How to invest in spot gold without losing money

Today, I did not give you a detailed account of some of the investment weaknesses in human nature, but the teacher believes that the root of all evil is desire, then investment is greed.

Don't blindly pursue Buffett's "others fear you are greedy, others are greedy you fear", you can't reach his height, then everything about him is useless to you, only the one who suits your situation best gives you Friendly reminders or trading insights are the panacea for saving you!

What can I do to help myself establish a good investment philosophy and trading mentality?

1. It is neither light nor heavy. There is no profit in a light position, but it is also a flame that breeds anti-single mindset. Because the position is light, after the list is reversed, you will wonder how many points the current fund can resist, and the market should be able to come back from a loss to a profit.

Long-term trading in light positions will gradually dilute your understanding of risk control and crisis. This is the reason for boiling frogs in warm water. A heavy position is a blog, which means that you have defeated the market, either turning positions or exploding positions.

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2. Strictly stop profit and stop loss. Stop loss and profit are difficult for investors to really understand at the moment, but simple loss will make their funds shrink, and stop profit will bring you a lot less profit.

And many friends have said that they will return as soon as the stop loss market is reached. Then I tell you, there is also a skill with stop loss and profit. Stop loss is to allow you to control within the controllable range.

If you learn how to take stop loss and take profit, you will find this thing is awesome. It saves you too much mind. Take profit is to allow you to take profit and close the position promptly when the market changes rapidly or when you have no time to take care of the position. 

3. Never go against the market, recognize when there is a mistake, and change it when you know it. Everyone understands what a trend is, but few people can really understand the trend.

When your trend judgment is wrong, you will give yourself a psychological comfort. If you fall, it is for better growth. How do you rise without falling? Then in the transaction, you will be stubbornly long, and the position will continue to increase and continue to enlarge, and you will continue to add gold to continue to verify your trend.

In fact, as long as you admit a mistake to the market, make the wrong order and stop the loss in time, follow the trend and make a wave, which will probably make you a lot and make another profit.