Aerospace: Investment Tips (19) What are the tips for trading London gold?

                                                                   preface:
In a short lifetime, everyone has their own path to take. All roads lead to Rome, but there are also people born in Rome, and there are people born in Rome and Egypt. The path that everyone has to take in this lifetime is not the same. Although everyone's path is different, some may be bumpy, some may be smooth sailing. Our destination is the same. We may not be able to compare with those born in Rome, but the world is fair and we cannot choose our origin. Although it is also not fair, everyone's time is the same. Whether rich or poor, high or unknown, our day is 24 hours, and time is the most fair. Things and time will also prove that your efforts are worth it.




Among numerous investment products, London gold is one of the few "wealth generating tools" with a long history but still loved by investors and speculators around the world. The craze for investing in London gold trading has shown no signs of diminishing, and the number of people buying and selling London gold has only increased. Many people have joined the ranks of London gold trading, but investing carries risks and requires certain investment skills
To follow the trend is right, to go against the trend is wrong
goldPrice changes have a certain trend, and the formation of both upward and downward trends is not easy. Once formed, it is difficult to transform in a short period of time. Therefore, unless there has been a significant change in market trends, it is important to respect the trend!
Building short positions at high levels when the gold price rises, or long positions at low levels when the gold price falls, are both counter trend operations, and the consequences are often unimaginable. Because trends are invincible and cannot be stopped by any force!
The London gold trend is the essence of trading, and understanding the trend is the key to making money in the market. Following the trend can avoid losses and generate profits.
Light warehouse is right, heavy warehouse is wrong
The margin system of London gold and the randomness of gold price fluctuations determine the importance of position control in trading. Generally, it is advisable to hold light positions because once the position is very heavy, the mentality will also change, which often affects normal decision-making and trading strategies, thereby affecting trading results.
Position control is the most fundamental and important aspect of London gold trading. An investment guru once said: The true rule of investment returns is that position affects attitude, attitude affects analysis, analysis affects decision-making, and decision-making affects returns.
Contentment is right, greed is wrong
Even if most investors have high levels of analytical skills and technical methods, they will inevitably end up in failure. What is the root cause? It is greed, and the main weapon to overcome greed is contentment.
It's right to take a stop loss to win, but wrong to let things go unchecked
Stop loss is a very important part of London gold trading, as capital preservation always comes first and making money comes second.
In fact, establishing a reasonable stop loss principle is quite effective, and the core of a cautious self rescue strategy is to prevent losses from continuing to expand. On the contrary, due to the margin system of London gold trading, if loss orders are left unchecked, it may not only exacerbate the expansion of losses, but also lead to the phenomenon of account liquidation.
Objective operation is correct, subjective analysis is wrong
History has proven that there is too little time for personal subjective judgments to align with the actual market trends. The root cause lies in the limited resources we have, such as limited time, limited energy, limited funds, limited cognitive abilities, and so on.
Since subjective analysis methods are not feasible, only objective operational methods can be relied upon. But in practice, most investors are always troubled by the relationship between subjectivity and objectivity, and cannot operate objectively.
Objective analysis relies on clear rules. Regardless of whether subjective analysis and objective analysis are contradictory, objective rules should be strictly followed.
To wait patiently is right, to be impetuous and impulsive is wrong
Successful traders will never trade for the sake of trading, they will only take action when the right timing arises. London gold traders must cultivate their patience, otherwise success is difficult.
It is right to increase profits, but wrong to increase positions through being trapped
In actual trading, you should increase your investment in profitable positions, as the profit of a position indicates that the price is moving in a favorable direction for you, indicating that your current operation is correct and you can start increasing according to the actual situation. If the price develops in a direction that is unfavorable to you, you must safely exit under the protection of the first warehouse profit;If the price of gold continues to develop in a favorable direction for you, then you can gain significant profits.
It is inappropriate, and even wrong, to add to a losing position. Because once there is a loss, it already indicates that something is not right. If we continue to increase our investment, it will be adding mistakes to our mistakes, and in the end, it will often develop into an uncontrollable situation.
Being calm and composed is right, while being anxious about gains and losses is wrong
This is aimed at the attitude of traders towards losses or profits. Mature investors, whether they are losses or profits, should achieve the principle of "no matter the wind or waves, it is better than strolling in a leisurely court". The essence of trading is the clash of human nature and mentality. The vast majority of trading problems in the London gold market stem from physical and mental factors. The real challenge between the market and people is always people.


When you fail too many times, you will never suffer in the same place again. Nothing in life is fixed. Your today is not equal to your tomorrow, but today's you may create tomorrow's you. In this short life, we will all eventually lose. You may as well be bold, love someone, climb a mountain, and pursue a dream......