So, when is it time for you to determine the direction? Still have to start with the trend of the daily line or even the weekly line. I assume that the market has entered a period of shock, so in any case, the shock will definitely choose the direction in the end. The market will not fluctuate for no reason, there are always reasons, either low, medium-term adjustment or high blocked. Lack of motivation.
So before looking at the shock, let's take a look at what the previous trend was like. If it has been a shock before, then you have to wait until the breakthrough begins. If it was an upward trend before, then you must insist that the price will go up. If it was a downward trend before, then you should insist that the price will fall (in fact, there is a simpler method, which I often use, that is, looking at the moving average. The price is above the moving average, especially above the 60-day moving average. I've never. )。 Personally, I don't think it is necessary to do intraday band operation every day until there is a clear trend.
Borrowing Crowe's investment philosophy, that is, when the market fluctuates in the early stage, you have to wait until the breakthrough and the direction are clear, and then start to do intraday bands. If it goes up and then falls, we must adhere to a one-track thinking, that is, wait until there is important support before doing more. If there is no key support nearby, we should judge the range of callback, that is, 38.2%, 50%, 6 1.8%. Crowe stressed that admission should be made when the callback is 45%-55%. Similarly, don't change direction easily, absolutely not.
Now I want to refine the operation of the intraday band. When you determine the current trend, there will be no hesitation in the intraday band. I've had this problem before. What am I doing in this position? Or are you short when you are blocked? Support level resistance level is usually two-way. When you are hesitant, you may have missed the price and the right point, thus missing a good opportunity to enter the market. I can only look at the closing price and chart and regret it.
Not now, because you know, you have determined the direction of today's trend, such as rising, so stick to breaking through the high point and do more, and do more when falling meets support, and keep closing like this. After simplifying the operation and determining when to enter the market, I will talk about how to stop loss and how to take profit.
In fact, the question of how to stop loss is a cliche. Everyone basically knows several commonly used stop losses, but I want to emphasize that the intraday price you made will never come back after breaking through the high point, and it will still come back after falling. In other words, your profit is not unlimited, the profit of one operation is limited, and you can't amplify the stop loss to filter the signal. I definitely don't think it will break high or stand still.
So I insist on a small stop loss, and a stop loss of 3 or 4 price points is enough. When you open a position, the price is in the opposite direction. It can be used up quickly, and it doesn't matter if you earn less money, but at least you can avoid a huge loss caused by a wrong hard shoulder. In a Bible that we often talk about in futures, the biggest secret of investment is to keep the principal. You are wrong, the market has gone up again, you can go in again, you are not afraid of anything, just do it again, it doesn't matter.
Say some dry goods you think:
1. There is a fixed loss every day, which is an absolute stop loss.
There is a fixed profit every day, that is, you will appear when you reach the profit.
3. Stop loss or take profit every day, shut down and leave.
4. Stop loss: take profit = 1: 1.
5. Repeat the above actions.
If you are still a loser, don't ask me why. Will Li's coach explain to him from the beginning why this action is done like this? No, repeat the above actions and keep tempering in the process. As long as they are normal people, they will always know something, then cut it slowly, and finally fix the technique, and the work will be self-contained.