How ‘Short-Term King’ Wu Weimiao Made 400,000 from 50,000 in One Year
Wu Weimiao's main trading method is ultra-short-term trading [Observing in Secret R], focusing on technical aspects. According to him, his technical skills are divided into two basic capabilities: one is the establishment of a technical indicator system, and the other is the ability to read market information. His investment philosophy is to profit from withdrawals and never to inject money during losses [Like R]
1. For short-term trading, training in market dynamics is the most important.
2. The trading cycle must be clear; without a cycle, you cannot analyze the take-profit points.
3. Each order must have a stop-loss set; if you find yourself being stopped out repeatedly, you need to be more cautious with your orders and avoid over-trading.
4. Easily denying others' methods hinders your own growth.
5. Short-term trading techniques can be practiced; familiarity breeds skill, and no one is born knowing how to trade futures.
6. The trading journey is also dependent on market conditions; it is not necessarily a long-term path; good technical foundations and market cooperation are needed.
7. Develop a good mindset for taking profits and cutting losses, focusing on price and patterns, emphasizing ‘points’ rather than ‘numbers’.
8. As long as leverage is added and the investment exceeds your capacity, you may fall.
9. Do not equate ‘high-frequency trading’ with ‘over-trading’. Trade more when the market is favorable, and exercise restraint during consolidation.
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