EagleTrader Trader Interview | Waiting patiently for the best points is the key to trading

This EagleTrader interview welcomes trader Zhong Jianbin, who has been engaged in foreign exchange trading for 10 years. Ten years of market polishing have allowed him to form a clear and resolute trading philosophy.

When he first came into contact with trading, he found that he not only likes trading, but also loves the challenges in it. “When I first came into contact with trading, I found that I like and love trading very much, and constantly improve my shortcomings, including my personality in trading.” This process of enthusiasm and self-cultivation has become an important driving force for him to persist to this day.

After passing the EagleTrader exam, he decided to operate his profit-sharing account in a full-time state. In his opinion, trading is not only a way to make a profit, but also a practice of mentality, patience and execution.

Decision-making methods and trading systems

In terms of trading decisions, Zhong Jianbin’s trader’s style is very distinct: technical analysis accounts for 80%, fundamental analysis accounts for 5%, intuition and experience account for
15%. For him, the key to long-term stable profit is a calm and restrained execution – “Patiently wait for the trading signal to appear, do not fantasize or expect where the market will go, according to real-time K
Determine whether to open and close the position when changing the line price. “

His strategy mainly relies on moving averages to judge directions. “The last major modification was in June. I mainly made orders based on moving averages, and will combine K in the future
Line to find out the key points of every day and study where the moving average of long and short strength is reflected. ”

He always emphasized that trading is a manifestation of discipline – “Set the stop loss before placing an order, and do not change the stop loss during the holding process. “In terms of the implementation of the plan, he said firmly: “Yes, I will formulate a transaction plan and strictly implement it. ”

Risk and Loss: From liquidation to maturity

The ten-year trading experience has not been stable all the way. Zhong Jianbin, a trader admitted that he had also experienced liquidation. “I had a liquidation position. At that time, I entered the market without a good analysis. I had heavy positions and placed orders frequently. I always expected the market to reverse the direction I was doing, and I hope the market would make me payback. ”

He knew the harm of this psychological: “This kind of expectant mentality is incorrect. It should be based on the market trend, point, etc. If you are wrong, you must close the position immediately. ”

When facing risk control, he insisted on not changing the stop-profit and stop-loss at will, “keep the stop-profit and stop-loss without changing it, and reduce the position to a reasonable position. “Even if the position increases and there is a loss, he will follow the established plan. On the contrary, when there is a profit retracement, his handling method is”Set a guaranteed stop loss and continue to hold” to make profits prolonged without termination due to emotions.

He has clear boundaries for risk tolerance – “Assuming the risk that can be borne is 100 points, I expect to occupy 5 points of risk per transaction on average.”

Taking gold trading as an example, he shared a specific experience: “I make a profit of US$5 each time I place an order. After the maximum drawdown occurs, it takes me an average of 5 trading days to return to the highest point of the previous net value.”

Market preferences and trading mentality

Unlike some traders who prefer stable markets, Zhong Jianbin traders prefer volatility. “I like markets with high volatility. Volatility depends on whether the transaction is active. The more people trade the market, the more active it is. When encountering key points, the greater the volatility will be, and it will be more operational.”

In his opinion, an active market contains more opportunities, but traders also need to be patient enough to wait for the right entry point.

This kind of patience is also his participation in EagleTrader
The biggest gain of the exam. “Before placing an order, you must have a trading plan and strictly follow the trading plan; be patiently waiting for the best point to appear; when the market trend is not clear, wait patiently and wait until you get out of the trend before judging the key point, and then wait.”

Suggestions to new traders

For just joining EagleTrader
The new trader also gave sincere suggestions: “Treat exam accounts as rigorous as your own real accounts. Although there are major drawbacks, you should also control the drawdowns as you do in the real accounts, find good points, and set a stop loss.”

The years of trading experience made Zhong Jianbin deeply realize that the core of trading is not prediction, but execution. Patience, discipline and risk control are the cornerstones of long-term and stable profits. He used his experience to remind every trader – don’t fantasize about the market, but wait for the market; don’t rely on luck, but on the system.

Tempering in fluctuations and growing in execution is Zhong Jianbin’s trading method.