After a long time of trading, you will gradually discover the importance of the trading plan. How to fight against greed and take profit reasonably is bald, unhappy when you sell, and you are not happy when you lose money. This article mainly expounds some views, welcome to discuss. The content of the article is not necessarily advanced, it is mainly a review and arrangement of personal experience.
This article is only a record of personal investment thinking, does not constitute any investment advice, the pattern is different, the position is different, for reference only
The importance of the trading plan is self-evident, but in practice, many people do not do this work at all, and they all act at the opening of the market. Before I bought it, I thought it would definitely go up. After I lost money, I panicked and thought about cutting the meat. So planning before trading is critical. You might have a bunch of reasons why you don't plan. But I also have many reasons to suggest you make a plan. I have seen before that some companies will make some project execution plans. I thought that the execution plan is just a plan, but after reading these plans, I have to sigh, why do some companies say that some companies are invoiced and the execution of a project The plan can be detailed enough to write down all the situations, and write out the possibilities and countermeasures in detail. And it is intimate, after one step, just click the button, I believe that many people have actually used this document.
Then if we are in the process of trading, if we can make a detailed plan for our daily transactions, and through long-term accumulation, we can better improve the personal trading model in the future review process. It can be seen that The thinking at the time, seeing the problem, was the best record of one's abilities and the best way to improve one's trading habits. Although many people plan in their brains, good memory is not as good as bad writing, and once a bad situation is encountered, the brain will habitually escape.
In the past, I didn’t have a very obvious perception of trading plans, but as I know more and more bigwigs, I found that many bigwigs have clear trading plans, such as what to trade every day, which target to buy, reasons for buying, and buying The entry direction, how to stop profit and stop loss, position control, etc., all have detailed plans. Later, I slowly discovered that if you make a detailed plan before each transaction and fully consider various situations, then you will encounter It is more natural to deal with different situations. Once you have fully analyzed all possibilities, trading is just executing the plan and validating the perception.
Trading plan, greed and discipline are closely related. Without a trading plan, the operation will be very random. If you have a trading plan and you still operate at will, it means that the individual execution is not in place. This problem cannot be solved, only Say either there's something wrong with your plan, or there's something wrong with you. Or maybe your trading plan didn't take this into account.
I think the problem of greed is difficult to solve. I can only say that we should predict some potential situations in the trading plan, and then set different operation plans for the corresponding situations.
Here is an extreme example to illustrate, why use extreme examples, because only extreme examples can test the reliability of the plan. But from another point of view, if your plan can only deal with extreme situations and is usually a mess, there are no users. For cases with a relatively low probability of occurrence, a lower length is given, but it must be considered, because extreme events do not occur often, and once they occur, the consequences will be very serious.
Hong Kong stocks fell sharply in March this year, which is the trend of the Hang Seng Index from March this year to the present. Here are some personal trades for dealing with extreme situations
If I am very unlucky, I have bought $200 in the south and longed the Hang Seng Index (07200.HK)$ the day before the Hang Seng Index fell below the middle Bollinger Band. This is very bad luck.
1. Although the index fell continuously on the second and third days, I would not panic, and may even increase positions. This is to deal with the trend of range fluctuations, but I usually do more trend transactions, so I go against the trend Restocking is less. This is basically not considered.
2. With the continuous decline, I will consider whether to cut the meat. On the fourth day, the index fell directly to the lower Bollinger Band, and the fifth one went sideways for a day. At this time, I might have to fluctuate sideways, because even on this day, it did not fall below the previous low, but from In terms of my trading experience, I have oscillated at this position many times. If I can’t hold it this time, it will definitely continue to fall, especially if I am twice as long as the Hang Seng Index. Once it plummets, it will definitely is very passive.
3. On the fifth day, the index fell again, and the decline was not small. It was already near the low point of the previous period. With a cautious attitude, I will cut off this list directly. These are some personal opinions.
If I am very lucky, I bought $200 in the south and shorted the Hang Seng Index (07500.HK) $ the day before the Hang Seng Index fell below the middle Bollinger Band. This luck is very good.
1. On the second day, the index fell below the middle track. In fact, it has been proved that the buying is correct. If it continues to fall on the third day, then continue to hold, because even if the range fluctuates, it will at least fluctuate to the lower track of the Bollinger line.
2. The fourth day falls to the lower track, and the fifth day goes sideways. I may make some position adjustments, such as selling a quarter. But on the sixth day, it continued to fall. At this time, I would not go, because once I bought the right trend, I would be more greedy, especially when the continuous gap fell along the lower track of the Bollinger Band. Before deviating from the Bollinger line, it is possible to do some small reductions, but only when the daily line deviates significantly from the K line, I go back and do a large reduction. Once there is a violent rebound, such as this, the news surface is superimposed on the technical surface, and the position is cleared directly. Just leave.
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The above are purely personal opinions. Although this is the plan, in the face of a plummet, even if you do the right direction, the contradiction between profit-taking and greed is very obvious, and you are afraid of selling and rebounding suddenly. It is difficult to choose, it can only be said that it is constantly tempered through personal experience. Of course, the most important thing is to have a normal mind. There are always opportunities. If you sell it, you can sell it. You can earn less money, and don't mess with your mentality.
Investing is a struggle with ego, especially mentality, discipline, greed, etc. Only after more tempering will it become more indifferent. For example, if you make Tesla's options, even if it is sold out that week, it needs to be very painful, no need, there are really too many opportunities.
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