Introduction In 2018, for Rinly, one thing that cannot be avoided, is under the title of “genius trader” on the Journey of Trading.
As a guest of the second phase of the column, the importance of visible.
The attention of this issue is really very bright.
As of December 9, 2019, the number of views on the main website of Jinten Data alone is nearly 220,000, and the number of comments is nearly 500.
A year later, has the teenager’s profile waned?
Let’s look at the facts — on October 26, 2019, the Traders Alliance held the first private meeting for international senior traders, and Rinly was invited to participate in the round table. On the day of the meeting, almost everyone asked “Where is Rinly?”
Visible, he is still hot in the “trading circle”.
As 2019 comes to a close, I have a new curiosity about the boy genius: Is he getting better?
How did he trade this year?
Is he still doing so well?
Does he really not bend over?
With these questions in mind, I find Rinly and talk to him about the past year.
01. “I’m not a genius trader.”
What I most want to know before we start talking again is whether Rinly thinks he’s a genius trader.
“You are perceived as a genius player. Do you consider yourself a genius trader?”
“I wouldn’t call myself a genius trader.”
“So how do you define yourself?”
“I am often can make up for the stupid, stupid bird fly first.”
Rinly laughs that trading is a world of experience, and when you put in the time, you can make money.
After the show aired, it had a great impact on his life and he met more people in the same field.
Rinly admits that he was bored with trading, which led to loneliness.
Now, by widening the boundaries of conversation, we beat back this boredom.
“What kind of trading friends do you like?”
“I look for friends, whether you make money or not, be honest.
A man who has the courage to admit that he can’t make money is very valuable. If he can’t make money and insists on making money, we can’t be friends with those who lose.”
In the market, no 5 out of 100 people can make money. For Rinly, having the courage to admit mistakes is a very valuable character of a person. Only when dealing with such people can he be happy.
02. “I had a flash crash this year and lost almost 37%.”
Of course, the best part of trading is making money.
In 2019, Rinly’s personal operation amount was USD 2 million, the annual return rate was 33%, the maximum withdrawal was 37%, and other times it remained within 12%.
“On January 2 of this year, I experienced a flash crash of a liquidity shortage. I fell more than 1,000 points before I managed to stop my losses.
This is the most impressive trade I’ve had this year. I’m not in the mood to talk about anything else.”
At more than 5am on January 2, Rinly chose to go long Australia, the United States and the United States and Japan. The order he placed the night before was sold out the next night.
As for what went wrong, he readily admitted that he had gone against the trend (birds of a feather flock together, no wonder he likes to make friends with people who are not afraid to admit their mistakes).
“Australia-us and US-Japan have been down, but I’ve been long both of them, and that’s the way to crash the other way.”
“You know the trend is going against you, and you’re doing this?”
“I also want to buy a small bottom, did not expect to fall so much the next day, this lack of liquidity flash crash, is the biggest in 10 years, usually I can make a little out of the flash crash.”
Genius can also be greedy, can collapse, can also be hard to carry, can also be a big loss, so it seems no different.
But the commonality of such losses is less about the personality of an individual trader than how he reacts afterwards.
After Rinly experienced the crash, he did not suspend trading, but gradually recovered over several months of trading.
“It’s not the biggest crash in years. It’s normal. You can’t lose money on a trade.”
Rinly’s good mentality is always the same, he is more precocious than his peers.
Growing up, he knew what to do and what not to do, and when things got to a point, he knew how to stop.
A trader knows how rare it is to know when to cut a loss, when to cut a gain, and when to take an order.
As a result, Rinly believes that many times he makes not the best choice, but not the worst trade.
Did he ever stumble, you ask?
Ha, that’s a lot.
He claimed that the stock exchange double kill, just began to enter the market, bought some stocks out of the market.
When the pullback resulted in losses in the tens of thousands of dollars, it was common, but he had a knack for making those losses back in a month or two.
After all, he’s not a broken man. He’s used to bouncing back.
“You have to have confidence, and you have to have in your bones the qualities that will make you money, including discipline.
Even if you’re a white boy, if you have a lot of discipline, you’re a good fit for the market and can make a lot of money.”
So much for being mentally strong.
To be strong, Rinly’s solution is simple, opt for fitness, or meditation for a week, with no electronics and only water when hungry.
“Are you breaking the valley?”
“Almost, you have to practice.
True self-discipline, is to be hard enough on their own, to push themselves to the wall, to have an effect.”
03. “This year, I started my own business.”
This year, Rinly, who is independent and self-disciplined, accomplished his small life goal: owning his own company.
After three or four months of preparation for the interview last year, Rinly officially resided in Shenzhen in November, which was accompanied by numerous pressures.
“Starting a business and trading your own business are really different things. It’s so hard.”
Currently, Rinly has a team of eight people and focuses on providing clients with financial instruments and investment advisory services.
After pulling the team together, his daily considerations include but are not limited to rent, personnel costs, everyone’s life, the growth of the company, the availability of trading tools, operating capital…….
In the process of pushing forward the business, he felt the difficulties from the industry.
Now the market has given them a bad name for what they’re doing, in general, because there’s so much opacity.
Fortunately the exterior wall is difficult, does not hinder his career alone beautiful.
Since its establishment, the number of customers of the company is very considerable, which is largely due to the rise of his fame after the show appeared on the street last year. On the other hand, it depends on the introduction of friends.
“The main thing is trust. Who do you trust to vote for me?”
In contrast, the standards of Rinly aggregator partners are very Buddhist, reaching a moderate level is acceptable.
As for trading years and earning a lot of money, he is not looking for the first factor, can do a relatively stable.
“Stability is a false proposition, this thing doesn’t explain, you can say in a few months you can make money, every day, every week, every month, that kind of person can not exist.
Our investment cycle is more than six months, so I don’t think about your short-term performance.”
Up to now, Rinly’s total investment in the company is close to RMB 1 million, most of which is spent on operation.
When he is busy for the company, don’t forget that he also has to juggle his studies, coming January, he will go back to Shandong to take a number of exams.
Last year, he was a solitary student with poor grades. This year, even if he started his own business, it doesn’t change the fact that he is a poor student.
“Academically, just graduate.
Career and education, like family and career, are simply not balanced.
If you want to do a good job, you can only give up one. Of course, you can choose both.”
“That’s right, strong approval from the foam!”
Poor students naturally have the pursuit of poor students.
After graduation, he plans to stabilize the company in five years and then take a postgraduate or doctor’s degree in finance.
In his opinion, when the company develops to a certain degree, there will inevitably be obstacles caused by education, and then the company will continue to develop after completing this goal.
When it comes to the company’s growth in the coming year, Rinly is confident, even though the $1 million will burn through.
His annual return target, at a discount of 60%, is 100% at his previous level, with a pullback of less than 15%, not much different from this year.
Speaking of operating funds, he set himself a price of $5 million.
“If I stay where I am every year, I have a lot of room to grow.
Below $20 million to $100 million, you don’t need to change, and above that you need to change the logic of the deal.”
Rinly’s goals sound reasonable to me.
At least it’s not whimsical, but it’s consistent with his preferred path of sustainable growth.
04. “I’m sticking to my guns.”
Unlike the changes in his life experience, Rinly’s trading practices have not changed much from last year.
Every day is still sleeping, trading, eating, fitness these four things to fill.
He continues to use ultra-short and intraday high-frequency trading.
It is a habit to make a good trading plan for the next day after the night of trading, and adjust it at any time if there are changes.
“We plan at night, and most trades follow the market. We don’t mean to execute immediately. In the short term, we may change our plans at any time.”
Stop-loss and stop-profit: Because volatility has been so low this year, Rinly adjusted his stop-loss and stop-profit.
Compared to last year’s fixed upper and lower stop loss of 100 points, now the maximum is not more than 30 points, and last year’s stop profit can reach 4 to 50 points, this year’s 2 to 30 points is quite high.
Use of indicators: Rinly still does not look at indicators this year, and uses “bare K+ time period” to make orders.
The advantage of his single-tasking approach is that it incorporates time cycles.
Winter time generally starts at 4 p.m. to continue a wave of market, 4~6, 8~10, 11~12, until 2~3 a.m.
Daylight saving time starts at 3 p.m.
“The lag problem of indicators is that the indicator is usually formed after the graph is finished, so your future indicator is equivalent to gambling.
You can use indicators to see strength. I usually use RSI to see strength and then choose which breed to trade that day.”
Position management: Last year, he controlled 20% of the position management, this year it is about 6%.
“If I have two flash crashes this year, I’ll be broke.
The bottom does not change, or short – term, ultra – short – term, according to the time period, but the position to change.”
Trading right or wrong: “Making money is right, losing money is wrong.”
“What about the black swan?
“Black swans also represent gains and losses.
It’s a cruel business. You always say you’re right, but when you lose a year, who believes you’re right?
You’re looking in the wrong direction, but if you make a year, you’re right because you’re still alive.”
Rinly believes that the industry is very superficial in terms of right and wrong based on wins and losses.
You have to live long enough to earn a lot.
He cites Livermore, who wrote a book and followed many others, as an example, but ended up going bankrupt instead of Warren Buffett, who is now comfortably old.
“If you live your whole life, it’s enough to win steadily. I’m a pragmatist. I live in the present.”
Rinly admits that his success is unrepeatable and that he is blessed with luck.
“I have never been lost, because I have been helped at every stage. I just have to follow it. I don’t want to make mistakes again.
You must have luck. I probably got it in a previous life.”
He thinks he doesn’t have the best trade because his better trade is “next time,” and quips that he made his fortune this year by eating pork stocks from start to finish, which have more than tripled.
In 2020, Rinly plans to increase the share of investment in the stock market, especially the investment in the stock market, relying mainly on the short term.
“The market will go down, but I don’t expect it to go below 2,400.”
On the other hand, his adjustment in foreign exchange has taken the form of switching all currencies into sterling, which he predicts will continue to rally a year after the election.
Rinly has a sense of mission for the development of the current market. He believes that the problems lie in the lack of transparency and imperfect laws.
It will take at least 20 years from now to reach a state of relative equity.
“It takes our generation to make an effort.
Start changing now and the future will be good.”
He says he will leave the market one day, around the age of 40.
Wall Street still wants to go. After all, making American money is more fun.
If he were asked to say one thing to himself as he prepared to enter the market six years ago, he would surprise me with his answer: “Stop trading and study.”
“But you got a lot.”
“I regret it every day. I went into the market as deep as the sea.”
I think, behind this sea, hidden is Rinly’s 20-year-old age, 30-year-old face, and 40-year-old heart.
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