如何从新手迅速成熟起来 (ZZ from trader168)

oldfairy

Post subject: 如何从新手迅速成熟起来  (by highlander)

 

Just based on my own experience. 1. Understand the basics of financial market related to trading, including the following topics equities futures derivatives (options) currencies bid ask (offer) market maker order types exchanges You can do so by reading: -> read the education page of Ameritrade -> CME website -> CBOE website -> SEC website -> Google any term you do not know, usually you can find it on Wiki 2. Establish 一个辩证唯物的市场观. (1) Market is Fair I personally strongly disagree that there is a MM (market maker) can manipulate the market. This, however, does not exclude the use of a single entity as your adversary to build a model. Always remember one thing: Market is fair. If someone is trying to sell down the market at a discount, someone is buying at that time at a discount. (2) Why there is a market for equities, futures and derivatives Understanding this question is important, as it is the basics to answer the next question (3) (3) How the financial market moves (3a) is there some underlying dynamics that governs its movement? (3b) if no, is certain phenomenlogical correlation? (3c) Here comes the usual preach of fundamental analysis (FA) and technical analysis (TA). (4) Now you know how the market moves, so you just move ahead of the curve (4a) If you earn money, go back to (3) to strengthen your point of view (4b) If you lose money, go back to (3) to modify your point of view. (4c) Axiom 1: If you can always profit from short term trading, you can earn money in long term. (4d) Axiom 2: If you consistent lose money, make sure to trade the inverse of your strategy. (4e) Axiom 3: If you still lose money, either the market changes or the finanical market is designed to take money from you (not the general you, the only you) (to be continued/modified)