Jones's career has not been smooth transaction. In 1979 he seek temporary Yong, too much time into a single result, even the case of circuit breakers, and other financial losses when playing single-level two-thirds. He was extremely despondent, almost completely lost their confidence, almost diverted. Since then he began to learn to control risk, comply with principle.
Jones believes that the most important thing is to do a single defensive rather than offensive. Every day he assumed his all into every single one wrong, good pre-_set_ stop-loss position, so that he will pay for up to a number of hearts. Jones would like to advise all traders do not try to be brave, but not conceited. To keep doubt yourself, doubt your ability, never think highly of himself. Smug as you're finished. This is not to say they have absolutely no confidence, confidence must be, but enough is enough. Jones made his own trip is getting on this fear, because he knows how hard to keep score. Every time big losers are often in a row and made some pretty good feel after a single occasion.
Jones to do a single policy difference. He would not go along, with little recovery potential, the potential always like to turn the occasion to make money. Since he was the largest opportunist. Once he found the opportunity to reveal all the details, or throw it approach the top. Immediately cut the wrong one, and then try again, often after a few tries began to make money. Many people think that blindly on the market to find the bottom or top of the very dangerous potential to make money the best grasp the middle. Jones has succeeded in seizing the past decade a number of top and bottom. Jones's theory is that with the potential to make money for people in the middle, stop order would have _set_ very far, if forced to cut a single, large losses. Furthermore only 15% of the market have the potential case, other time is to go across. So he prefers to do two.
Jones, the foreign exchange market that can not be manipulated by anyone. Most people kind of illusion that can control the market price of the Wall Street big changes. Jones said he could approach naughty a day or two, or even a week, especially if the timing is correct, his approach Hou Jiajia oil, may cause a false impression, but he stopped buying, the market price will fall, unless market itself is very strong. He punched a vivid example: you can in the depth of Alaska's most beautiful summer to open a shop, but no one buys, you would nonetheless be bankrupt. Jones also paid attention to listen to the views of colleagues, especially colleagues better record. If their views and they agreed, he would do a bit more, if there is a great difference. He would wait and see. That he was optimistic about a currency to buy, but that a certain expert in the throws, he patient. Until one day the market began to go flat, the man said; I see the appearance, he would approach a new purchase. Jones, specific analysis of the most respected means "Elliott Wave" theory. He believes his success should be attributed a large part of the cycle theory. Elliott wave theory is the golden section method with periodic ups and downs of a projected market analysis, stock and futures markets in the widely adopted. Jones believes the foreign exchange market is no exception. Elliott wave theory thoroughly, they can help you find a lot of low risk and high returns into a single opportunity.
Speaking of success, Jones believes his strengths are detached. Things have happened to any of the past, 3 seconds does not matter what happened before, the key is how to do the next step. Emotionally farther away from the market to the previous view must not be revised. Thought to be liberal, faith must be firm. Although he preferred to do two, looking for reversal, but they front funds are also used several _set_s of computer trading system with the potential, performance is also very good. But Jones believes traders should be more than a good computer system can make money, because the human brain can be flexible and adapt more quickly to market changes, as well as the differences between different markets. |
|
|