A few tips for all gold speculators
To invest, especially to invest in gold, traders always need to have a good plan. However, according to previous surveys, many traders have been in a state of intense bullish psychology. Needless to say, at any time, it is a side worthy of caution. This paper is to give some advice to all traders who are speculating in gold.
1. It's too normal to make mistakes
No matter which trader will make mistakes, one of the secrets of those successful traders is not to make repeated mistakes. Every trader has his own defects, and what traders need to do is to minimize their own defects.
2. Don't invest in emotion
If traders invest too much emotion in investment operation, there is no doubt that it will eventually be a failure operation. Instead of being sentimental, it is better to regard investment as a business. Many traders will always have some clear ideas after suffering losses. In fact, the losses have been caused, so they should reflect on themselves and look forward.
3. Don't think like an ostrich
When traders encounter failure, they just wait for the gold market to pick up and make profits instead of reflecting. This is actually the most ugly thing. I'm sure that if they continue to do so, there will be another mistake. To learn to adjust their thinking, to cater to the market, do a good job in specific analysis, so as to better do investment.
4. Be prepared for all kinds of scenes
As a qualified trader, if he wants to survive in the gold market, he must have measures to deal with all kinds of scenarios. In fact, there is another trick. When he enters the market, he assumes that he denies his analysis. For example, if the trader is bullish, he will always deal with the market well, which will give him the possibility of being caught off guard. For another example, trading If there is doubt about the rising point, we can not rule out the possibility of a sharp rise, because everything is not inevitable, and we can never forget that the market is right.
Although it seems that the above ideas are very simple or unbearable, they can really help traders survive better in the current market environment. However, the first thing is patience. Only by being patient can traders show their skills when the market fluctuates.
[disclaimer] the publication of this article by finance managers for the purpose of transmitting more information does not mean that they agree with their views or confirm their descriptions. The content of this article is for reference only, and does not constitute an investment proposal. Investors operate on this basis at their own risk