My experience as a professional trader for the past 7 years

GOOGLE翻译
My experience of seven years manipulator (change)
Source: 10-05-03 19:15:31 cursory reading of people

September 10th, 2009 by nyse
I was more than seven years of manipulator of the process, the summarized some lessons learned, I think will tell those right manipulator Gupiao interested people Yiding of reference.


The first is to learn and learn again.
Whether to do any work, must learn the relevant expertise. From regular activity performed, the many professional books and learning materials are helpful to the manipulator. I still maintain two or three weeks on each of the habit of reading a book, because I think that all the books about my work can I learn something new. Trader work with other industries, is constantly evolving forward, we can only continue to add new knowledge to keep up with the pace of manipulator.


Second, we must learn to think independently.
In the manipulator of the early, I found that they have a great tendency ： easily credulous theory. Perhaps because their confidence level is not enough, so whenever I hear the so-called experts and expert analysis and theory, I would be very easy to accept. In fact, this is not a good way. Trader style everyone is different, so one must learn to have their own independent way of thinking and operating methods. If you listen to each expert's opinion, that often end up with nothing.


Article III, manipulator must learn from the actual combat.
"Paper come Zhongjue shallow, notes this line to Christine." Some people like to watch a lot of research on the many, many theories, but only on paper, once into the actual combat, they do nothing.
Is like learning to drive, no matter how many lessons you on, how many read the book and learned how much the driving theory behind the wheel if you do not really control the car, then probably never learn to drive, but can not face complex traffic situations. Only by driving down the road, drive a car you will know what kind of feeling and continue to improve their driving skills.
Early in the manipulator, manipulator of novice should try to do transactions, but the amount of each transaction should be relatively small. Opportunities for novice error is relatively much smaller number of shares to do, the less the risk. But a lot of practice must be, if not a lot of actual combat, it is impossible accumulated precious experience in actual combat, impossible to really learn the more complex skills. "Standing on the shore into the water who do not never learn not swim." That's the truth.


Article IV, must learn to control your mind.
Patient, and must have discipline. In real good opportunities arise, to take more decisive action, and not good at not considered before, to take a more reckless action. Discipline is the most important principle operator instead. Should know when to buy, when to sell, once the deviation of the sample should be how to control their own risk. If you buy the right, but also pay attention to discipline, do not take any profit, but too early to sell a good stock. This is a more difficult control problem. But with the continuous extensive practical experience, Trader will continue to improve their discipline. Manipulator of stocks in the final analysis the simplest one is when you lose money, to minimize losses, will lose money to sell the stock as soon as possible, and when you make money, you should try to make money in the stock for you to earn more money, do not to make money for you to sell the stock prematurely. This sounds very simple, but the actual doing it is very difficult.
I manipulator with more than seven years of experience and observation, found that almost 7% 80 manipulator of the failure of novice do this one because they did not fail. A mistake in buying a stock, they blindly hope that the stock will rebound, some people will continue to pursue buying the stock doubled, so his loss will be more and more. Although sometimes the whereabouts of the stock will rebound, but this is not a very high probability, if the stock all the way down, then you can not recover the loss.
It was like driving through a red light. You save time, speed up the car, break through the red light. While this saves time for you, or you are not the police see red light, it did not cause any accidents. However, your heart should realize that you ran a red light more often, and always will be the police to seize, or cause accidents and sometimes even gave orders to catch. Buy stocks that are already losing money, and even double tracking to buy the equivalent of driving through a red light. While not necessarily dangerous situation every time, but once there, the same would be fatal. We all understand that if you drive always running red lights, then life is in danger, a huge car accident always waiting for you in the near places.
Virtually every person faced the greatest difficulties, or the stock market before the biggest enemy is not, nor choose a stock, but the heart within each person's self-concept. Everyone has a self within the heart, when we looked at the financial news, analysis done or hear other people's views, the choice of stocks will have a certain prejudice. However, only the dynamic real-time stock market is the only basis for our decisions, not make a first self-opinion about our minds.
Experienced operator instead, have the experience, is the manipulator when the self-concept must not be allowed to decide everything. Each one's inner self often leads us to make unwise decisions. When we buy a stock making money, the inner self makes us very quickly to make money selling stock. Fear of immediate visible profits evaporated. However, when we lose money, the inner self are often reluctant to admit he made a wrong decision, many users have continued to the reason not to sell the stock, then Nage inner self will say, as long as I do not to sell the stock, I would not lose money, the stock will be rising up. In fact they are deceiving themselves. Any one stock, the closing day of the end of the price represents the value of it all now. If you do not sell, and you had to buy the price is higher than current prices, it is that you have paid with so much money. Without any law of a stock's price down after, but also to re-up back, a person can not guarantee this. Very strong sense of self and those who will not admitting any mistakes, even if they buy the stock has fallen very powerful, they must also bear in a firm grip on the one that came out as if to seize. Once you lose money on the price of the stock to sell, is equivalent to admit that they made a mistake. In fact, this is a very undesirable idea. Anyone who bought stocks, are not one hundred percent to the right, there is always a lot of time to lose money. The problem is losing money as necessary to lose money when the amount of control to the smallest range, when you try to earn money, the end result can make you a winner in the stock market.


Article V, to start learning manipulator Do not anxious to start small-scale manipulator.
Many people, myself included, are easy to commit a mistake that beginners start when the number of transactions too. Regular activity performed in the first year, when there are many days in a row a month to maintain the profitable performance, I would rather complacent, feeling that he should win the expanding volume of transactions, to earn more money. I do 300 shares per transaction, a sudden jump of 500 shares of 2,000 shares per transaction to do. My decision proved to be very childish and absurd, I soon began to decline trading performance. Each operator instead, he's trading levels are not always stable at a level on. Sometimes better and sometimes worse if some of the time, I was at the beginner stage, so I should know my level will fluctuate greatly. But I suddenly increased the volume, added to its additional psychological burden, Now the other day I came a cropper. Experienced that frustration, I've been chastened. Every time I add a 200 shares, for a whole a few months later, began to trade 2000 shares for each level.


Article VI, is to follow the trend of the stock market and not go against the stock market, if the stock market is up, we buy, if you fall, we sell.
This is actually a very simple truth, but many people like to predict when the stock market reached Feng Jian, when the stock market fell to the bottom valley. In fact this is very dangerous. If someone can predict when the stock market is always right to reverse, then he would have made a fortune. In fact no one has this power. The vast majority of Trader, the Trader stock a bit like a sail in a river in, if you follow the water, you would be more smooth, without effort can cleave the waves, but if you want to upstream, you have to do full, mess it would capsize.
I remember once a very high level of the manipulator to ask regular activity performed in secret. He gave me a very simple reason I would, but I have great inspiration. He said the stock is not difficult to do, you just quietly observe, do not always want to find out what to buy when to sell when the wonderful ways. In fact one can predict 100% of the stock or the stock market dynamic is non-existent. We need to do is always observed the development of the stock market, followed by stock market situation to go. When you make the wrong decision, the manipulator computer will show that we lose money, and this time, he should promptly withdraw, will lose money in the stock to sell. But many people are not to operate in accordance with this principle. Really able to overcome the self, reject their own subjective opinions are very small, so in the stock market can be highly successful people is very small.
Manipulator from my own years of experience, to really be able to complete self-control is indeed very difficult, although I am well aware of this problem years ago, but in practice until today, I found myself still in the time and the inner self when trying to make the fight. Completely rule out the subjective views of themselves, it is very difficult. However, we can realize that as long as the seriousness of this issue, we have been in the right direction on a major step forward. Many roads in the pursuit of success, have all gone through such a process, that is, from the outset to find the secret of success everywhere, always want what one can tell us a key to success. Finally, we will realize that this secret is not in the hands of others, but in our own minds, in our own hearts. Our biggest obstacle to success is ourselves. We need to overcome the greatest enemy is ourselves. As long as we do not expect to find from someone else's so-called golden key to the door to success, then success will smile to us in the not far away.


Article VII, better learn to control mood fluctuations. The face of the vagaries of the stock market, to keep a cool head, and emotional stability is extremely important.
In the fierce fighting in the stock market, Trader to do many transactions per day, which earned a compensation, there are winners and losers, the so-called borderline is standard issue. However, how to control their emotions, calm and stable mind and a cool head, which is critical for each Trader, and it is difficult to achieve. Each operator instead, even the more experienced professional operator instead, in the final analysis is still a mortal, has a mortal emotions, there are a variety of emotions, manipulator when faced with different situations inevitably produce emotional fluctuations, thus affecting their normal level of play manipulator. Learning regular activity performed at the beginning, I found myself vulnerable to the emotional outcome of each transaction interference. Money and are happy to get lost when they lose money very upset and frustrated, and sometimes even Dadongganhuo.
But there are also individual operator instead, they are always very calm, on the face do not see that they are making money or losing money, it seems that nothing happened, even if the pay large profits they can always handle their own emotions. I am envious of such a psychological quality. In this regard, I spent a lot of the effort, read many psychology books, learn how to adjust themselves, smile on the stock market situation with a sense of normalcy. I also admire many aspects to the manipulator that I ask to control their emotional skills and experience. Gradually I was able to calmer face good or bad situation, respond to changing market conditions. Whether any kind of work, especially in industries with higher competitive pressure, to achieve a high level of skills, control their own state of mind, always keep a cool head and calm mind is very important, these are a master must Psychological Qualities.
After many years of manipulator of actual combat and the constant psychological adjustment, I summarize a set of methods to deal with various mental states under extreme circumstances.
When I was done very smoothly, feel a bit smug, I told his ： Trader on this line the probability theory is just a game, well think about it when the time is not how to do a smooth appearance. In addition, I reminded myself, no matter how good you are doing now, Mountains Beyond Mountains, there is day, in the same industry with high levels than I do not know how many grand masters, who not only experienced than me, they manipulator performance also far better than me, so I had nothing to be proud of. I also told myself that if I self-righteous, then it is very likely to lead to mistakes they have committed not to when it will regret forever.
When the manipulator of the results unsatisfactory, they often doubt their abilities, confidence will be greatly reduced due to hit. When I feel like I have such mental state, I reminded myself ： like to make money is part of the performance of the manipulator, losing money is also a standard issue does not affect my overall manipulator of skills, there is no need to lose our confidence.
Another thing I like the Trader and professional sporting events to compare, say, basketball, the world's highest level is the United States Basketball League NBA, but the greatest NBA player is known as the world's greatest player of Michael? Jordan, his status in the American mind, and God simply on the same. But his pitch hit rate of only 40%, meaning that each vote, 60% of a ball may not hit his pitching success rate is lower than the rate of his defeat, but this has not affected him the world's most great basketball star. In the NBA basketball game, a basketball career master's shooting percentage is generally 30 to 40%, but a great star will not hesitate at the critical moment shots have a chance to score a shot so do not China does not mean he is not a good player, a 100% shooting in practice does not exist. Sometimes I said to myself, as I like, like Jordan and Kobe Bryant basketball star, who sometimes shot 10 times in a row, the situation is not goals, not to mention me as a Trader for some time not an easy task. Think I would feel more emotionally calm.
I once saw an ad in the United States, is a basketball superstar Michael Jordan did in the ad he was simply stating his basketball career in a variety of failure, he cited the hundreds of times before the end of the match the most critical time shot missed completely a result of his team lost the game, he still has thousands of times other cases,ck trading the mistake should not be committed, resulting in his team's performance is not satisfactory. However, that last sentence of the ad is "These losses is the reason for his success." I want the ad to our educational experience that no matter what our situation is not smooth and setbacks, we can not give up. Only persistent, believe in yourself, in the time to redouble our efforts did not go well in order to become who laughs last.
我的七年操盘经验(转)
来源: 走马读人 于 10-05-03 19:15:31 [档案] [博客] [旧帖] [转至博客] [给我悄悄话]





九月 10th, 2009 by nyse
我在七年多的操盘过程中，总结出了一些经验教训，我想会对那些对操盘股票感兴趣的人有一定的借鉴作用。


第一条，就是要学习学习再学习。
不管是做任何一项工作，都必须学好相关的专业知识。从做股票来说，许许多多的专业书籍以及学习材料，都是对操盘有帮助的。而我至今仍然保持著每两三个礼拜就看一本新书的习惯，因为我觉得所有的有关我工作的书籍都能让我学到新的东西。操盘工作与其它行业一样，一直在不断地向前演变，我们只有不断地补充最新的知识，才能跟上操盘的步伐。


第二条，必须学会独立思考。
在操盘的初期，我发现自己有一个很大的倾向：很容易轻信别人的理论。也许是因为对自己的水平还不够自信，所以每当听到所谓专家以及高手的分析和理论，我就会非常容易地接受。实际上这不是一个好的方法。每个人的操盘风格都是不同的，所以一个人必须学会有自己独立的思考方式以及操盘方式。如果听信每个专家的意见，那最後往往是一事无成。


第三条，操盘必须从实战中学习。
"纸上得来终觉浅，须知此事要恭行"。有的人喜欢看很多书，研究很多很多理论，但只是纸上谈兵，一旦进入实战，便束手无策。
就像学习开车，不管你上了多少堂课，看了多少本书，学会了多少有关驾驶的理论，假如你不坐在方向盘後面真正操纵汽车的话，那恐怕永远也学不会开车，更无法面对复杂的交通状况。只有开车上路，你才会知道驾驶汽车是什麽样的感觉并不断提高自己的驾驶技能。
在操盘初期，新手应该尽可能做操盘交易，但是每次交易的数量应该比较小。新手出现错误的机会相对比较多，做的股票数量愈小，风险也愈小。但是必须要进行大量的实践，如果没有大量的实战，就不可能积累弥足珍贵的实战经验，也就不可能真正学会这一比较复杂的技能。"站在岸边不下水的人永远也学不会游泳。"也就是这个道理。


第四条，必须学会控制自己的心态。
有耐心，也要有纪律性。在真正的好机会出现时，采取比较决断的行动，而不要在没考虑好之前，就采取比较轻率的行动。纪律性是操盘手最重要的原则。应该知道什麽时候买进，什麽时候卖出，一旦出现偏差，应该怎麽样控制自己的风险。如果买对了，也要讲究纪律性，不要贪图小利，而过早地将一支好的股票卖出。这是一个比较难以掌控的问题。但随著实战经验的不断丰富，操盘手会不断地提高自己的纪律性。操盘股票说到底最简单的一条就是当你赔钱时，要尽量减少损失，将赔钱的股票尽快卖掉，而当你赚钱时，要尽量让赚钱的股票为你赚到更多的钱，不要把在为你赚钱的股票过早卖掉。这听起来是非常简单的，但实际做起来却是非常之难。
凭我七年多的操盘经验和观察，发现几乎百分之七八十操盘失败的新手都是因为没有做好这一条而失败。在买错了一支股票之後，他们一味地希望这支股票会反弹，有的人还会不断地加倍追买这支股票，这样他的损失可能就会越来越大。虽然有的时候下落的股票会反弹，但这样的几率并不是很高，如果股票一路下跌，那麽你的损失就无法挽回了。
这就如开车时闯红灯。你为了赶时间，加速开车，闯过红灯。虽然这样为你省了时间，或者说你闯红灯没有被警察看到，也没有造成任何车祸。但是，你心里应该明白，你闯红灯的次数多了，总是会被警察抓住，或者是造成车祸有时连命都给搭上。买那些已经在赔钱的股票，甚至加倍追买，就相当于开车闯红灯。虽然不见得每次都会出现险情，但一旦出现，这种情况也将会是致命的。我们大家都明白，如果你开车总是闯红灯的话，那麽生命危险、巨大车祸总会在不远的地方等著你。
实际上每个人面对的最大的困难，或者说面前最大的敌人不是股市，也不是选择哪一支股票，而是每个人内心里的自我观念。每个人内心里都有一个自我，当我们看了金融消息，做了分析研究或者听到别人的意见後，在选择股票时都会产生一定的成见。但只有股市即时的动态才是我们做出决定的惟一依据，而不能让先入的自我之见左右我们的头脑。
有经验的操盘手，都有这个体会，就是操盘时绝不能让自我观念决定一切。每个人内心的自我往往导致我们做出不明智的决定。当我们买进的一个股票在赚钱时，内心的自我会让我们很快就把赚钱的股票卖掉。生怕眼前看得到的利润化为泡影。但是，当我们赔钱时，内心的自我往往不愿意承认自己做了一个错误的决定，就不断地寻找各种各样的理由不要把股票卖掉，那时那个内心的自我会说，只要我还没有把这支股票卖掉，我就没有赔钱，这个股票还会涨起来。实际上这只是自欺欺人。任何一支股票，当天的收盘结束，它的价格就代表了它现在所有的价值。如果你没有卖掉，而你当初买进的价格高于当下价格的话，那就是你已经赔掉了这麽多的钱。没有任何一项法律规定一支股票的价格下跌了以後，还要重新涨回来，任何人也无法担保这一点。而那些自我感非常强的人，就会死不认错，即使他们买进的股票已经下跌得非常厉害，他们也要紧抓住不放，好像抓住了一根救命草。因为一旦将这支股票以赔钱的价格卖掉，就等于承认他们犯了错误。实际上，这是一种非常要不得的想法。任何人买股票，都不可能百分之百地正确，总是有相当多的时候要赔钱。问题是，赔钱时尽量要把赔钱的数量控制到最小的范围之内，在你赚钱的时候尽量多赚，最後的结果才能使你成为一个股市的赢家。


第五条，开始学习操盘时不要急于求成，从小规模的操盘开始做起。
许许多多人包括我自己在内都容易犯的一个错误是，初学的时候初始交易的数量太大。做股票第一年的时候，有一个月连续很多天都保持了赚钱的业绩，我便有点沾沾自喜，觉得自己应该乘胜追击扩大交易额，赚取更多的金钱。我从每笔交易做300股、500股一下子跳到每笔交易做2000股。事实证明我的决定是非常幼稚可笑的，很快我的交易业绩开始下降。每个操盘手，他的交易水平都不可能永远稳定在一个水准上。有的时候会好一些，有的时候会差一些，而我当时正处于初学阶段，所以我应该明白我的水平会波动很大。但是我一下子加大了交易量，给自己又增加了额外的心理负担，不多久我就栽了跟头。经历了那次挫折之後，我就学乖了。每次我只增加一两百股，整整过了几个月之後，才开始达到每次交易2000股股票的水准。


第六条，是我们要顺著股市的大趋势走，不要和股市作对，如果股市在上升，我们就买进，如果在下跌，我们就卖出。
这其实是很简单的道理，但是许许多多人都喜欢预测什麽时候股市抵达峰尖，什麽时候股市跌至底谷。事实上这是非常危险的。假如有人能够总是正确预测什麽时候股市要扭转的话，那麽他早就发了大财。实际上谁也没有这样的力量。对绝大多数操盘手来说，操盘股票有点像在一条大河中开船，假如你顺著水流，你会比较顺利，不用费力就可以破浪前进，但如果你要逆流而上，你就要竭尽全力，弄得不好还会翻船。
记得有一次我向一位水平非常高的操盘手请教做股票的秘诀。他给我说了一席道理非常简单的话，但对我有非常大的启发。他说，要做好股票其实不难，你只要静静地观察，不要总是想找出一个什麽时候买进什麽时候卖出的绝妙方法。实际上一个能100%预测股票或者股市动态的方法是不存在的。而我们要做的只是时刻观察股市的发展，跟著股市发展的形势走。当作出错误决定时，操盘电脑就会显示我们在赔钱，而这时候就应该及时退出，将赔钱的股票卖掉。但是许许多多人都不能按照这一原则去操作。真正能够战胜自我、否决自己的主观意见的人非常少，所以在股市中能获得极大成功的人也非常少。
从我自己多年的操盘经验来看，要真正做到能够完全的控制自我，确实是非常困难的，我虽然好多年前就意识到了这个问题，但实际上直到今天，我发现自己还是在时时和内心的自我作著艰难的抗争。完全排除自我的主观意见，是非常困难的。不过我们只要能意识到这个问题的严重性，我们就已经向正确的方向迈进了一大步。许多人在追求成功的道路上，都经历过这样一个历程，那就是从一开始就到处寻找成功的秘诀，总希望有什麽人能告诉我们一个致胜法宝。最後我们会意识到这个秘诀不在别人手里，而是在我们自己的头脑里，在我们自己的内心深处。而我们获得成功的最大的障碍也是我们自己。我们需要战胜的最大的敌人也正是我们自己。只要我们不再指望从别人手里找到所谓成功之门的金钥匙，那麽成功就会在不远处向我们微笑。


第七条，学会控制好情绪的波动。面对变化莫测的股市，保持冷静的头脑和稳定的情绪是极其重要。
在激烈的股市搏击中，操盘手每天要做许多笔交易，其中有赚有赔，有输有赢，所谓胜败乃兵家常事。但是，如何控制自己的情绪，保持平静稳定的心情和冷静的头脑，这对每个操盘手来说都是至关重要的，也是难以做到的。每个操盘手，即使是资历较深的职业操盘手，归根到底仍然是个凡人，都有凡人的七情六欲，都有各种各样的情绪，操盘时面对著不同情况，都难免产生情绪上的波动，由此而影响自己操盘水平的正常发挥。在刚开始学习做股票时，我发现自己的情绪极易受到每笔交易结果的干扰。赚钱了高兴地找不著北，赔钱的时候又极其懊恼和沮丧，有时候甚至会大动肝火。
但是也有个别的操盘手，他们始终都非常镇定，从表面上根本看不出他们是赚钱还是赔钱，似乎什麽也没有发生，即使大赔大赚他们也能始终克制自己的情绪。我很羡慕这样的心理素质。我在这方面花了不少的功夫，看了许多心理学方面的书籍，学习如何调适自己，用平常心笑对股市风云。我也多方面向我所敬佩的操盘手请教控制自己情绪的技巧和经验。渐渐我能够比较平静地面对或好或坏的局面，应对股市瞬息万变的情况。不管从事任何工作，特别是在竞争压力较大的行业，要达到比较高的技能水平，控制自己的心理状态，始终保持冷静的头脑和平静的心态都是非常重要的，这些都是一个高手必须具备的心理素质。
经过许多年的操盘实战以及在心理上的不断调适，我总结出了一套方法来应对各种极端境况下的心理状态。
当我做得非常顺手，自己感到有点飘飘然时，我就这样告诫自己：操盘只是一个符合概率论的游戏，在顺利的时候想一想当不顺利出现时该怎麽办。另外我就提醒自己，不管现在自己做得有多好，山外有山，天外有天，在同一行业中比我水平高的操盘高手不知有多少，他们不仅比我经验丰富，他们的操盘业绩也远胜于我，因此没有什麽值得我骄傲的地方。同时我也告诫自己，如果我自以为是的话就很有可能导致自己犯下不应犯的错误，到时就会追悔莫及。
当操盘结果不尽人意的时候，往往会怀疑自己的能力，自信心也会因遭受打击而大大降低。当我感觉自己心理出现这些状况时，我就提醒自己：就像赚钱是整个操盘表现的一部分，赔钱也是兵家常事，并不影响我的整体操盘技能，因此没有必要对自己失去信心。
再就是我喜欢把操盘和职业体育比赛作比较，比方说打篮球，全球最高水平的篮球联赛是美国的ＮＢＡ，而ＮＢＡ中最伟大的球员是被称为全世界最伟大的球星的迈克尔?乔丹，他在美国人心中的地位简直就和上帝一样。但是他投球的命中率也只有４０%，也就是说他每投一次球有６０%的可能无法命中，他投球的成功率要低于他的挫败率，但是这并没有影响他成为世界上最伟大的篮球明星。在ＮＢＡ的篮球比赛中，一个篮球职业高手的投球命中率一般都是在３０～４０%左右，只是一个伟大的明星能够在关键时刻毫不犹豫地出手投篮才有机会进球，因此一次投篮不中并不代表他不是一个好的球员，100%的投篮命中率在实际中是不存在的。有时候我也对自己说，就像我所喜欢的乔丹和科比这样的篮球明星，他们有时也会出现连续投篮１０次都不进球的情况，更不用说我作为一个操盘手会有一段时间不顺利了。这样想我就会感觉心情比较平静。
我曾经在美国看到一则广告，是由篮球巨星乔丹做的，在广告中他很简单地陈述了自己在篮球生涯中的各种失败，列举了他有几百次在球赛结束前的最关键时刻投篮没有命中而导致他的球队彻底输掉了比赛，他还有几千次其他情况下犯下了不该犯的错误，导致他的球队的成绩不太理想。但是，那则广告的最後一句就是："这些失利正是他成功的原因。"我想这则广告给我们的教育意义就是不管我们遇到什麽不顺利的情况和挫折，我们都不能放弃努力。只有坚持不懈，相信自己，在不顺利的时候加倍努力，才能成为笑在最後的人.