1. Avoid investing with surplus funds. If you invest with the necessary expenses of your family life, in case of any loss, the money will directly affect your family life, and your chances of failure in the investment market will be greatly increased. Because you are already at a disadvantage psychologically with a sum of money that should not be used for investment, it is difficult to maintain an objective and calm attitude when making decisions, so you cannot invest with this kind of money.
2. Know yourself and your enemy. Understand your personality. People who are impulsive, emotional, timid or dare to lose or make money are not suitable for this market. Most successful investors can control their emotions and have strict discipline.
3. Do not over trade. One of the basic principles of a successful investor is to keep more than three times the capital to cope with price fluctuations. If you don't have enough capital, you should reduce your trading. Otherwise, you may be forced to cut your position due to insufficient capital. Even if it turns out that your vision is accurate, it won't help.
4. Face the market squarely and abandon illusions. Don't be emotional. Don't look forward to the future and remember the past too much. An American futures trader once said, "a hopeful person is a beautiful and happy person, but he is not suitable to be an investor." a successful investor can separate his feelings, fantasies and transactions.
5. Don't change your mind easily. Do not change the price and plan set in advance due to the impact of the current price fluctuation. It is very dangerous to make a temporary decision based on the price changes of the day and the market news.
6. Make appropriate suspension of trading. Trading day after day will slow your judgment. When successful investors feel that their mental state and judgment efficiency are low, they start to lose money or even start to lose money. Therefore, a short rest can make you re understand the market, re understand yourself, and help you see the direction of future investment. Remember this: "when you are too close to the forest, you can't even see the trees in front of you.".
7. Do not blindly follow the trend. Successful investors will not blindly listen to others' opinions. When everyone thinks they should buy, competitors in the market will take this opportunity to ship. From experience, the masses are always wrong. Both are in the same investment position, especially when small investors follow up one after another, successful investors will feel the crisis and change their routes. This is the same as the opposite theory: "when most people say they want to buy, they should take this opportunity to sell.".
8. Refuse to listen to others' opinions. When you have mastered the direction of the market and made a basic decision, do not change your decision easily due to the influence of others. Sometimes other people's opinions will appear very reasonable, thus prompting you to change your mind, but then you find that your decision is correct. In short, other people's opinions are only for reference, and their own opinions are the final decision.
9. When you don't want to, just wait and see. It is not necessary to enter the market every day. Initial entrants are often keen on entering the market. However, successful investors wait for opportunities. When they feel confused after entering the market, they will also leave the market first.
10. Make a quick decision. When investing in the market, there are many factors that lead to failure. A quite common situation is that when investors are faced with losses and know that the market can no longer take chances, they often hesitate and fail to make a quick decision. As a result, they are deeply mired and the losses are aggravated.
11. Forget the price in the past. Forgetting the price in the past is also a very difficult psychological barrier to overcome. Many investors are influenced by the price, but their investment judgments are wrong. Generally speaking, after a high price, when the market falls back, you will feel quite unaccustomed to the new low. At that time, even though various analyses show that the future market will fall again, and the market investment atmosphere is very bad, you will not sell your goods at these new low price levels, but also feel very cheap, and have the impulse to enter the market, resulting in a serious increase in losses.
12. Patience is also an investment. There is a proverb in the investment market: "patience is also an investment". It is believed that few investors can do this. It is necessary to cultivate good endurance, which is often the key to success or failure. It is not that many investors have low analytical ability or lack of investment experience, but that they lack patience and buy or sell too early, thus incurring unnecessary losses.
13. Set a stop loss position. This is a very important investment technique. Due to the high risk of the investment market, in order to reduce the loss caused by investment mistakes, we should set a stop loss position before each market entry, so as to limit the expansion of losses.
