Text /mia goh Senior Trader This article is reproduced and published by the authorized author of Shang Hui, and the copyright belongs to the author.
Senior trader @mia goh wrote his own opinion on Zhihu, saying that most traders who can make a living by trading come up to answer after drinking too much seawater, or outsiders answer. So he reminded that if you really want to make a living by trading, please think carefully.
The following is the content of the article authorized by @mia goh himself to be published to Huizhou merchants:
Background: He entered the market in 2007 and retired in 1 1 year. Transaction type: T+0 products (major transaction warrants, commodity futures and stock index futures) are ultra-short transactions. Initial capital: tens of thousands of liabilities (borrowed from friends), and now total assets (including all movable and immovable property): however,10 million. I saw a friend in front say that the initial capital of 200,000 yuan has reached the peak of more than 200,000 yuan, and I was scolded, saying that TA advocated the legend of stock gods as a liar. I'm not sure about the profitability of T+ 1 products, but as far as T+0 products are concerned, my profitability is definitely not the best. What I know is that professional traders younger than me have hundreds of millions of funds from hundreds of thousands of funds, and friends who are later than me but still insist on trading now have far more assets than me. So believe it or not, help yourself.
The above is the background introduction, but what I want to say is not the story of The Wolf of Wall Street that everyone likes.
What is the experience of trading for a living? I want to talk about the daily experience of traders and the gains and losses of trading for a living.
1. What do traders experience every day?
Trading for a living is to hold positions every day, every hour and every minute to test your humanity. Trading is a very personal matter. The so-called personality determines fate, and everyone's trading style is different. Although they generally follow the trend, when it comes to the profit range of selling points, everyone's psychological threshold is different. Therefore, trading is a difficult thing to gain experience through communication and learning. There's a guy in front @ Quantitative Trading Zhang Zhan said:
After trading for many years, I have long regarded the ups and downs of the market and the changes in books as a habit, and I have long lost the obvious feelings of greed, fear, fanaticism and loneliness. I will only regard trading as the same as other professions, and do my essential work step by step honestly.
I really beg to differ. Although I don't feel much about the changes in the numbers on the books, I am overcoming my greed, fear, fanaticism and loneliness every second when I hold positions. For ultra-short traders, the market changes quickly. How can we be greedy when others are afraid and afraid when others are greedy? I'm afraid I have to overcome human nature to capture my keen feelings in trading. Some friends may think that "playing is the heartbeat". Imagine playing heartbeat for at least 4 hours every day. When you earn it, you feel that you have defeated mankind again. If you lose money, it is an expected mistake. You can only look at the ocean and sigh. If you chase up and kill down (taboo), you can only slap yourself in the face. Every day after the transaction, I feel empty after a serious illness, because I can't think about anything.
Trading for a living, experiencing loneliness and pressure that outsiders can't understand. In front of a friend @ Deng Yuan said this passage:
After nine days, I found that the sky was eighty-one, but after eighty-one, I found that the sky actually weighed ten thousand.
With the determination to die, I finally turned over 120,000 days.
And still on the way. There is no one in front and nothing behind.
I'm impressed. As mentioned above, trading is difficult to gain experience through exchange and learning. Arsenic, honey of A and arsenic of B are difficult to communicate even with peers. In addition, I smoke dozens of big-eared melon seeds every day, and no one wants to analyze why I was smoked after work, so it is my own business to learn and grow again. In addition, the transaction actually depends on the weather. There may only be a market once or twice a year, which basically belongs to one year of closing and one year of opening. At other times, we are basically trying to find out the mistakes, ensuring little profit or no loss, which can be said to be boring.
The above are insiders, and as for laymen, it is even more difficult to communicate. Here mainly refers to relatives and friends around. When the transaction is immature, the pressure that traders have to bear is unimaginable to outsiders. The main answer is to start with debt. At that time, I insisted on asking my parents for money to fill the hole and then looking for a job. However, when the loss reached 30%, the interviewee was in Lacrimosa every day and asked his friend to find HR to do his resume. He is still hesitating how to tell his parents that he has done such an inappropriate thing. Tens of thousands of dollars is a huge sum that he can't repay. During the period, my parents and friends didn't know, only my husband accompanied me. Later, I made a steady profit, and some elders who didn't understand the situation advised me to find a job. After all, in their view, I am no different from the unemployed. And my friends around me may only see that I am well dressed and have free time, but my taste is not enough for outsiders to see.
2. What can you get by trading for a living?
Freedom of time and money. From the outside, this part must be The Wolf of Wall Street's favorite story. But I don't know if I will be sprayed as a liar by my friends. Once again, the premise of freedom of time and money is that traders have been able to make stable profits. Short trading time and stable and rich profits support us to have great freedom in many choices. We can buy our favorite goods, we can buy a plane ticket for a trip, we can give our friends a decent gift, and when we see a patient in need or a national disaster, we can also donate a lot of money. By us, I mean me and other friends who trade for a living. Money is not everything, but the material and spiritual satisfaction that money can bring is obvious.
An interesting experience. Friends who trade for a living should understand that being a professional trader is different from any other profession. Although some people compare traders to self-employed, there are also great differences. Self-employed people always know what will happen tomorrow and what they will do. Unless there is a natural or man-made disaster, they may lose all their money. For traders, natural disasters and man-made disasters can happen every second. If one of them is not well controlled, he may lose everything, but if he is in danger, he will have an opportunity. Every second day may also be the moment when I will succeed, so it is difficult to find a second one every day. No matter what profession a trader is, the only certainty is that it is hard to like doing other professions after being a trader (laughs).
3. What have I lost by trading for a living?
Lack of confidence in life. I know that no one in Zhihu will ask such a stupid question as "Why don't you believe in life when you have so much money?". . I was deeply impressed when I watched the movie The Wolf of Wall Street. My friends and I were crazy and confused in the early days. Don't think too much, we didn't do anything illegal. ) It is difficult to fill the inner emptiness by relying on material things, smoking and drinking, buying luxury goods and partying every night. It turned out to be a road where no one was seen before and no one was seen after. No matter how prosperous, there is nothing in the end. Financial market is a game. Someone must have lost the money I earned, and it was worse than others. I often feel that there is no need for life and death in He Huan. I was unhappy for a long time, because I didn't know what my life was like except making money. I also have a trader friend who suffers from depression. He was not depressed by losing money. On the contrary, he also feels that life is helpless and has no direction. I express deep understanding, because we are all good young people with ideals (shame).
The shrinking of the interpersonal circle. This is related to the nature of the trader's work. Only traders can understand the experience of being a trader. Apart from the financial information of handicap indicators, it is difficult to stimulate traders' G-spot to attract their attention, and sometimes they may notice it. But because there are other more exciting information that they need to pay attention to, it is difficult to leave a deep impression. Therefore, it is difficult for people working on other big platforms to get in touch with people at different levels, and there are not many topics to exchange. In addition, it is difficult to communicate personal information such as profit and loss with outsiders, and the circle tends to shrink. Finally, people who can get together stably are people who make a living by trading.
I've been out of trading for several years now. The years when I made a living by trading were a rare experience in my life. The freedom of time and money supports me to do what I want. I study and travel. In addition to trading, there are poems and distant places in my life.
At the end, I wrote my experience of trading as a retired trader, which may be full of pessimistic views. As far as personal experience is concerned, as for whether trading is a living, please analyze the specific problems.
Finally, trading is a personal matter, and it is impossible to exchange and learn in a short time. Please don't ask questions about trading experience.