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What are left-handed trading and right-handed trading in crude oil investment?
1. What are left-handed trading and right-handed trading?

According to many years of trading experience, there is no absolute concept and standard distinction between left-handed trading and right-handed trading. Therefore, PetroChina gives a general qualitative description here:

Left-handed trading: that is, see-price trading mode. In a certain period of time, before the staged highs (or lows) in the crude oil market appear, direct trading, that is, trading to the left of the potential highs (or lows) in the market, belongs to left-handed trading.

Right-handed trading: reference signal trading mode. After a certain period of time, it is determined by certain judgment criteria that the staged high point (or low point) of the market has appeared and been confirmed, the transaction on the right side of the high point (low point) belongs to the right side transaction.

From the above general definition description, left-handed trading and right-handed trading seem to be only transactions on the left and right sides of a high point (or low point), which seems simple, but in fact, to truly understand the essential difference between them, we must first understand the following two key points:

1, left-handed transactions and right-handed transactions are also differentiated by time period level. Right-handed trading in small-scale circulation is likely to remain left-handed trading in large-scale circulation. Therefore, when discussing and considering left-handed trading or right-handed trading, we must first clarify and determine its time period level! This is the most basic premise!

2. How to judge the stage highs and lows? Different standards and analysis theories will get different conclusions, that is, what tools or theories are used to judge the so-called "high points" and "low points", which is the most critical! It is also the essence and core of truly understanding the difference between left-handed trading and right-handed trading!