After so many years of working in the industry, whether you are a newbie or a well-known industry expert, everyone is keen on doing one thing: predicting the market. During the eight years I worked at a securities company, 80% of the questions I received every day were about how XXX’s stock will move tomorrow. Will the market rise or fall tomorrow? I can only pretend to tell clients that there is support here, there is pressure there, the valuation is too high, and then spit out the words PE (TTM). In fact, I really don’t know the future situation. I’m just trying to make a living? The longer I spend time in the market, the more I am in awe of the market.
It is absolutely true that traders without opinions are the best traders.
Traders who have no opinions does not mean that they absolutely have no opinions, or that their opinions are not the opinions expected by investors. Their point of view cannot be expressed in terms of long or short, rising or falling. Their no point of view is essentially a point of view. No point of view is just a representation, a state of trading.
A trader without a point of view puts himself in the market and integrates himself with the K-line. The trader is the K-line, and the K-line is the trader. His decisions and actions are highly similar to the K-line.
From another perspective, if he really has no point of view, should he go long or go short? Should you buy, sell, or hold a position? If these views are not available, how can there be a transaction?
In fact, there is no point of view here. It means no subjective guessing about top and bottom buying, and no speculation about trend reversal. When the trend is up, they say it is up, when the trend is down, they are said to be down, and they just say whatever the market goes. Therefore, they appear to have "no point of view." The trend of the market is an objective fact. The narrative writing technique used here is not the argumentative writing technique.
In fact, they are the ones who truly understand the essence of the eight words "Follow the market and go with the trend".
The essential meaning of having no point of view means that traders do not predict the market, follow the trend, do not compete with the market, focus on the present, and make the right decisions and operations at the right time. .
1. Not predicting the market
The stock god Warren Buffett once said a classic saying: Predicting the short-term rise and fall of stocks is a foolish act! There are only two people who can know whether a stock will rise or fall tomorrow: one is God, and the other is a liar.
At the same time, investors often hear this saying: If you can predict the trend of stocks in three days, you can be rich as a country.
It’s obvious: the market is unpredictable.
If it can really be predicted, imagine if we only earn 2 points a day, in a year, assuming a principal of 100,000, only 200 trading days are counted in a year.
One year later: 100,000*(1+2%)^200=5.2485 million;
Two years later: 100,000*(1+2%)^400=27546.64 Ten thousand, that is, about 275 million;
.........There is no need to continue counting, as time goes by, investors will be able to own the entire galaxy.
I often hear many masters on TV, the Internet and other media claiming how magical and accurate their trading systems are. This is all deception and cannot stand the test of the market. If so, will they reveal their secrets to you?
Conclusion: The market is unpredictable. Traders without opinions know this very well. Since it cannot be predicted, of course it is not predicted. If it is predicted, it is a waste of time and nonsense.
2. Respect the market, fear the market, and go with the trend
Traders who have no opinions are traders who respect the market. They trust the market and the market’s The trend says everything. Profit is earned with your butt, not your head.
Jesse Livermore made this point profoundly. The secret of my making big money is that I often just sit quietly. At the same time, he also said that if I don't respect the market and don't follow the trend, the result will usually be a loss or even bankruptcy.
What the stock sage wants to express here is that traders should wait patiently for opportunities, not YY opportunities, and feel good about themselves. When opportunities arise, be brave and go with the flow.
For example: The GEM has experienced a rapid rise since February 3. From the perspective of valuation, the GEM has been in a bubble for a long time, even on February 3 There is a bubble when the sun starts to rise, but the whole market is hyping up the concept of chips, consumer electronics, and 5G. As a trader (remember the trader I said), the only thing you can do is to get on the bus in time and follow the trend. As for when to see you? Top, leave this matter to the gods. At the same time, as a mature and top trader, the market will remind you that you are about to peak, right?
3. Focus on the present moment and know what to do?
There is a famous saying on Wall Street: I don’t know whether the market will rise or fall tomorrow, but I know what I should do now.
Traders without opinions do not speculate on tops and bottoms, and at the same time respect the market. These are just the basic qualities of top traders. The most important thing is that they will act decisively and use real money to practice and trade.
The core of trading is to overcome one's own subjective assumptions, overcome the trader's own fear and greed, and take action at the same time. In the A-share market, many investors have expressed their regrets.
Isn’t this nonsense? The market can take care of this. If you make the right judgment at the right time but fail to take action, the market will of course punish you for being short or losing money.
It's that simple.
4. The last meaning of traders without opinions is: there are no short-term opinions, only opinions suitable for one's own trading cycle.
Becoming a master trader in stocks, futures or foreign exchange investment is what every investor dreams of. So what should ordinary investors do?
1. Define your own trading market and trading varieties
For domestic investors, the only trading markets are the three major commodity exchanges, the China Exchange and the Shanghai and Shenzhen Securities Markets. You must choose the species you are most familiar with for trading. If you understand stocks and know the operating characteristics of the market, then it is best to focus on stock trading
2. Trade stocks with active stocks
Many stocks in the A-share market have been fluctuating for decades, but they just don’t rise. This is not the prey of traders. For example, big guys like PetroChina and Industrial and Commercial Bank of China. Instead, you should trade the hottest targets in the periodic market. These targets are volatile enough and there is room for profit only if there is room for price difference, such as chips, consumer electronics, and the early concept of Internet celebrities in the recent period.
3. Stay away from market noise
Don’t read the daily reviews, let alone listen to the non-stop sensationalism of the big guys. Make your own decisions about your transactions. You are responsible for your own transactions. Respect your own analysis and intuition, and don't let market noise affect your judgment.
4. Be proficient in a certain trading skill
As a trader, no matter what kind of "weapon" or tool you use, remember that this tool must be your deepest knowledge and research. The most refined understanding and cognition rather than following the crowd. At the same time, you must be loyal to your tool, do not easily doubt the effectiveness of your tool, and effectively implement the operation signals the tool tells you.
5. Effective fund management and emotional management
Fund management can allow traders to avoid the bad ending of bankruptcy. Never fill a full position. Even if there are one or two mistakes, it will have a positive impact on the overall account. The impact is not big. Emotional management requires traders to be rational and objective. When traders feel angry, uncomfortable, or awkward, leave your trading room and go for a walk outside!
In short, traders who have no opinions do not have no opinions at all, but they respect the market more, revere the market, and live in harmony with the market. Everything looks like the natural practice of Taoism.
"The best trader is a trader without a point of view." I like this sentence very much, because this sentence can be said to point out the essence of trading. At least this is how I understand it. The dominant idea of ????the theory of "taking measures by surprise and completely classifying" coincides with each other. They regard themselves as zero phasors, just following the trend of trading, rather than influencing the future that determines the trend.
How to understand traders who have no opinions
Having no opinions does not mean that you do not have your own opinions. If you understand it this way, you are wrong. The lack of opinions here refers to the lack of subjective consciousness. , all judgments are made based on objective facts, the text explanation may be a bit unclear, it is easier to understand if we give an example.
As shown above, the two screenshots of the same trend at the same time are just one week apart. It is said in the theory that the probability of a trend ending after two centers is very high. Obviously, the above are the trends after the two centers. The difference is that Figure 1 does not form a bottom parting pattern, while Figure 2 forms a bottom parting pattern. The problem arises. If you judge the end of the trend divergence in Figure 1, you are subjective. When you go to Figure 2, The next judgment is the objective fact. Because, it is stipulated in the theory that the premise for the establishment of divergence is the end of the last stroke. Although Figure 1 shows the trend after the two pivots, there is a high probability that the downward trend will end, but it is not certain. Figure 2 gives the bottom score. This confirms the establishment of divergence, which is equivalent to increasing the probability of the end of the trend. In short, if the probability of success is 40% in Figure 1, and 70% or more in Figure 2, this is the difference.
Summary: Traders who have no opinions do not really have no opinions, but they should wait for the confirmation signal to appear before operating, so that the success rate will be higher. Do you understand this?
The best trader is a trader without a point of view. This sentence is a famous saying on Wall Street, and it is also what the master often said to me. This means that as a trader, we need to go with the trend and believe that the market is always right.
Because all analysis is based on past market trends, but market trends are uncertain. The only certain market trend is its uncertainty. Therefore, as a trader, we need to follow the trend and the market trend. , if the market is long, we will go long, if the market is short, we will go short.
An excellent trader must not have his own thoughts or thoughts. He only does long or short according to the instructions issued by the market. He will not buck the trend and die. Subjective judgment. That is to say, he will not predict or expect whether the market will be long or short, but will watch and follow the market closely.
If he selects a stock and it seems to be going up according to the market trend at that time, or it is clearly going up, then he will buy and go long, but he will also consider that the stock is also going up. It is possible that the market will fall in the next market, so he will set a stop loss based on technical analysis and leave when the stop loss is reached, instead of thinking that it will rise and looking at the analysis that it is rising, and seeing in actual operations that it will rise. It has already fallen below the stop loss level, but I still want to hold on to it, imagining that it will rise after it falls.
And if the stock he analyzed does rise according to his analysis, he will hold it until it changes the trend before selling it. He will not say to himself: "Oh, This stock has doubled several times and I am afraid that it will fall, so I want to sell it first." He will only be loyal to the market. When the market has been long, he will not go short and go against the trend. He will not try to prove that he is right, but let the market tell him whether he is right or wrong, so he summed up this famous saying: "The best trader is a trader without a point of view." The best trader You will only follow the trend faithfully, instead of deciding transactions based on your own subjective thoughts.
1. Follow the trend of the market, take advantage of the trend, and adapt to the market situation is the core of the market.
2. Only by not being fixed or solidifying your thinking can you go a long way.
3. Look at the K-line objectively, look at the market objectively, and look at yourself.
4. This is a trading path that focuses on the market, rather than on oneself.
At present, I think there are three types of traders in the market. The first type is those who have just entered the market. They follow their feelings. The prominent phenomenon is that if the price rises too much, they should go short, and if the price falls too much, they should buy.
The second type is the analytical traders, who mainly focus on analysis and prediction. They have learned a lot of theories and made the K-line chart like a spider web. They analyze clearly and logically, and open short positions at certain resistance positions. , see a certain location, etc.
The third type is the system trader, who has a clear trading rule. When the trend appears in line with his own buying and selling rules, he enters the market, and when the trend conforms to his own stop loss and take profit rules, he leaves the market.
What you are talking about should be the third type of trader. In fact, this is an advancement in the trading career. I don’t know if this type of trader is the best. Anyway, I am this type of trader. I will not do any analysis or even prediction now. What can I do if I analyze and predict something that is uncertain?
Then the question comes again, why should we trade if we are not sure? Because there is a trend in the market, this is the fundamental reason why the market can be profitable. The trend movement has certain rules. It will move along the trend line in one direction naturally and with inertia. When doing transactions, we only need to design a follow and leave rule. That's it.
So many people asked me what I thought about the trend of a certain commodity today. I said I would just sit and watch. Just kidding, I didn’t know. Later, people who knew me never asked me what I thought about the market trend again, because I Really don't know.
One last thing to add: I think the only thing that can be determined is that after the shock trend ends, it must be an upward or downward trend.
Hello, I am a creator in the field of finance. The best traders are those without opinions. Let me analyze this sentence for you.
First of all, what is a trader? A trader is a person in major institutions who is responsible for placing orders and engaging in stock trading according to instructions.
This kind of work is purely mechanical. You buy when you are asked to buy, and sell when you are asked to sell. You cannot make transactions according to your own ideas, and you must complete the instructions conveyed by your superiors in a timely and strict manner.
The best trader is one who can complete the instructions conveyed by superiors in a timely, strict and fast manner. Especially in trading, there should be no emotion and no interference from any noisy environment around him.
If you can do these things well, you may be promoted to a trader in the future. The pressure of traders is much stronger than that of traders.
This is a simple and easy-to-understand but top-level wisdom in the investment market, but it took me five years to understand this sentence. I have been in the stock market for almost 20 years. This sentence has had a profound impact on me, allowing me to completely transform into a "systematic trader" without any predictions or subjective judgments, thus embarking on the "fast track" to stable profits. System traders must have clear trading rules, enter the market when the trend conforms to their own buying and selling rules, and exit the market when the trend conforms to their own stop-loss and take-profit rules. This is the next step in your trading career.
We will not make any analysis or even prediction before, during or after the market. We need to thoroughly understand what is uncertain and analyze it to predict what it will do? What we want to follow is the determined trend of the market, because there is a trend in the market, which is the fundamental reason why the market can make profits. The trend movement has certain rules. It will move along the trend line in the direction of least resistance. System traders Just design a follow and leave rule.
This is a famous saying on Wall Street: "A good trader is a trader without a point of view." This sentence means: A truly successful trader does not assume in advance that the stock market will Which direction should he go, that is, not making predictions, but letting the stock market tell him where the stock market will go? He is just reacting to the trend of the stock market, and he does not have to try to prove that his point of view is correct.
Prigogine, Nobel Prize winner and founder of dissipation theory, believes that the deterministic evolution of a sufficiently complex unstable system can be equivalent to an unpredictable probabilistic process, which is the so-called Markov process. This statement is easy to understand. For a sufficiently complex stock market that is never stable, its deterministic evolution is an unpredictable probabilistic process.
So traders don’t have to explain the stock market, look for reasons for its ups and downs, make long-term predictions about the stock market, and ruthlessly upend our comfortable assumptions about how the world works. Failed traders may have spent 99% of their time explaining the stock market, looking for motivations, and predicting the stock market. After you understand this sentence, you don't have to do all this useless work. You should spend a lot of time looking for the inherent order or rules of the stock market. That is to say, you don’t have to explain why the market has been in the past, nor do you need to predict what the market will be in the future, but you must know what you should do now!
The best traders, because they know this very well, so their transactions are based on trend. The trend is the most real. I am bullish, but the market is going down, which means I am wrong. I am bearish, but the market keeps rising, then I am wrong. They respect the profit and loss of their positions, and they will never compete against the market trend. Therefore, in their transactions, you will never see the kind of desperate resistance because they refuse to admit defeat.
Livermore once said: "The difference between gambling and investing is that the former bets on market fluctuations, while the latter waits for the inevitable rise and fall of the market. Gambling in the market will lead to bankruptcy sooner or later. of". The essence of the trading system is that there is no point of view, that is, you must overcome "greed and fear" in trading and execute transactions according to established rules. "Having no opinion" actually means "trusting the system and going with the flow."
Traders who express their views on the market every day simply do not understand this truth. Opinions are not important at all. How to enter and exit the market, and how to deal with risks and returns, are the core abilities of the best traders. Only those who can do this can be called the best.
That’s why it is said: The best trader is a trader without a point of view.
I remember that one year I went to Hangzhou to attend a conference on the asset management industry. At that time, Xiao Guoping from Yongan Guofu delivered a keynote speech.
After the keynote speech session, there is a question and answer session. Later, someone asked him: What do you think of the market outlook for XXX varieties? What kind of strategies will be used? Normally, I would not remember this question. It was Xiao Guoping's answer that left a deep impression on me. He laughed then. Then say:
How do I know? If it goes up, there will be more; if it goes down, it will be empty.
The best trader is the one who has no point of view. Because he is deeply aware of a problem. He never cares about your opinion about the future trend. The future trend is simply not something you can predict in advance. If you can predict, it means you can predict the future. If you can predict the future, you will have become the richest man in the world.
If I had known the K-line in just one second, I could have dominated the world. This sentence is no joke.
The best traders, because they know this, their trading is based on trend. The trend is the most real. I am bullish, but the market is going down, which means I am wrong. I am bearish, but the market keeps rising, then I am wrong. They respect the profit and loss of their positions, and they will never compete against the market trend. Therefore, in their transactions, you will never see the kind of desperate resistance because they refuse to admit defeat.
Only those who can do this can be called the best.
Those traders who publicize their opinions every day do not understand this truth at all. Opinions are not important at all. How to do it and how to deal with risks and returns are the core capabilities of traders. That’s why it is said: The best trader is a trader without a point of view.
That is what we have always emphasized, "go with the trend", "ride on the trend" and so on.
"Birds fly far away with Luan and Phoenix, and people with good qualities are proud of themselves." "Only follow, not predict." What these words mean is to follow and follow the trend.
If a truly successful trader does not assume in advance which direction the stock market should go during the trading process, that is, does not make predictions, but lets the stock market tell him where the stock market will go, he will only predict the direction of the stock market. Just react to the trend.
He does not have to try to prove that his point of view is correct. Because if he does this, the result is often counterproductive, and the result on his own account is often heavy losses.
As a professional trader, as a successful trader, you must avoid - prediction! We need to have an attitude of respecting ghosts and gods and staying away from the predictions and renderings of analysts, stock commentators, researchers, etc. If there is any naivety, you need to be careful and avoid it.
Because their analysis and judgment model is like this: if this is the case, then the stock will rise; if that, then the stock will fall; if it is between this and that, then the stock may trade sideways. In short, their words are reasonable and there is nothing wrong with them. However, when it comes to transactions and the actual position of the account, there is only one result, not so many ifs.
Therefore, if you want to succeed in the investment market, you need to use reason to defeat nature at all times, and eliminate yourself to the greatest extent! Eliminate those "what ifs". This kind of struggle to deal with one's own problems is much more difficult than fighting with others! Too many people like to make predictions and express themselves in this market, which is a taboo for making money.
In the stock market, it is much wiser to admit one's ignorance than to be self-righteous. As Munger said, "Admitting ignorance is the beginning of wisdom." The stock market is a place where you constantly eliminate yourself. All your thoughts and all your excellence are worthless in front of the market. What you can do is to constantly eliminate your own thoughts, focus on the trend itself, and listen. The voice of the market, let the market tell you how to operate. Rather than how you think the market will go, guide your behavior according to your own predictions. No matter how the market goes, it will be right. All you can do is follow and obey.
Life is endless and struggle is endless. For the ever-changing market, we are always students.
If you want to succeed in the stock market, the core technology of this market is not how powerful your analysis and prediction is, but how strong your ability is to follow the changes in the market!