Spot crude oil operation should pay attention to the following five points:
1, try to avoid holding positions overnight. Because crude oil investment is continuous for 24 hours, and in the most volatile US session of the market, the domestic market is at night, and it is easy to cause losses by holding positions overnight. If it is inevitable, you must set a stop loss and a take profit price.
2. For setting the stop-loss and profit-taking price, you can refer to the 5-day moving average and the 20-day moving average of spot crude oil to set the stop-loss and profit-taking price of spot crude oil more accurately.
3. Avoid Man Cang operation. Crude oil products fluctuate violently, with considerable ups and downs. Spot crude oil investors can try their best to control the risk within an acceptable range.
Judging the general trend depends on what happened in the market. There is nothing wrong with drawing conclusions based on market dynamics and following the market. Then be careful when you are in a band.
5. Seize the trading opportunity. Spot crude oil investment is an investment method with enhanced speculation and increased speculative opportunities. Therefore, when it's time to make a move, make a decisive move in and out, and stay away from greed and fear of not wanting to sell.