108 dry goods cheats from Zhang Tingwei, chairman of Bingyi Assets

108 dry goods cheats from investment bosses to help you thoroughly understand the mysteries of investment transactions

The 108 trading secrets of this article are from Zhang Tingwei, chairman and investment director of Bingyi Asset, who is known for being good at grasping the inflection point of the big market and the rhythm of precision, and the classic battles such as bottoming out commodities at the beginning of 16 years, shorting in March of 17, long in June, and strategic shorting of industrial products in October 18 have been widely circulated.

He said with nostalgia: "All this prejudgment ability is not easy to come by, first of all, the cultivation of disk sense, for many years is to stare at the disk every day, review, summarize, reflect, even dreaming at night is trading." From the technical indicators to the research of various varieties of industrial chains, to the final realization of the time variable, every bit of progress is almost from the reflection and summary of the loss of trading..."

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1． The core principle of building a trading system: to establish oneself and pursue selflessness.

2． If you can't start from your own trading concept to build your own trading system, then you can't achieve the unity of knowledge and action, because your thinking and operation are contradictory.

3． Futures is leveraged trading, position size is the size of the use of leverage, when you first enter the market, because your understanding of the market is not deep and the certainty of the market is low, low position trading is necessary, can make you live in the market for a long time.

4． With the improvement of the level of trading, when you can judge the probability of winning a trade, you will really understand the use of position adjustment, that is, bet according to the size of the odds, bet big bets, win odds small bets or no bets.

5． Knowing how to use leverage is one of the specialties of successful investors.

6． From the perspective of position alone, being able to judge the size of the market opportunity is the basis for success, and it is also a hurdle that most investors cannot cross at the technical level of trading.

7． Position control (the use of leverage) is the artistic embodiment of your trading level and trading style, and light positioning is the only way out before your trading level reaches the level of control of the position.

8． It is difficult to grasp the certainty with technical analysis methods, so it is not afraid to bet heavily; fundamental analysis and macro analysis have great advantages over technical analysis in anticipation of the big market.

9． From a longer perspective, investors are trading an understanding of the laws of how things work and a perception of the market.

10． A grasp of the fundamental drivers is a grasp of the details of the future industry on both sides of supply and demand.

11． Any variable factor will finally be reflected in the change in the supply and demand structure, and the leading influencing factor that can promote the change of supply and demand structure is what we believe to be the driving factor.

12． Futures trading is not the current data but the future supply and demand expectations, looking for the driving factors in the industry details that can change the future supply and demand structure is the core of our fundamental analysis.

13． According to our understanding of the operation of things, the market is formed by the joint action of multiple factors in the form of waves, and the vibration is the strongest and the most deterministic when superimposed in the same direction.

14． The market looks chaotic in terms of micro attributes, and there will be a highly deterministic trajectory when the main sub-factors resonate with the main attributes.

15． Fundamentals are important for trading because it's like a beacon in the seas that allows you to see your goals and directions in the distance.

16． In fact, the principle of fundamentals is very simple, that is, the relationship between supply and demand, mainly because it is more difficult for general investors to understand the comprehensive information of the industry, there is no data on supply and demand and the factors that drive the price in the future of the industry, which all take time.

17． We look for opportunities in an uncertain market, so what is an opportunity? That is to find certainty in an uncertain market.

18． The fundamentals are the relationship between supply and demand, which determines the direction of the medium- and long-term market; the capital game is the current long-short rhythm of the market, which is the details and short-term impact, which determines the short-term direction.

19． Triple factor resonance trading principle: fundamentals, capital game, market sentiment triple resonance will produce a strong certainty, I can not say 100%, but this certainty is indeed extremely high.

20． To make a trade you have to know what you are doing and are you trading the market? No. What you trade is your plan, the trading strategy you make after analyzing the market.

21． We are looking for certainty in an uncertain market, everyone sees the truth of the market differently, and the more thoroughly the truth is seen, the better the benefits.

22． In my trading system, it is a three-factor resonance of looking for fundamentals, capital games, and market sentiment, which in my opinion is the most certain period of market conditions, so I will wait and wait for such an opportunity to start.

23． A trading plan should have a complete strategy, when to enter the market, where is the stop loss, when to add positions, reduce positions, when to leave, everything is in the plan, you only need to operate according to the plan, plan your trade, trade your plan.

24． Trading is a practice.

25． Trading is not only fundamentals, but also market sentiment, when the overall market sentiment is pessimistic almost all commodities will fall, whether the fundamentals are good or bad, when the market is optimistic almost all commodities will rise.

26． The market is not rational all the time, and it also makes mistakes.

27． In my opinion, the market is produced by the interaction of medium- and long-term fundamentals, short-term capital games and overall market sentiment, and once the three-factor resonance will produce a deterministic trend market.

28． People habitually observe a thing, the brain will automatically remember and summarize the law, and most of the things in the environment we live in are in a range oscillation, up and down in a range of wandering, resulting in our brain's inertial memory of things is the range, so traders in the early stage of entering the market will have the behavior of bottoming out.

29． Establishing conditioned reflexes and meditations during the growth of trading has helped me tremendously.

30． Fundamentals are the root of the trend, no matter how the market fluctuates, it will eventually return to the fundamentals, funds and market sentiment can only affect the volatility and depth of the market in the short term, but if the three are resonant and in the same direction, the trend will be smooth and huge.

31． Analysis is normal, analysis is also normal, but the probability problem, we are the pursuit of certainty in the uncertain market, do the most sure trading, do a good job of strategy, knowledge and action are one!

32． What is a transaction? Find the most advantageous and deterministic trading opportunities.

33． Futures are the art of leverage, since it is a leveraged transaction, you must understand what probability market, what bet.

34． Doing fundamental analysis is not only to look at the current data, but more importantly, to predict the influencing factors of the future fundamentals.

35． Fundamentals are only one factor in considering entry.

36． Only look for the highest trading opportunities to determine the trading opportunities, whether you are analyzing from the fundamentals or from the technical side, only do your own sure of the market, other markets give up, you are a master.

37． You don't need to keep going in and out every day, be patient and wait for the market you can grasp.

38． Read more books, stand on the shoulders of giants, reflect more, think more.

39． Fundamentals determine the medium and long-term direction, the capital game determines the short-term trend, the overall market sentiment determines the strength and depth of the market, the market is the largest when the three-factor resonance, only according to the fundamental trading is easy to produce large drawdowns and large losses, for the trading system is also incomplete.

40． From which channels to understand the information, it is best to have their own spot channel information, timely data collation and communication with industry insiders at any time, institutions should have their own industry researchers at any time to track, looking for opportunities for imbalance between supply and demand.

41． Futures are transactions that produce future impact on spot factors.

42． When you enter the game, when your card has an advantage, all you have to do is to expand the advantage, and when the time comes, your friends who play Texas will definitely understand this truth.

43． Our cognition is limited, we must humbly admit that our understanding of the market is only a small part, as long as you enter the range that is not your cognition, it is like you enter a dangerous forest, which will make you scale all over. Knowing how to give up and knowing the trade-offs is great wisdom.

44． Trading must have a system, a complete system will not let you busy, in order to rationally look at the market, in order to be calm.

45． Panic, busy because the system is not complete, the market trend beyond your system, people will panic when they are confused. So perfecting the system is what every trader needs to do, so that any trend is within your cognitive range, your system can cope with any market situation, naturally you will not panic, according to the system can do it.

46． Market trend is not only a factor affected by the fundamentals, otherwise it is easy to make money on futures, futures are the future of spot trading, it contains spot fundamentals and market trends in the capital game and the overall market sentiment, the capital game determines the short-term trend, the overall market sentiment determines the depth and amplitude of the market, the three factors together determine how the market is interpreted.

47． The market is always a long-short confrontation, no matter how long or short we must think about the logic of the opponent's operation, know ourselves and know each other in order to survive a hundred battles.

48． The market is a Taiji, a cyclical process, its various factors change at any time, until the formation of trend commonalities will produce new trends.

49． We want to be the prejudger of the market and more to be the follower of the market, the prejudgment can let you take the lead, and the follow-up can make you go smoothly.

50． The book "Memoirs of a Stock Writer" should be known to everyone, but everyone should experience differently in the book, and what helps me the most is his temptation-increase strategy, which allows us to obtain higher and safer returns after judging the medium- and long-term trend.

51． I recommend the book "Quantum Mechanics" because I really realized the word "resonance" from quantum mechanics, and it is also the beginning of real stable profitability, only the resonance of various factors will produce the largest sine wave, that is, resonance will have a large market.

52． The root of commodity fluctuations is always the fundamental supply and demand situation, people affected by emotions will make the market make mistakes, and we are looking for the market to make mistakes, so that other people's mistakes bring us benefits.

53． Short-term profit and loss is not important, whether to trade according to the right rules is important, as long as you can know the unity of the right concept of trading, the trading results will not be bad.

54． Each transaction is analyzed and prejudged in advance, analyzing the logic of long and short, knowing oneself and knowing the other, and then judging the operating logic of the next development of the market according to the objective factors of the market's long and short term. Thus formulating a trading plan, the entry and exit point of the trading plan is based on technical analysis, to make a low-risk and high-return plan.

55． The logic of market operation should include strategic judgment, overall market trend, overall market sentiment, macro supply and demand logic, etc.; the tactical aspect is mainly concentrated on the variety, supply and demand fundamentals, the main logic of long and short, and the operation of technical trends (trends); the combat aspect is the entry and exit of the details, the addition and subtraction of positions, and so on.

56． The technical aspect of trading only determines some details, to have a strategic vision of the market, but also to have a Zen mind to evaluate the market, to evaluate the self, only when you are your own master, not the market is your master, you can really defeat the market, defeat yourself.

57． After years of trading, I found that only the most certain market is comfortable to do, and do the right thing at the right time.

58． For uncertain opportunities, give up. Willing to give, there is a sacrifice to get. It is better to have time than to work on the identified varieties.

59． There are many trading opportunities, you must know how to choose, the market gives me I will accept, do not give me I do not force.

60． Whether it is technical analysis or fundamental analysis, the most important thing is that you can do it, and you can use which one to make money; the choice of varieties is the same, you can get which variety to do which.

61． In fact, technical analysis or fundamental analysis, just increase your trading odds, the best way to operate is the combination of the two, of course, the premise is that your fundamentals and technical aspects are very strong, in order to combine it, otherwise it will only increase the trouble.

62． In the framework of my trading system, the fundamentals are the root, supply and demand determine the price, the price is around the fundamentals, technical analysis is an effective tool for quantitative entry and exit, the combination of the two is very good, and I require the market trend is some simple trend tracking indicators to maintain the trend of my fundamental analysis results, do not do contradictory markets, know how to trade-offs to live for a long time.

63． The market is not a simple fundamental analysis can predict the trend, the market will sometimes be in the wrong trend, affected by funds and overall market sentiment.

64． All of our transactions must follow the principle of triple factor resonance, ensuring that every transaction is a highly deterministic operation and maintaining an advantageous position.

65． We do long-term trend trading, often the trend judgment is right, but the position is wrong, and finally can not make money, this point to do a long time investors will have experience, so I repeatedly emphasize to find a good position to add points, we each time to increase the point of the position is extremely demanding, the cost advantage is obvious, you can see the trend of the situation to make enough profits.

66． All things are yin and yang, as long as you plan in advance, things that look good or bad on the outside will turn into good things.

67． Plan trading, trading planning, every step must be under the strategy, you can control the market instead of being controlled by the market.

68． Trading is simply looking for certainty in an uncertain market, and there are many similarities with gambling. If you want to be a winner, you have to find the opportunity of certainty that you can grasp, then make the rules, and then bet repeatedly.

69． Trading is composed of two parts, one is to find a model with advantages, the other is the unity of knowledge and action in trading behavior, and the second point is much more difficult than the first point, so trading is a practice.

70． Do the right thing at the right time.

71． No matter what kind of transaction is made, whether it is entering the market or adding a position, each transaction must ensure cost advantage and high certainty.

72． Technical analysis to do the trend, the biggest problem is the handling of the shock, how to oscillate the market small loss, no loss is the main influencing factor of whether the long-term profit curve is beautiful.

73． Trend in a year often not several times, encounter the trend of the market must make a lot of money, the rhythm of a good grasp of the position can be added, make enough profits.

74． Prices are determined by supply and demand, and have nothing to do with the so-called low and high season.

75． In the behavior of trading, you should exercise your ability to combine knowledge and action, which is the basic condition for you to become a winner, you can not be affected by the media, other investors' emotions and dare not move, to do a detailed trading plan in the early stage, can cope with any trend in the market, you will be confident, calmly face the market.

76． Futures far month is the expectation of the long-short game, is the imagination of the supply and demand structure, so it is very normal to have a gap in the near and far months.

77． To do a transaction, you must first make a good plan, but the most important thing is the unity of knowledge and action, if you can't do the unity of knowledge and action, everything else is exempt from talking, even if you analyze and plan well, it is useless.

78． It is not advisable to hold a trend that has not been confirmed by the order of the crossing.

79． Futures are leveraged tradingWe care more about the timing of entry and the pursuit of high certainty, so we will evaluate the market for entry opportunities that meet the principle of triple factor resonance.

80． If you only do deals with high certainty and cost advantages, you will be a winner.

81． There are many opportunities in the market, the key point is to find the most chance of winning the opportunity to bet, this patience, this perseverance, this realm is the accumulation of time and experience, continuous reflection, summary of the market trend to fake and save the truth, there is a way to choose, it is difficult to make money.

82． Trading is plainly betting on the chance of high odds, just like playing Texas, betting more when the odds are high, not betting when the odds are not large, and repeatedly repeating the bets with high odds is the only way for the winner.

83． I do not use moving averages, moving averages belong to the trend technology system, with lag, and we pursue cost advantages and advance prediction, in trend analysis we pursue sufficient fundamental logic.

84． No one can fully predict the future, just like weather forecasts, with high probability and accuracy, but not all, because we can't think of all the variables, only the most important ones.

85． All things are clean, the yin and the yang will change, these ideas for us to deal with the extreme market has a very, very big help, trading is not only technology, higher competition is the philosophy of trading, that is, the depth of understanding of the law of the development of things.

86． For the time point, we are through the simulation of the variables of each factor, the factors are quantified into data, through the interaction of the sine wave of the variable of each factor, forming a trend change of the sine wave, the peak of the sine wave is the time point. Like weather forecasts, high probability events. We also do trading to find certainty in an uncertain market, and the time period is a good reference to help develop a trading strategy and anticipate future movements.

87． The smoothest stage of the development of a thing must have a time, a place, a person. The trading trend is the same, or the development of people and things needs the same law. Most traders only look at the geographical advantage, that is, the trend structure, and lack the judgment of the time point and the overall market sentiment, which will reduce the guidance and accuracy.

88． There is no doubt that the moving average system is profitable. Some people use it very well, I contact the use of the moving average system to achieve stable profits, there is a characteristic, only do the overall trend of the market, in order to ensure the success rate.

89． The ancients said that the time and place are favorable to people. The moving average only considers the geographical advantage, and lacks the consideration of the time of day (time variable) and the person (overall sentiment of the market).

90． It is just that once the "Qiankun Gua" of market sentiment appears, it must not follow the public's excited emotional operation, but also a little more calm, and the Market will soon come to an end.

91． In fact, there seem to be many opportunities in the market, in fact, there are very few opportunities or high certainty opportunities that can really be grasped, and the most important thing for us is to wait patiently, and good hunters will wait.

92． The trend judgment is wrong to cut the position at the first time, and then wait for the next confirmed opportunity to come and then enter the operation, carrying a single is one of the main reasons for the big loss.

93． There will be a super market with a big divergence, and a big market needs an opponent.

94． My advice for amateur investors is to specialize, not to be too dispersed, the market seems to have many opportunities, in fact, most of them are not something you can grasp.

95． If you have a deep understanding of the changes in temperature throughout the year, you can basically understand the state of market operation.

96． All this prejudgment ability is not easy to come by, first of all, the cultivation of disk sense, for many years is to stare at the disk every day, review, summarize, reflect, and even dreaming at night is trading. From the technical indicators to the research of various varieties of industrial chains, to the final realization of the time variable, every bit of progress is almost from the loss of trading reflection and summary.

97． No one can fully predict the future, because no one can fully consider every variable factor affecting the future, weather forecast is to predict the weather changes at future points in time, just as we predict future futures trend changes, consider the fluctuations of multiple major factors to simulate future trend rhythm changes, more time variables are considered, rather than following the chart.

98． The point is only one of the factors for entering the market, and it is also necessary to consider the time point, make money by doing it, and directly in an advantageous position.

99． Sun Tzu said: "Those who have not fought and the temple count the victors, they must count more, and those who do not fight and the temple counts as invincible, they must be counted less." More is won, less is not won, and nothing is counted! "Trading is the same, before entering the market, there must be detailed and accurate market analysis and strategy, so as to win before the battle."

100． The market is prejudged and can be predicted.

101． The biggest difference between futures and spot is the futures and the present, although it looks like nonsense, but you will think carefully to understand a lot of investment in the truth, the futures is the future is the expectation, and the spot is the present.

102． I recommend investor friends to learn Tai Chi, which is of great benefit to health and trading.

103． It is enough to read a few books on the pure concept of trading, and Buddhism, psychology, military, traditional culture, behavior, etc. will improve you at different levels.

104． A wave of large market (at least a month or more) trend will not be in place in one step, the long and short forces are always in the market game, including the psychological level of long and short, earning more will have the willingness to close, more will be short momentum, the spore effect will always affect the trend in the market, so that the market is in a volatile running state is not a straight line running state. This gives us the opportunity to add or enter the market after the trend judgment is correct.

105． We will not enter the market when the time and point do not meet the forecast, because it shows that there may be factors in the market that we have not considered, that is, risks that we have not considered, and we should wait and see.

106． Transaction details are subject to if.... only..... To verify your predictions how do you do? What do you do without verification? No matter how the market goes, you have a coping strategy to face the market trend calmly.

107． Traders should treat the market long-short logic objectively, wait for one side of the logic to fail before re-positioning one side.

108． Never analyze the problem of why it is up (down), we only judge in advance when a symbol will rise (fall) next, hindsight Zhuge Liang is the analyst's job, we are traders!

This article originated from the tokister

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