A stable and profitable trading veteran gives advice to a friend with blood experience

solid:

You do a time period with a time cycle, otherwise you will be confused

Don't do a small cycle, don't be willing to lose, and then make a big cycle

The big cycle oscillates up and the retracement is also big, and then you can't help it, and go back to doing the small cycle

David:

What does it mean to buy stop loss, and sell stop loss

These are all common mistakes that novices tend to make

Break through the open more

Fell below the open short

For example, if you open a long order, the current price is 10 blocks, if it rises to 11 blocks, you think the trend will come, you want to increase the position, you can set a buy stop loss, it will open a long order at 11 blocks

I usually use buy stops and sell stops

Limit price this is easy to understand, used to be useful, now do not use these two ways, this is the novice often like to use the two directions, I am doing a breakthrough, the limit price is generally used by novices to do shocks

The probability of doing oscillations is very high, and the number of times it is right, but when the trend comes, it will die. There are few orders to do the trend, the probability is small, but the trend is coming, the profit is growing steadily, and it is very inhuman to do the trend

That's why almost all those champions do trends, and rookies like to do shocks

Because it is human nature to like the right number of times

There is a champion, three consecutive months of losses, because there are three months in the shock, but he is a long-lived, and the profit is growing steadily and very quickly, trading this market life stars are too few, too many stars

Buy stop loss, that is, optimistic about 10 rising, such as higher than 10 to buy automatically

yes

Understand it as a breakthrough

This function, stocks do not have

Stocks have to spend money on high-priced software to use this feature

The software I used in 2017 is more than 20,000, you can drag 50 accounts in one account, place orders proportionally, one-click all clear, and also have this kind of breakout buy, or fall below the sell function

You cannot sell automatically at a price

Our ordinary software can only order high price order, low price order order, only limited price function, no breakthrough function

This is take profit

When modifying, the blue box on the right can set a take profit

The box on the left can set a stop loss

I will not use the take profit function now, people will only use stop loss. You go online to buy a book called trend tracking, which can improve your skills for at least 10 years, and its core is to cut off losses and let profits run

So why don't I set a take profit, because if you take profit, you just cut off the profit, and the loss is not stop loss is to let your loss run

These are anti-human, to overcome this, two points can be quickly started, one is to compare I trust, I say what you listen to, the other is to give trading continuous education, and finally you feel that there is really no need to set a take profit, you will realize the preciousness of this sentence

For example, 100 yuan, you lose three times in a row, a loss of 10 yuan, you lose 30 yuan, if you are not willing to lose, you also increase the position, and finally your loss continues to enlarge, and finally burst the position. Or you lose 10 yuan in a row, also lose three times, lose 30 yuan, and then a wave of big trends comes, you set a profit of 30 yuan, you sell, you don't lose or earn. But if you don't set a take profit, the trend is very large, a wave of 50 yuan, you drop it at this time, you can earn 20 yuan