To Futures: The Road to Futures Trading

Author: Pan Ping
Publisher:
Publish Date: 2006-08-01
Features: This book emphasizes the importance of risk control from the very beginning. Because futures trading is highly risky, sometimes you lose your entire principal before even finding your way. Such a blow is generally unbearable for ordinary people. Of course, sometimes you only truly understand the meaning of risk management after blowing out, but the prerequisite is that you can start over. And only by surviving longer in the market can you seize opportunities, progress, and discover your mistakes. Because you need capital to participate in practice. With prolonged practice, you will naturally find your own methods, correct your mistakes, and grasp major trends and opportunities. Then, in the market, you can change your wrong thoughts and methods. It is rare. Because many people have incorrect psychology and many wrong perspectives. The book lists these reasons to help everyone develop a correct awareness and mindset. Ultimately, we return to specific operational practices. This book introduces a set of strategies for medium-term and medium-to-long-term trading. Because trading is a whole, and if any link fails, success is not guaranteed. You may have a good entry timing, but there will also be mistakes. What should you do when mistakes occur? The market moves in your direction, should you close out hastily, hold patiently, or ride the roller coaster? All these require a strategy to guide you. Strategies cannot be perfect, and even if they are not, operations will not be perfect either. As long as you make big profits and small losses, and maintain a proper profit-loss ratio, you are generally profitable. Over time, your ability will naturally improve, and your interest will also grow. Trading is a process involving planning, monitoring the market, executing the plan, and continuously revising and executing plans. This book presents some cases, both successful and failed, some based on personal experience and others based on hindsight. To help everyone better understand the content. In any case, the book is somewhat worth reading, after all, it only costs 15 yuan. Perhaps, it will greatly benefit your trading. Everyone can buy a copy here at Changyang.