Should we catch up with stock exchanges?
After a slight rebound yesterday, the China Securities Market jumped high and rose sharply today, making it a dazzling star stock in today's market. Today, FXI is up 21%, and YINN is up 64%. Seeing this kind of increase, many people wonder, is this a reversal in the market? If so, if we don't catch up now, wouldn't we miss out on a perfect surge opportunity? How can you tolerate being tormented by this fear of missed deals? In fact, calm down and think about issues such as whether to chase, how to chase, what are the risks of chasing, etc., you still have to set your mind, analyze them carefully, and then make a decision. Instead of blindly following up and going long just by watching the market rise. Judging from the fact that Tencent and the Hang Seng Index have now fallen below their strongest long-term support, the current rise in China Securities should be a rebound rather than a reversal. Therefore, since the opening of the market today, according to the plan, FXI and YINN have been reduced in batches as they have rebounded. The reason is that although FXI recently broke through the GMMA 2-hour pressure range, it is still in a downward trend, and its strongest pressure level is around 37. I have personally experienced that gradually reducing one's position during a stock rise is actually a very difficult thing to do. The stock market is rising well, and today's major indices are also so powerful. Why should we reduce our stock holdings? In fact, this is also a sign of the FOMO mentality, fearing that they will make less money. This mentality has influenced me for a long time. Operating stocks with this mentality, apart from chasing ups and downs, is a rollercoaster, and there is no profit to speak of. Since I have learned technical index analysis methods with my mentors, used GMMA indicators to analyze support and pressure levels, judge and plan entry and exit points, and operate according to the plan, I have slowly realized the importance of rational operation. Being able to have this kind of understanding is still due to my appreciation of following my mentor's reading notes and studying the legendary experience of Wall Street stock master Jesse Livermore. For those new to the stock market, instead of buying stocks indiscriminately, it is better to start learning by reading books related to stocks. If you are interested in studying, you can search the Internet for Jesse Livermore's financial reading notes. I believe you will also gain a lot.
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Ferdinandy : $2400 in 5 years.
3313 : Because of the words of the Chinese government, but how can the United States let it be too high? Like ali
Mr RayLiang : Don't chase, you'd better wait until you step back to confirm the upward trend.
Chuan Zhao : Continue to reduce positions, after all, the trend fell, the rebound can only be treated as a rebound.
Snowy Tulip : Do well in risk management.