Part of the complete trading path
Investment philosophy.
The market has no essence and rules, so there is no holy grail in trading. People's cognition and understanding of the appearance of external things come from norms and concepts, models, and assumptions. What we can understand is only the appearance of the market.
Determine the circle of competence and establish a trading system. Based on the law of the same source of profit and loss, we will inevitably not be able to catch all profits, unless you also bear the same inevitable losses. If you try everything, you are more likely to miss the profit at the wrong time and kill yourself. It is better to take a scoop of water from three thousand rivers.
Limit your circle of competence, set model rules, and execute everything according to the rules, enjoy his advantages, accept and tolerate his shortcomings.
Less is more, more is more confusing. Don't cast a net everywhere, focus on a few targets, and carefully evaluate and filter.
Only bet on high-probability events, and focus on stability for the rest, and pay attention to safety first.
Patience is the most important quality in the investment market. Buffett said that people don't want to get rich slowly, what does it mean.
Don't worry about short-term volatility when you have a chance of winning.
Combining the medium-term and short-term, aimlessly holding long positions will weaken your ability to observe market turning points, but it does not mean you will miss the big market. Observe and participate in the market by combining trends and structures.
Use simple rules and techniques to deal with the market, and only be the leader in the market. Long positions are the strongest, short positions are the weakest.
Follow the trend and hold long positions for profit. Clear wrong positions and hold on to profitable positions.
The essence of trading is the belief of the trader. Firmly following the trend will inevitably gain wealth, and never buy at the bottom or touch the top.
Trading must have a detailed plan, reason, process, and multiple possible analysis and response, and plan one by one before, during, and after entering the market.
