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Experience sharing from 7 of the world's top investment masters: What is the mos

2024-08-10

The world of "trading" is an extremely crowded place, where countless traders jostle each other every day and rack their brains to study whether to buy or sell. However, only a small number of people can truly succeed. What are the trading secrets of these so-called "trading masters"? What is the most important point they focus on during the trading process?

Today, the editor has organized and summarized the insights of 8 top world trading masters, let's take a look together!

Larry Hite: The most important thing in trading is to follow the trading system and risk control

View 1: If I'm wrong, I have to get out of it quickly. As the saying goes, "As long as the green mountains are there, there will be firewood to burn." I must maintain my strength in order to make a comeback.

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View 2: Most traders, when suffering significant losses, always hope to make up for it immediately, so they do more and more. However, once you do this, it is destined to fail.

View 3: Anyone engaged in trading may experience a period of continuous profits, such as being able to make a profit for 12 consecutive days, but in the end, I will definitely feel very tired, so I will immediately reduce the business volume after continuous profits or significant profits.

Marty Schwartz: The most important trading principle is capital management

View 1: The main reason for continuously losing money and losing everything is the lack of patience, which leads to ignoring trading principles and not being able to wait for the market trend to become clear before entering blindly.

View 2: Nowadays, trading opportunities that meet the profit principle are becoming fewer and fewer, so you must patiently wait, and whenever the market trend is completely opposite to your prediction, you might as well quit.

View 3: There are many quite good traders who, in the end, give back all the money they have made, because they are unwilling to stop trading when they are losing money.Michael Marcus: The most important thing in trading is patience.

Viewpoint 1: The most common mistake made by many traders is that they trade too frequently.

Viewpoint 2: The reason we can make profits is that we have patiently done a lot of work before entering the market.

Bruce Kovner: The most important thing in trading is risk control.

Viewpoint 1: Traders are like boxers, the market can hit you at any time, and you must remain calm. When you suffer a significant loss, your emotions will inevitably be greatly affected. You must reduce the scale of operations and consider the next trade after a period of time.

Viewpoint 2: Whether it is a big loss or a big profit, you should maintain a calm mind. Analyze a trade every day to see if there are any violations, think about why the good trades were successful, and for the bad trades, self-examine and find out the crux.

Viewpoint 3: Executing trading rules calmly should allow you to grasp most of the market trends beyond history.

Richard Dennis: The most important thing in trading is calmness.

Viewpoint 1: Do not predict the direction of the market movement before it starts, let the market movement tell you the direction. Choose and wait for an absolutely safe opportunity to attack, otherwise, you can only give up.Viewpoint 2: Do not let the joy of profit dazzle your mind. You should know that the most difficult thing in the world is how to continue to make profits. Once you make money, you will hope to continue to make more money. In this way, you will forget the risks, and you will not doubt the correctness of your established trading principles, which is the cause of self-destruction.

Paul Tudor Jones: The most important thing in trading is self-discipline and fund management.

Viewpoint 1: Trading and psychology are actually two sides of the same coin. The financial market is a good place to test personal psychological barriers. What happens to oneself must be a reaction of one's mentality.

Viewpoint 2: When trading, you should actively do well in yourself according to the flaws of human nature. For example, when the operation is not smooth, facing losses, you should continuously reduce the volume of operations, or even stop operating, instead of increasing the transaction emotionally in order to regain the situation, because this will definitely result in heavy losses.

Viewpoint 3: The vast majority of people have a gambling mentality when trading, and they like to enter and exit with heavy positions. But from ancient times to the present, no one who operates with heavy positions has survived. You must control each loss within 5%.

Eddie Seiko: The most important thing in trading is to be willing to change yourself, otherwise you will never succeed.

Viewpoint 1: Some people will change the trading system when they lose money, while others do not believe in the trading system at all, so they often enter and exit the market according to their own preferences. I always follow the trading system. I engage in trading not for excitement, but for victory. Such trading may be quite boring, but it is quite effective.

Viewpoint 2: Controlling risk to the lowest is a very important thing. You must understand that the higher the risk of each transaction, the more difficult it is to control the trading results. As long as you can control the risk and follow the market trend, you will definitely make money.