Section 27 Beginning with interest and ending with perseverance

The market started sooner than I thought.

On the first trading day of the Chinese New Year, the domestic commodity futures market also declined slightly due to the collapse of the external market during the holiday. The black gold series opened at a low price, but then the price slowly rose, gradually recovering the gap left by the gap.

I haven't had time to increase my position for the second time, the price has completely departed from the bottom range, rushed to near last week's high, which is the upper edge of a platform consolidation range, which will repeatedly oscillate many times, once this price is broken, it means that the next target is directly to the weekly golden cross.

Floating profit is the only choice I made, and the stop loss is set at 20 points below the range.

I have made a lot of profits in my current position, but the market is not over yet, and the most sumptuous feast is yet to come. If the current trend continues, I will get about double the amount of money in my account, which is ten times the profit based on my initial margin.

Many turns and gains in life are often brewed in the footprints of sweat and sweat.

In this transaction, the process of formulating the strategy in the early stage was full of twists and turns, but the implementation was relatively smooth, which is the right time and place.

Because in most cases, the market price is not extreme, and the data and information cannot be accurately predicted, this kind of capital game or supply and demand, uncertainty caused by the market, in the process of strategy response and execution will be very difficult, and it is possible to repeatedly stop losses.

Therefore, in the real sense, the so-called good trading opportunities are only a few times a year, which can be encountered but not sought.

I'm glad I did the right thing at the right time, even though that doesn't mean it's all over again.

"Brother Chen, your overnight position is exceeded, and we will close the additional position for you before the market closes."

The guy from Jinrui Futures called the spacebar sent me another message.

Because of the restrictions on overnight positions, they always subtract me from the part of my position during the day every day, and even sometimes the closing price is lower than when I increase my position, this kind of loss caused by rules is actually unnecessary, even if I am sure that the market will continue to rise tomorrow, but I have no choice. Who told me that I had little money...

But God is always fair, and He will reward those who persevere and strive to move forward!

When all the suffering, confusion, and struggle have been flattened, I have also ushered in the harvest season.

In March and April, the real estate sector recovered. The demand for rebar, coal, and iron ore ushered in explosive growth, and the spot market prices naturally rose, and futures prices also moved, and by mid-April, they had about doubled.

After closing the position, the total funds in my account have exceeded 1 million. Excluding the cost of capital allocation and dividends, my net income has exceeded 500,000.

This is the first pot of gold in my life, and it is also the real starting point of my investment and trading industry.

Many people's greatest desire in life is to engage in a career that they love and at the same time achieve their own career.

I entered the financial trading industry purely out of my work, but after experiencing so many setbacks and dedication, it gradually turned into an interest; Although he is still 108,000 miles away from his ideals, he finally has a clear direction.

Just like Gu Yanwu said in "Daily Knowledge": Start with interest and end with perseverance. The way of Naishi is also.

Civil affairs bureau.

From now on, in good times and bad, rich or poor, healthy or sick, I will love and cherish you forever. I promise to be faithful to you for the rest of my life!

We got married.

"Chick, you will be my person from now on, hahaha, come, give uncle a smile." Coming out of the marriage registry office, I dragged her jaw with my fingertips, pretending to be the second ancestor's gentleman, and said proudly.

"! Flirting with the old lady, don't you want to live anymore?" As soon as she slapped my hand away, she lost her temper and didn't give any face at all, so she smashed the scene of the show.

I'm dizzy.

"Hey, this is for you, and I'll make an IOU for the rest." I pulled out my card and handed it to her.

"What IOU?" She looked at me inexplicably.

"IOU for buying a house. The one you said last time facing the sea, the garage elevator, and the garden house I checked, and now there is a real estate project that meets the requirements, the cheapest set is about 3 million, I will give 500,000 first, and I will give you the rest when I make money. ”

After this wave of market is completed, I feel a sense of accomplishment and confidence at the same time. The day before I got the certificate, I deliberately opened a separate bank card for 500,000 yuan, ready to surprise Su Ying.

"Really?" She took the card in disbelief.

"That's a must, come, my husband will take you to a place today." I waved my hand.

"Where?"

"You'll know when you arrive".

Chow Tai Fook Jewellery.

"Wife, I love you! Although I have never invited you to coffee, nor have I given flowers, or even a marriage proposal, I feel that there should be something that can witness our love. "In front of the counter, I held the diamond ring we had chosen together, and confessed to her so affectionately for the first time.

"Don't say it, I know, even if you don't invite me to coffee or flowers for the rest of your life, I believe it." Her eyes were red, and her voice was much softer.

"I'll put it on for you."

"Hmm".

Papas, a very old and distinctive western restaurant.

(The message board on the wall is very distinctive, where there is a testimony of my love)

In the dim candlelight of the restaurant, I solemnly wrote down an IOU of two million.

"Are you sure you really give it to me?"

"Of course, I can't talk nonsense, and at the same time give myself a little encouragement."

When each of us is young, there are always some frivolous and brainless actions, and its seemingly illogical words and actions are actually resonant because of the right mood and occasion. It was I who made that decision under the interweaving of confidence and happiness.

(Some people may think that this plot is fake, but I really did it at the time, and even my wife was going to leave it for her children)

"You don't have to." She still thinks it's too exaggerated.

"It's okay, just take it as a promise on my part. Because when you get married, the responsibilities are heavier. ”

"Why don't we buy a second-hand house with a down payment first, and then change to a bigger house when we have money."

"If there is no principal, will our life and monthly mortgage be very difficult?"

"Shall we be married on that big iron bed?"

"What then?"

"Alas, life looks so ugly!"

Although we don't have a wedding yet, there are more things to consider about living at home. On the night of receiving the certificate, my Su Ying in the restaurant slowly changed the topic to discuss the house.

After all, everyone wants to live in their own house, even if it's just a broken kennel.

When the true face of life is revealed, all the things about survival can be succinctly expressed in two words: make money.

I also want to make more money and enjoy a better life!

Unfortunately, the heavens never grant people's wishes.

The futures market has become hot, and many varieties have come out of a good market, but the black gold series that I have always been optimistic about has been dumb. The far-month contract is 500 points lower than the near-month price, and they are falling at the same time as the delivery of the 05 contract is imminent.

I'm dumbfounded, not sure if the previous bullish logic still works, and how much room for growth there is in the future after the price rises?

When everyone looks at things, under the influence of inertia and experience, they will unconsciously have blind spots in their thinking, and in that state, you will retain some biases because of your preferences, or ignore some negative information that you don't want to see.

I had this kind of psychological reaction at the time, because I hesitated and doubted the future direction of the market, and finally gave up the idea of changing contracts to continue to go long, and chose a strategy that seemed conservative at the time, but finally tasted the bitter fruit.

Day trading and trend trading are at two extremes in terms of holding cycles, and both types of investment have their own risk avoidance principles: trend trading is usually to avoid psychological risk with small positions and wide stop losses, and market risk caused by extreme price movements.

Day trading, on the other hand, uses a very short period of time to release the psychological risks caused by heavy positions and the fatal losses that may be caused by extreme price movements.

In terms of the average profit of a single trade alone, trend trading has a completely definite advantage. However, it is a fact that an excellent day trader will create a much higher profit per unit of time than an excellent trend trader in the case of a small amount of capital (if the capital is in a large enough size, the opposite is true, day trading due to its trading characteristics, when the capital reaches a certain size, it can only carry out arithmetic appreciation and cannot continue to increase geometrically like the trend trading type), the reason for such a huge contrast is the most important factor in expanding profits: the opportunity factor.

Compared with trend trading, day trading has an absolute advantage in terms of trading opportunities. If this advantage can be fully exploited and the stochastic factors and transaction costs can be overcome, a very high level of profit can be created with limited risk increase. The lack of opportunity factors is the inherent shortcoming of trend trading, and only the expansion of opportunity factors can be carried out under the premise of limited risk increase.

Since the first day I entered the capital market with Xiao Yuan, I have been doing trend trading, (we manipulate the market to create trends by ourselves), and the obsession with time to create value is deep-rooted, so all trading strategies have always been long-term trend based.

But this time, because it was difficult to screen trading opportunities, and I was unwilling to wait for a short position, I also played day trading, which I am not good at. This also laid the groundwork for my first liquidation.