Haoge

Haoge Apr 20, 2022

I'm a conservative trader -- I'm only using about a third of the leverage I used to. I'm more risk-averse than I was decades ago. The leverage of each trade depends on my confidence and the risk implied by the breakout signal. Factor Trading does not expect to turn $100,000 into $1m as quickly as possible. My goal is to maintain a double-digit return every...

Haoge Apr 19, 2022

The harm of subjective transaction Self-analysis of trading also deserves special mention. One stupid mistake leads to another stupid mistake and it becomes a vicious circle. At this point, the trader learns to let go. Subjective traders in particular should let go. Subjective decisions are more likely to be negatively affected by emotions. Sometimes traders feel...

Haoge Apr 18, 2022

Discipline and patience Discipline and patience are two sides of the same coin. If a trader does not know what the signals are, he cannot have discipline and patience. You can only talk about discipline and patience if you know what reasonable trading signals are. Whether a deal makes money is not the deciding factor in whether a deal should be done. I don't...

Haoge Apr 17, 2022

I hate being slapped left and right in the market, buying at the top of a range, selling at the bottom. I hate false breaks, I hate making the right moves but losing money up and down -- that can happen if I stop out on a bull weakness, chase higher on strength, and stop out on weakness, and the cycle continues. Even in the gold market's $20 range, I could lose...

Haoge Apr 16, 2022

Traders often make the mistake of taking profits too early and taking losses too late. Why is that? Because they have no incentive to follow the trading rules. They knew the rules but did not use them to trade. If you trade on a 1 to 3 risk/reward ratio, the average gain on each trade should be at least three times the loss. However, when the ratio changes to...

Haoge Apr 15, 2022

A stop is the only logical escape Emotional discipline is a tool that allows you to manage your emotions and choose the best course of action without being forced to accept coercive reactions -- it gives you the willpower to carry out your knowledge. Willpower to perform represents the ability or power to carry out a set of action plans with specific goals....

Haoge Apr 14, 2022

Discipline is above all If a market offers good profits, you may be tempted to stay in that market. Greed almost demands that you re-enter the market immediately for fear of losing profits. When I'm in that mood, I need to remind myself that there are new opportunities next week, next month, next year. Discipline: Once I exit one market, I need to look for...

Haoge Apr 13, 2022

The agony of unwinding Of all the aspects of trading, this is the one that bothers and stresses me the most. The most difficult part of trading, in my opinion, is dealing with orders that immediately move in the direction of the trade. I was losing sleep over the challenges of trading. Every time a list comes up that can be traded immediately after entering the...

Haoge Apr 12, 2022

Consecutive losses The subjective trader easily becomes irritated by a series of losses in a particular market, believing that the market owes him something. This is a very bad state of mind. Forcing yourself to recover losses from the same market is a very dangerous operation. I walk this cycle at least once a year. I have to keep reminding myself that there are...

Haoge Apr 11, 2022

Common transaction details Burr quotation Drawing morphological boundaries is not a strictly accurate science. In fact, the market doesn't care where I draw the boundaries. There is nothing magical about geometric boundaries of form. Ideally, a secondary or intermediate high/low connection will then provide perfect boundaries, but this is the exception and not...

Haoge Apr 10, 2022

There are two different sets of trading methods that have the same trading performance over the years, one with a 30% win rate and the other with a 70% win rate. Excuse me, which one will you choose? Two-thirds of professional traders opt for the former; Almost all novices choose the latter. Why the difference? Professional traders understand something that...

Haoge Apr 9, 2022

How do successful traders of odds become 1- Peace of mind, low-key goals This is a conservative trader: set low annual earnings targets and settle for more than 20 per cent; Do not want to have large fluctuations in capital equity; Leverage in real trading is a third of what it was when he was younger. 2- Relatively pure theory and method Three types of people...

Haoge Apr 8, 2022

There's always something you can't think of that will make you lose money. There's a song that says, "There are 50 ways to leave a loved one," and there are at least 50 ways to lose money. The purpose of trading rules is to trade with as much objectivity and consistency as human nature allows. Without trading rules, your wishes may dominate trading decisions,...

Haoge Apr 7, 2022

What is the trend? What is their amplitude usually? How long do they last? Dow defines three concurrent trends (short-term trends, lasting from a few days to a few weeks; Medium term trend, lasting from weeks to months; Long-term trend, lasting from months to years) I grouped the historical price movements of the Dow Jones Industrial Average and the Dow Jones...

Haoge Apr 6, 2022

How can trends and changes in trends be predicted based on monetary and fiscal policies? The wavy movements that affect the economic system, followed by booms and busts, are the inevitable result of continuous attempts to expand credit and reduce market gross margins. There is no way that the boom created by expanding credit can avoid its eventual collapse. The...

Haoge Apr 5, 2022

We define a huge deficit as an unnecessary variation in judgment. The deviation is the average, common probability, and the great deficit is the variation of these errors. Huge losses are a universal problem and should be of concern to anyone making professional judgments. Tips: Investment variation, tears please note!

Haoge Apr 4, 2022

When you're cognitively relaxed, you're likely to be in a good mood, so you like what you see, you trust what you hear, you trust your intuition, and you feel comfortable and familiar. At this point, your thoughts may also be relatively random and superficial. When you're nervous, you're more likely to be alert, suspicious, put more energy into your hand,...

Haoge Apr 3, 2022

He was called a "financial devil" by former Malaysian Prime Minister Mahathir Mohamad He was described by Al Jazeera as "a Wall Street minority." He was "a financial and philosophical explorer", for he once quipped that "if you will not call me a philosopher, at least do not call me a financier". George Soros shares his philosophy on investing. Investment...