the only thing we can control is this.