李法师Tony语录交易心法资料
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Some truths need to be understood slowly, but for fund management, just follow them.
You can start by opening only 2% of the position at the beginning, learn slowly, and stop loss by 0.02% at a time, so that you cannot make a big loss. In the financial market, only when you are alive can you have hope, and only when you are alive can you have opportunities. It’s useless to say anything after the loss is over, so the current stage is to stay alive.
There must be many people who think that I only have 10,000 yuan, and I only open for 500 yuan at a time. How can I make money? Regarding this, I can only say that I don’t know what I will make, but I should lose money soon. #MasterTonyQuotes#Transaction#内容挖矿
You can start by opening only 2% of the position at the beginning, learn slowly, and stop loss by 0.02% at a time, so that you cannot make a big loss. In the financial market, only when you are alive can you have hope, and only when you are alive can you have opportunities. It’s useless to say anything after the loss is over, so the current stage is to stay alive.
There must be many people who think that I only have 10,000 yuan, and I only open for 500 yuan at a time. How can I make money? Regarding this, I can only say that I don’t know what I will make, but I should lose money soon. #MasterTonyQuotes#Transaction#内容挖矿
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Profit-loss ratio, the ratio of profit and loss, is the question of whether a transaction is worth doing.
If you plan to open long at 6000, stop loss at 5900, and lose 100u, then your expected profit must be at least 200u, that is, your expectation must rise to 6200, then this transaction is worth doing.
We must make big money and lose small money, so that in the end you will make money overall. In actual transactions, the profit-loss ratio must reach 3:1 to be a transaction worth doing. Anything lower than 3:1 will not be done. Except for some geniuses, it is difficult for us to make profits based on probability. We can only rely on a large profit-loss ratio.
The ideas of probability and profit-loss ratio are not only used in trading, but also in all aspects of life. Just like when you flirt with a girl, if you say three sentences and the other party only replies to you once, it means that they are not interested in you. If you persist stupidly, you will only be used as a backup.
From the perspective of profit-loss ratio, drug trafficking is not a good business. It is very difficult to get a small amount of drugs and you will be sentenced to death. You don't make much money but you still lose your life. Illegal fund-raising is good, but cheating hundreds of millions or billions will only lead to a few years in prison. #MastertonyQuotations#BTC #内容挖矿
If you plan to open long at 6000, stop loss at 5900, and lose 100u, then your expected profit must be at least 200u, that is, your expectation must rise to 6200, then this transaction is worth doing.
We must make big money and lose small money, so that in the end you will make money overall. In actual transactions, the profit-loss ratio must reach 3:1 to be a transaction worth doing. Anything lower than 3:1 will not be done. Except for some geniuses, it is difficult for us to make profits based on probability. We can only rely on a large profit-loss ratio.
The ideas of probability and profit-loss ratio are not only used in trading, but also in all aspects of life. Just like when you flirt with a girl, if you say three sentences and the other party only replies to you once, it means that they are not interested in you. If you persist stupidly, you will only be used as a backup.
From the perspective of profit-loss ratio, drug trafficking is not a good business. It is very difficult to get a small amount of drugs and you will be sentenced to death. You don't make much money but you still lose your life. Illegal fund-raising is good, but cheating hundreds of millions or billions will only lead to a few years in prison. #MastertonyQuotations#BTC #内容挖矿
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Do a single oral decision
When entering circle b, prepare first; it is better to enter less than to advance rashly.
If it trades sideways at a low level, it will reach a new low; it is a good time to buy heavily.
Sell high and dive in; try not to trade sideways.
Always trading sideways means to use sideways to replace the decline. You must hold your currency firmly, as it may rise at any time.
When prices are rising rapidly, you must always be prepared to sell, as prices may plummet at any time.
When it slowly declines, it’s time to cover your position bit by bit.
Consolidate high and low, wait a moment.
The market is trading sideways at a high level and then surges higher. Seize the opportunity and sell quickly; it is trading sideways at a low level.
New low, buy full position, good time.
If you don’t rush higher, you don’t sell; if you don’t dive, you don’t buy; if you trade sideways, you don’t trade.
Buy yin, not yang; sell yang, not yin; only those who go against the trend are heroes.
If it falls sharply in the morning, buy; if it rises sharply in the morning, sell; if it rises sharply in the afternoon, don't chase it; if it falls sharply in the afternoon, buy the next day; if it falls sharply in the morning, don't take a cut; if it doesn't rise or fall, go to bed; hold on to cover your position to protect capital; expect extravagant profits, It's greed.
In calm waters, one wave is high, but beware of big waves behind it; after a big rise, there will be a correction. K-line for many days, draw a triangle; for an upward trend, look for support; for a downward trend, look for resistance.
It is a taboo to operate with a full position; it is not advisable to insist on going your own way; you need to know where to stop when things change; you need to be able to enter and exit freely and wait for the opportunity; what matters in currency speculation is your mentality; greed and fear are a big harm; you must be cautious when chasing ups and downs; and be calm. , be comfortable. #
When entering circle b, prepare first; it is better to enter less than to advance rashly.
If it trades sideways at a low level, it will reach a new low; it is a good time to buy heavily.
Sell high and dive in; try not to trade sideways.
Always trading sideways means to use sideways to replace the decline. You must hold your currency firmly, as it may rise at any time.
When prices are rising rapidly, you must always be prepared to sell, as prices may plummet at any time.
When it slowly declines, it’s time to cover your position bit by bit.
Consolidate high and low, wait a moment.
The market is trading sideways at a high level and then surges higher. Seize the opportunity and sell quickly; it is trading sideways at a low level.
New low, buy full position, good time.
If you don’t rush higher, you don’t sell; if you don’t dive, you don’t buy; if you trade sideways, you don’t trade.
Buy yin, not yang; sell yang, not yin; only those who go against the trend are heroes.
If it falls sharply in the morning, buy; if it rises sharply in the morning, sell; if it rises sharply in the afternoon, don't chase it; if it falls sharply in the afternoon, buy the next day; if it falls sharply in the morning, don't take a cut; if it doesn't rise or fall, go to bed; hold on to cover your position to protect capital; expect extravagant profits, It's greed.
In calm waters, one wave is high, but beware of big waves behind it; after a big rise, there will be a correction. K-line for many days, draw a triangle; for an upward trend, look for support; for a downward trend, look for resistance.
It is a taboo to operate with a full position; it is not advisable to insist on going your own way; you need to know where to stop when things change; you need to be able to enter and exit freely and wait for the opportunity; what matters in currency speculation is your mentality; greed and fear are a big harm; you must be cautious when chasing ups and downs; and be calm. , be comfortable. #
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Rationality when trading is reflected in:
(1) The general trend must be allowed to run away and never jump off the bus midway - "greedy" to make big money.
(2) Exit the market immediately after a 20% correction, and never take any chances - make it clear what the maximum price you can pay for each "greedy".
(3) It should never be at the highest point at that time, that is, a decent correction must occur before the profit-making position can be closed. For the sake of "greedy" the overall situation, don't be swayed by the temptation in front of you.
(4) It is always "greedy" to follow the trend, and it will end at any time when the momentum reverses - not to go against the trend is purely "greedy for losses". Such stupid things have nothing to do with me.
(5) The upper limit of the risk of "greedy" is to lose 20% of the floating profit. The total profit is calculated based on the highest point of the market (when the buy order is profitable) or the lowest point (when the sell order is profitable).
(1) The general trend must be allowed to run away and never jump off the bus midway - "greedy" to make big money.
(2) Exit the market immediately after a 20% correction, and never take any chances - make it clear what the maximum price you can pay for each "greedy".
(3) It should never be at the highest point at that time, that is, a decent correction must occur before the profit-making position can be closed. For the sake of "greedy" the overall situation, don't be swayed by the temptation in front of you.
(4) It is always "greedy" to follow the trend, and it will end at any time when the momentum reverses - not to go against the trend is purely "greedy for losses". Such stupid things have nothing to do with me.
(5) The upper limit of the risk of "greedy" is to lose 20% of the floating profit. The total profit is calculated based on the highest point of the market (when the buy order is profitable) or the lowest point (when the sell order is profitable).
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What masters practice is the ability not to do anything. What do you mean not to do?
If you don’t understand it, you won’t do it. Even if you understand it, there are things that you are not suitable for doing.
For example, the stop loss space is too large, the profit space is too small, and the pressure is to break after a sharp rise.
Under the standards, there are priorities and there is also a need to be willing to give up.
So by cutting it off from beginning to end and calculating over and over again, there is very little that can really be done.
The masters do less and less, while the fools do more and more. It's not about how clever the master's methods are, but rather that they don't rush to make money and trade unlimited opportunities for more space. #法师tony语录 #BTC
If you don’t understand it, you won’t do it. Even if you understand it, there are things that you are not suitable for doing.
For example, the stop loss space is too large, the profit space is too small, and the pressure is to break after a sharp rise.
Under the standards, there are priorities and there is also a need to be willing to give up.
So by cutting it off from beginning to end and calculating over and over again, there is very little that can really be done.
The masters do less and less, while the fools do more and more. It's not about how clever the master's methods are, but rather that they don't rush to make money and trade unlimited opportunities for more space. #法师tony语录 #BTC
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Don’t play financial games before the age of 30. If you can’t make your first pot of gold in your job, there is a high probability that you can’t in the financial market either; (except for trading geniuses)
When you have a small amount of money, don’t think about value investing and pie-in-a-box. It doesn’t mean anything to you. When Mr. Buffett was young, doubling in a year was a routine operation, but few people used it for publicity;
If you get it right, go for it (get it right = have a very clear understanding of trends, tracks, competitors in the track, potential market value targets, reasonable market values, and a series of basic information). Buffett can take 50% of the position with all his funds. There’s nothing we can’t do if we do one;
Investing is not about going to work. It is better to find a class to pursue making money every day. The certainty is higher.
When you have a small amount of money, don’t think about value investing and pie-in-a-box. It doesn’t mean anything to you. When Mr. Buffett was young, doubling in a year was a routine operation, but few people used it for publicity;
If you get it right, go for it (get it right = have a very clear understanding of trends, tracks, competitors in the track, potential market value targets, reasonable market values, and a series of basic information). Buffett can take 50% of the position with all his funds. There’s nothing we can’t do if we do one;
Investing is not about going to work. It is better to find a class to pursue making money every day. The certainty is higher.
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The gameplay of spot and futures is different. If you use spot thinking or futures thinking to play with the other party, you will end up playing shit.
Taking the current market as an example, I don’t think Bitcoin will fall below 6,000 and enter a long bear market. Then you can slowly buy the bottom of the current spot, such as one-quarter and one-third of the bottom, and every major level of support will Just increase the position, so that the final cost will be around 7,000, and if it rises to 1.4W, the profit will double.
But futures, not just futures, once leverage is involved, you must not play like this! Once leverage is involved, even if it is only 1 times, you cannot have any back orders! Even if you are right at the moment and carry it down, even if you take it 10 times , the judgment was correct 9 times, and I made a lot of money in the first 9 times. As long as I couldn't resist once, the previous 9 times were all in vain!
Some people like to say, "It's okay, I have low leverage. It's okay, I have more than 3 times the leverage. This is extremely bad. Once leverage is involved, you can't have any ideas of taking orders, otherwise sooner or later you will be in trouble."
The stop loss of futures must be limited to 2% of the total capital. For example, if you open a long position of 1W, use 10% of the position, and stop the loss of 9800, then if you stop the loss, you will lose 2% in the end, which means that futures need to be very clear when opening a position. Points and stops, as well as positions. Why should I open a low multiplier now and add more later? This kind of play will lead to failure sooner or later. #法师tony语录 #BTC
Taking the current market as an example, I don’t think Bitcoin will fall below 6,000 and enter a long bear market. Then you can slowly buy the bottom of the current spot, such as one-quarter and one-third of the bottom, and every major level of support will Just increase the position, so that the final cost will be around 7,000, and if it rises to 1.4W, the profit will double.
But futures, not just futures, once leverage is involved, you must not play like this! Once leverage is involved, even if it is only 1 times, you cannot have any back orders! Even if you are right at the moment and carry it down, even if you take it 10 times , the judgment was correct 9 times, and I made a lot of money in the first 9 times. As long as I couldn't resist once, the previous 9 times were all in vain!
Some people like to say, "It's okay, I have low leverage. It's okay, I have more than 3 times the leverage. This is extremely bad. Once leverage is involved, you can't have any ideas of taking orders, otherwise sooner or later you will be in trouble."
The stop loss of futures must be limited to 2% of the total capital. For example, if you open a long position of 1W, use 10% of the position, and stop the loss of 9800, then if you stop the loss, you will lose 2% in the end, which means that futures need to be very clear when opening a position. Points and stops, as well as positions. Why should I open a low multiplier now and add more later? This kind of play will lead to failure sooner or later. #法师tony语录 #BTC
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ah?
Today I will tell you a very famous story: A couple led a donkey out to the market. At first, the wife was riding a donkey, and the husband was holding the donkey. Passers-by pointed and pointed: This man is so useless, he is afraid of his wife, and he lets a woman ride a donkey. The wife was embarrassed after hearing this, so she came down and asked her husband to ride on the donkey while his wife led the donkey. Not far away, passers-by started pointing again: This man is so bad, he rides a donkey by himself, a man doesn't care about his wife, and he lets a woman lead the donkey. Now the husband blushed, and they decided to ride the donkey together as a couple. The two of them were riding donkeys. After walking a few steps, passers-by pointed and said, "What do they look like?" Two people riding this little donkey is clearly animal cruelty. The couple was completely at a loss. This was not okay, and that was not right either. They simply stopped riding and led the donkey for a walk together. But what's the result? The couple were still criticized by passers-by: These two people are really useless. They don't ride donkeys. They are so stupid. Then why do you keep such donkeys? The couple really wished they should lead the donkey outside. How can anyone say that if you don’t lead the donkey out? The purpose of telling this story is to tell everyone that it is actually difficult to be a blogger in this industry. Even better than Ban Mu Xia and Mao Mao Demon King, there will be a lot of trolls under them, and they never cut leeks, but only share their own opinions. There is too much bad energy on Weibo, and you lose a lot of money. I can understand this, and I have said it several times. This is how I got here. Because of the mistakes of the bloggers I trusted, I repeatedly suffered serious losses and my mentality collapsed. , there is no outlet, so you can only come to the blogger to give out, but have you ever thought that others use 1% of the funds, but you use 10x or 20x of the full position to follow, do you have a problem yourself? Going back to the previous question, you will definitely say that you have more principal. Your 1% is more than my entire position. I can only use 10x or 20x to gamble with this little money. Well, there is another problem involved here. , trading and gambling are completely different things. Trading is about waiting for the opportunity to focus on spot goods, and contracts are only used as a tool for bargain hunting, similar to Ban Mu Xia's operation. In this way, even if you encounter extreme market conditions, you will be able to handle it with ease, but gambling is different. In my opinion Come on, 3x and above are all gambling, why?Because a 30% correction is nothing new in the currency circle. The purpose of trading is to prevent your principal from returning to zero. You have a strict trading plan. The bet is that if you win the young model in the club today, if you lose tomorrow, you will work in the sea. This will have serious consequences. mentality. Now coming back to the issue of small capital, I have a Weibo post, specifically talking about the trading records of a friend of mine, who followed me throughout the process, with a principal of 30,000 RMB, and never exceeded 2x. This wave of Mavericks made a profit of 200,000. In two months, the principal has increased 6 times. Looking at the global market, you should not be able to find relevant operating targets. The advantage of a low multiple is that you can hold on to it. Even if the market price is like yesterday, at most it will be a profit retracement without damaging the fundamentals. So don’t argue with me that the problem of low principal is the problem of your operation method. The contract is not a good thing. If it is a good thing, why don’t you make any money? Finally, @bitfatty once told me that there are only two types of people who can make money in this market. One is those who sell high and buy low in a volatile market. One type is for trending market conditions. I personally belong to the second type. I will also be schizophrenic in volatile market conditions. Position yourself, which type you belong to, and then think about whether you are really suitable for currency trading. If you are neither of the two, leave early. If you still insist on high-leverage operations, I suggest you send the money directly to me. I can still call you daddy.
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Some people have been discussing the issue of rolling positions in the comment area. This is called adding positions with floating profits, testing positions, adding positions, adding positions... Livermore is my favorite, but his leverage is very high; almost all trading books will introduce this. You can understand this operation method by reading a few books. If you don't know, you probably haven't even read this book.
However, there will be no detailed operations in the book. The specific operations are more related to experience and are difficult to quantify.
It can be seen that the word roll position is not new. It has become more popular recently, maybe because of me, it became popular in the B circle.
Some people use this to scold me, which is very harmful. I can only say that this is a normal trading operation method. There is nothing special about it, and I did not invent it. Moreover, the risk lies in the leverage, never in the technique.
Although the risk of rolling a position can be reduced and the leverage can be reduced, most of the rolling positions are eliminated at the original price. Because the market is mostly volatile, most people cannot accept the situation of being out without profit nine times out of ten operations.
My choice is not to roll out easily to solve the problem of always being eliminated at the original price. However, if I don’t roll out easily, I will be short of the possible big market. But I think it is much better to be short than to gain and lose again, and it is not necessary. No matter how many times you succeed, you only need to succeed four times in your life. In fact, I have only done it twice and I am always looking forward to catching it next time.
So, if you really want to learn this, you might as well learn to be patient first. Before learning to roll, you must first learn not to roll. Rolling means not rolling, and not rolling means rolling, so why bother always insisting on whether to roll or not to roll. #法师tony语录 #BTC
However, there will be no detailed operations in the book. The specific operations are more related to experience and are difficult to quantify.
It can be seen that the word roll position is not new. It has become more popular recently, maybe because of me, it became popular in the B circle.
Some people use this to scold me, which is very harmful. I can only say that this is a normal trading operation method. There is nothing special about it, and I did not invent it. Moreover, the risk lies in the leverage, never in the technique.
Although the risk of rolling a position can be reduced and the leverage can be reduced, most of the rolling positions are eliminated at the original price. Because the market is mostly volatile, most people cannot accept the situation of being out without profit nine times out of ten operations.
My choice is not to roll out easily to solve the problem of always being eliminated at the original price. However, if I don’t roll out easily, I will be short of the possible big market. But I think it is much better to be short than to gain and lose again, and it is not necessary. No matter how many times you succeed, you only need to succeed four times in your life. In fact, I have only done it twice and I am always looking forward to catching it next time.
So, if you really want to learn this, you might as well learn to be patient first. Before learning to roll, you must first learn not to roll. Rolling means not rolling, and not rolling means rolling, so why bother always insisting on whether to roll or not to roll. #法师tony语录 #BTC
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In circle B, you have to find a way to earn 1 million first. If you only have tens or hundreds of thousands, it's really meaningless to waste money every day. It's better to work hard. This refers to making 1 million by trading instead of letting you invest 1 million. If you invest 10 million without enough knowledge, you will lose it all.
Only when you have 1 million, your perspective on trading will be different, because once you have 1 million principal, even if you do spot trading and double it a year, you will have 1 million profits, which is the prerequisite for owning a house in a first-tier city Under the circumstances, one can reach the top class in China with an annual income of 1 million W, which is more than enough for an ordinary person.
To earn 1 million, you only need to invest 5W, and this 5W can also be risk-free. You can invest 10W first, and wait for an opportunity for circle B to kill retail investors. Then you go in and buy spot goods to earn 10W profit, and then use the 5W of 10W profit to gamble. If you want to make big money, you must gamble, roll your position when good opportunities arise, and use two or three times leverage to get out once or twice.
If you lose 50,000 in gambling and the profit is gone, you will invest another 50,000 in gambling. If you finish gambling with all the profits, you will stop and continue to gamble with the profit of 100,000 principal.
It’s easy to say, but it requires an incredible amount of patience. Only with this model can you not bear the risk of sudden losses when there is a possibility of getting rich in the b-circle. Don’t believe in hoarding btc. If you don’t have enough off-site earning power, hoarding btc is just to deceive retail investors. How many 100 btc will you have? Isn’t it nonsense to hoard a btc? The volatility of btc has been greatly reduced. You have to use leverage to get rich. Those who hoarded btc two years ago have just recovered their capital. Those who invested regularly will not earn multiple times at the peak of the bull market. . #MasterTonyQuotations#BTC
Only when you have 1 million, your perspective on trading will be different, because once you have 1 million principal, even if you do spot trading and double it a year, you will have 1 million profits, which is the prerequisite for owning a house in a first-tier city Under the circumstances, one can reach the top class in China with an annual income of 1 million W, which is more than enough for an ordinary person.
To earn 1 million, you only need to invest 5W, and this 5W can also be risk-free. You can invest 10W first, and wait for an opportunity for circle B to kill retail investors. Then you go in and buy spot goods to earn 10W profit, and then use the 5W of 10W profit to gamble. If you want to make big money, you must gamble, roll your position when good opportunities arise, and use two or three times leverage to get out once or twice.
If you lose 50,000 in gambling and the profit is gone, you will invest another 50,000 in gambling. If you finish gambling with all the profits, you will stop and continue to gamble with the profit of 100,000 principal.
It’s easy to say, but it requires an incredible amount of patience. Only with this model can you not bear the risk of sudden losses when there is a possibility of getting rich in the b-circle. Don’t believe in hoarding btc. If you don’t have enough off-site earning power, hoarding btc is just to deceive retail investors. How many 100 btc will you have? Isn’t it nonsense to hoard a btc? The volatility of btc has been greatly reduced. You have to use leverage to get rich. Those who hoarded btc two years ago have just recovered their capital. Those who invested regularly will not earn multiple times at the peak of the bull market. . #MasterTonyQuotations#BTC
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Some people have always said that only a few people make money from contracts. I once set up a public welfare teaching group. The threshold required a donation of 100 yuan. There were about 500 people. I uploaded books to the group. After many urgings, in the end, only Half of the people downloaded the book, but half of them didn't bother to download it.
Although it was only 100 yuan, you had to pay to enter, and I urged the group to read the book many times. In the end, only half of the people downloaded the book, and of those who downloaded, only a quarter at most read it. It's over.
Are there any 1% who can watch it a few more times and think about it seriously? We are all adults, and there are people urging us on from behind.
Why do only a few people make money in contracts? Why don't you ask yourself first how many books you have read and how many years you have read them.
This market is the most suitable for harvesting, because it is human nature to get something for nothing. Any harvesting method that requires pain to achieve harvest will be difficult to harvest people. Telling others what points are too far, telling others to read books will not bother to pay attention to you. .
If you get something for nothing, you deserve it after all the losses. #MasterTonyQuotations#BTC
Although it was only 100 yuan, you had to pay to enter, and I urged the group to read the book many times. In the end, only half of the people downloaded the book, and of those who downloaded, only a quarter at most read it. It's over.
Are there any 1% who can watch it a few more times and think about it seriously? We are all adults, and there are people urging us on from behind.
Why do only a few people make money in contracts? Why don't you ask yourself first how many books you have read and how many years you have read them.
This market is the most suitable for harvesting, because it is human nature to get something for nothing. Any harvesting method that requires pain to achieve harvest will be difficult to harvest people. Telling others what points are too far, telling others to read books will not bother to pay attention to you. .
If you get something for nothing, you deserve it after all the losses. #MasterTonyQuotations#BTC
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What can really make you progress in trading must be painful, because trading is anti-human, and the truly valuable things will definitely make you feel uncomfortable. Isn’t it painful to study, isn’t reading painful, getting up early every day to run, and deliberately skipping meals in order to lose weight? Either way is painful. Someone who tells you to exercise more and eat less to lose weight will definitely annoy you because he is making you feel uncomfortable. But someone who sells you weight loss pills will make you happy. Although you spend money, you don’t need to exercise. No need to skip meals.
But what really makes you lose weight is exercising more and eating less, which makes you hate it, or does taking weight loss pills make you happy?
The truth is the same. When I say something of real value, you will definitely hate me because I will make you uncomfortable. Although it is good for you, it is not good for me because you hate me? But do you want to make money in a uncomfortable way, or do you want to lose money in a comfortable way?
Is it miserable if you want to tell the truth? #BTC
But what really makes you lose weight is exercising more and eating less, which makes you hate it, or does taking weight loss pills make you happy?
The truth is the same. When I say something of real value, you will definitely hate me because I will make you uncomfortable. Although it is good for you, it is not good for me because you hate me? But do you want to make money in a uncomfortable way, or do you want to lose money in a comfortable way?
Is it miserable if you want to tell the truth? #BTC
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① When trading, you must zoom in on the cycle, mainly looking at the weekly and monthly lines to determine the direction;
②Insist on trading on the right side. If the big cycle is a bull market, then only go long; if the big cycle is a bear market, only go short;
③Control the number of transactions you perform, with a maximum of about 10 transactions a year;
④ You can’t make all the money but you can lose all the money. Every transaction must set a stop loss point in advance;
⑤ Fund management is very important. Only use 10% of the funds to play contracts and 90% to focus on spot;
Be patient, patient, patient, give up the idea of making all the money, wait for the opportunity, and hit the big position in one hit. #MasterTonyQuotations#BTC
②Insist on trading on the right side. If the big cycle is a bull market, then only go long; if the big cycle is a bear market, only go short;
③Control the number of transactions you perform, with a maximum of about 10 transactions a year;
④ You can’t make all the money but you can lose all the money. Every transaction must set a stop loss point in advance;
⑤ Fund management is very important. Only use 10% of the funds to play contracts and 90% to focus on spot;
Be patient, patient, patient, give up the idea of making all the money, wait for the opportunity, and hit the big position in one hit. #MasterTonyQuotations#BTC
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Some people have been discussing the issue of rolling positions in the comment area. This is called adding positions with floating profits, testing positions, adding positions, adding positions... Livermore is my favorite, but his leverage is very high; almost all trading books will introduce this. You can understand this operation method by reading a few books. If you don't know, you probably haven't even read this book.
However, there will be no detailed operations in the book. The specific operations are more related to experience and are difficult to quantify.
It can be seen that the word roll position is not new. It has become more popular recently, maybe because of me, it became popular in the B circle.
Some people use this to scold me, which is very harmful. I can only say that this is a normal trading operation method. There is nothing special about it, and I did not invent it. Moreover, the risk lies in the leverage, never in the technique.
Although the risk of rolling a position can be reduced and the leverage can be reduced, most of the rolling positions are eliminated at the original price. Because the market is mostly volatile, most people cannot accept the situation of being out without profit nine times out of ten operations.
My choice is not to roll out easily to solve the problem of always being eliminated at the original price. However, if I don’t roll out easily, I will be short of the possible big market. But I think it is much better to be short than to gain and lose again, and it is not necessary. No matter how many times you succeed, you only need to succeed four times in your life. In fact, I have only done it twice and I am always looking forward to catching it next time.
So, if you really want to learn this, you might as well learn to be patient first. Before learning to roll, you must first learn not to roll. Rolling means not rolling, and not rolling means rolling, so why bother always insisting on whether to roll or not to roll. #MasterTonyQuotations#BTC
However, there will be no detailed operations in the book. The specific operations are more related to experience and are difficult to quantify.
It can be seen that the word roll position is not new. It has become more popular recently, maybe because of me, it became popular in the B circle.
Some people use this to scold me, which is very harmful. I can only say that this is a normal trading operation method. There is nothing special about it, and I did not invent it. Moreover, the risk lies in the leverage, never in the technique.
Although the risk of rolling a position can be reduced and the leverage can be reduced, most of the rolling positions are eliminated at the original price. Because the market is mostly volatile, most people cannot accept the situation of being out without profit nine times out of ten operations.
My choice is not to roll out easily to solve the problem of always being eliminated at the original price. However, if I don’t roll out easily, I will be short of the possible big market. But I think it is much better to be short than to gain and lose again, and it is not necessary. No matter how many times you succeed, you only need to succeed four times in your life. In fact, I have only done it twice and I am always looking forward to catching it next time.
So, if you really want to learn this, you might as well learn to be patient first. Before learning to roll, you must first learn not to roll. Rolling means not rolling, and not rolling means rolling, so why bother always insisting on whether to roll or not to roll. #MasterTonyQuotations#BTC
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Speculation does not mean that the harder you work, the more successful you will be
Fatty has made more in the past month than he has in the past two years.
Is this because Fatty works harder this month?
This is not the case, it is because you are more lucky and the market conditions will reward you.
But without the practice of the past five years, no matter how lucky the market is, Fatty will not be able to catch it.
In this sense, speculation is very similar to reading. Han Chuang studied hard for ten years, just to finally soar into the sky and become a blockbuster and be named on the gold list.
It's just that on the battlefield of speculation, people get rich every day and have to endure temporary poverty every day.
But what I want to say is that the 28/20 rule will always exist. There are only a handful of geniuses who can truly be like Fat House, and 99% of those who create groups with orders on Weibo are scammers. Don’t take chances. .
For the vast majority of ordinary people, what they need to learn is medium and long-term value investing, which is like "if you can't make enough money, you can lose all your money". No matter how much it goes up or down, I will remain unmoved, choose the right track, and let time prove that everything is best. of. #fat家#BTC
Fatty has made more in the past month than he has in the past two years.
Is this because Fatty works harder this month?
This is not the case, it is because you are more lucky and the market conditions will reward you.
But without the practice of the past five years, no matter how lucky the market is, Fatty will not be able to catch it.
In this sense, speculation is very similar to reading. Han Chuang studied hard for ten years, just to finally soar into the sky and become a blockbuster and be named on the gold list.
It's just that on the battlefield of speculation, people get rich every day and have to endure temporary poverty every day.
But what I want to say is that the 28/20 rule will always exist. There are only a handful of geniuses who can truly be like Fat House, and 99% of those who create groups with orders on Weibo are scammers. Don’t take chances. .
For the vast majority of ordinary people, what they need to learn is medium and long-term value investing, which is like "if you can't make enough money, you can lose all your money". No matter how much it goes up or down, I will remain unmoved, choose the right track, and let time prove that everything is best. of. #fat家#BTC
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In circle B, you have to find a way to earn 1 million first. If you only have tens or hundreds of thousands, it's really meaningless to waste money every day. It's better to work hard. This refers to making 1 million by trading instead of letting you invest 1 million. If you invest 10 million without enough knowledge, you will lose it all.
Only when you have 1 million, your perspective on trading will be different, because once you have 1 million principal, even if you do spot trading and double it a year, you will have 1 million profits, which is the prerequisite for owning a house in a first-tier city Under the circumstances, one can reach the top class in China with an annual income of 1 million W, which is more than enough for an ordinary person.
To earn 1 million, you only need to invest 5W, and this 5W can also be risk-free. You can invest 10W first, and wait for an opportunity for circle B to kill retail investors. Then you go in and buy spot goods to earn 10W profit, and then use the 5W of 10W profit to gamble. If you want to make big money, you must gamble, roll your position when good opportunities arise, and use two or three times leverage to get out once or twice.
If you lose 50,000 in gambling and the profit is gone, you will invest another 50,000 in gambling. If you finish gambling with all the profits, you will stop and continue to gamble with the profit of 100,000 principal.
It’s easy to say, but it requires an incredible amount of patience. Only with this model can you not bear the risk of sudden losses when there is a possibility of getting rich in the b-circle. Don’t believe in hoarding btc. If you don’t have enough off-site earning power, hoarding btc is just to deceive retail investors. How many 100 btc will you have? Isn’t it nonsense to hoard a btc? The volatility of btc has been greatly reduced. You have to use leverage to get rich. Those who hoarded btc two years ago have just recovered their capital. Those who invested regularly will not earn multiple times at the peak of the bull market. . #MasterTonyQuotations#BTC
Only when you have 1 million, your perspective on trading will be different, because once you have 1 million principal, even if you do spot trading and double it a year, you will have 1 million profits, which is the prerequisite for owning a house in a first-tier city Under the circumstances, one can reach the top class in China with an annual income of 1 million W, which is more than enough for an ordinary person.
To earn 1 million, you only need to invest 5W, and this 5W can also be risk-free. You can invest 10W first, and wait for an opportunity for circle B to kill retail investors. Then you go in and buy spot goods to earn 10W profit, and then use the 5W of 10W profit to gamble. If you want to make big money, you must gamble, roll your position when good opportunities arise, and use two or three times leverage to get out once or twice.
If you lose 50,000 in gambling and the profit is gone, you will invest another 50,000 in gambling. If you finish gambling with all the profits, you will stop and continue to gamble with the profit of 100,000 principal.
It’s easy to say, but it requires an incredible amount of patience. Only with this model can you not bear the risk of sudden losses when there is a possibility of getting rich in the b-circle. Don’t believe in hoarding btc. If you don’t have enough off-site earning power, hoarding btc is just to deceive retail investors. How many 100 btc will you have? Isn’t it nonsense to hoard a btc? The volatility of btc has been greatly reduced. You have to use leverage to get rich. Those who hoarded btc two years ago have just recovered their capital. Those who invested regularly will not earn multiple times at the peak of the bull market. . #MasterTonyQuotations#BTC
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Set take profit and stop loss:
Stop-profit and stop-loss can be said to be the key to determining profitability. In several transactions, we must ensure that the total profit is greater than the total loss. It is not difficult to achieve this, just do the following:
① Each stop loss is ≤ 5% of the total capital;
② Each profit is >5% of the total funds;
③ Total transaction winning rate＞50%
Profit can be achieved if the above requirements are met (the profit-loss ratio is greater than 1 and the winning rate is greater than 50%). Of course, it can also be a high profit-loss ratio and a low winning rate, or a low profit-loss ratio and a high winning rate. Anyway, as long as the total profit is guaranteed to be positive, the total profit = initial principal × (average profit × winning rate - average loss × losing rate). In Bit King's trading system, it is expected that there will be a 30% fluctuation before taking action. Therefore, Bit King's profit-loss ratio will be very high. This is one of the fundamental reasons for Bit King's extraordinary profits. However, in actual combat, many people tend to give up when profits are good, and hold on to losses when losses occur. They know that this is wrong, but they just can't control it. This is the weakness of human nature. Greed and fear need to be controlled through money management. #bit皇#BTC
Stop-profit and stop-loss can be said to be the key to determining profitability. In several transactions, we must ensure that the total profit is greater than the total loss. It is not difficult to achieve this, just do the following:
① Each stop loss is ≤ 5% of the total capital;
② Each profit is >5% of the total funds;
③ Total transaction winning rate＞50%
Profit can be achieved if the above requirements are met (the profit-loss ratio is greater than 1 and the winning rate is greater than 50%). Of course, it can also be a high profit-loss ratio and a low winning rate, or a low profit-loss ratio and a high winning rate. Anyway, as long as the total profit is guaranteed to be positive, the total profit = initial principal × (average profit × winning rate - average loss × losing rate). In Bit King's trading system, it is expected that there will be a 30% fluctuation before taking action. Therefore, Bit King's profit-loss ratio will be very high. This is one of the fundamental reasons for Bit King's extraordinary profits. However, in actual combat, many people tend to give up when profits are good, and hold on to losses when losses occur. They know that this is wrong, but they just can't control it. This is the weakness of human nature. Greed and fear need to be controlled through money management. #bit皇#BTC
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In the trading market, if it rises sharply, it will rise even harder; if it falls sharply, it will fall harder... So,
●When everything is rising, you must choose the one that is rising the most; because from a probability perspective, or in other words, the market is educating you, it is more likely to rise;
●When everything is falling, you must choose the one that has fallen the least; because from a probability perspective, or in other words, the market is educating you, it is the one that can withstand the fall the most...
——"Leek's Self-cultivation"
●When everything is rising, you must choose the one that is rising the most; because from a probability perspective, or in other words, the market is educating you, it is more likely to rise;
●When everything is falling, you must choose the one that has fallen the least; because from a probability perspective, or in other words, the market is educating you, it is the one that can withstand the fall the most...
——"Leek's Self-cultivation"
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Many people are talking about various indicators. Can indicators predict future trends? What indicators should we learn?
Indicators do not predict future trends. Indicators are based on a series of calculations on prices. The price comes first, and then the indicator.
for example:
Take the moving average indicator as an example. It does not mean that if the K line breaks through MA20 upwards, it will definitely rise. This is not how the indicator is used. For example, when it is oscillating, you will find that the moving average is not easy to use. The K line is always going up and down above the moving average. Down.
The correct way to use this indicator is to use this indicator as a rule for opening and closing positions. If it is right, hold it. If it is wrong, stop the loss. Force yourself to implement the rules. As long as you manage your funds well, when you encounter a trend, you can take advantage of it. To the big market. #MasterTonyQuotations#BTC
Indicators do not predict future trends. Indicators are based on a series of calculations on prices. The price comes first, and then the indicator.
for example:
Take the moving average indicator as an example. It does not mean that if the K line breaks through MA20 upwards, it will definitely rise. This is not how the indicator is used. For example, when it is oscillating, you will find that the moving average is not easy to use. The K line is always going up and down above the moving average. Down.
The correct way to use this indicator is to use this indicator as a rule for opening and closing positions. If it is right, hold it. If it is wrong, stop the loss. Force yourself to implement the rules. As long as you manage your funds well, when you encounter a trend, you can take advantage of it. To the big market. #MasterTonyQuotations#BTC
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Fund management, four principles:
1. You must set a stop loss after placing an order. You must set a stop loss. You must develop a habit. You must set a stop loss after placing an order. Do not think that you are hedging or have any luck. If you are still trapped or your position is liquidated, it will happen sooner or later.
2. The stop loss amount for each trial position shall not exceed 2% of the total amount (it depends on your own risk tolerance. I recommend setting it at 1% at the beginning. If you can make stable profits, you can set it to any amount. At your own risk).
3. Strictly stop loss, if the total capital loss is 30%, close the position immediately and exit unconditionally.
4. If you forget to stop loss, you must close the position immediately when you find out. You must not expect to close the position after a rebound or think about adding positions to spread the loss. Almost all the big guys died in this regard. You can carry it 10 times, but if you fail to carry it once, the previous 9 times will be reset to zero.
5. Initial learning. It is not recommended to increase positions. Just open a fixed position each time. #MasterTonyQuotations#BTC
1. You must set a stop loss after placing an order. You must set a stop loss. You must develop a habit. You must set a stop loss after placing an order. Do not think that you are hedging or have any luck. If you are still trapped or your position is liquidated, it will happen sooner or later.
2. The stop loss amount for each trial position shall not exceed 2% of the total amount (it depends on your own risk tolerance. I recommend setting it at 1% at the beginning. If you can make stable profits, you can set it to any amount. At your own risk).
3. Strictly stop loss, if the total capital loss is 30%, close the position immediately and exit unconditionally.
4. If you forget to stop loss, you must close the position immediately when you find out. You must not expect to close the position after a rebound or think about adding positions to spread the loss. Almost all the big guys died in this regard. You can carry it 10 times, but if you fail to carry it once, the previous 9 times will be reset to zero.
5. Initial learning. It is not recommended to increase positions. Just open a fixed position each time. #MasterTonyQuotations#BTC
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