Learn these, and you will never worry about short-term losses again!

Seeing some friends lose money makes me a bit heartbroken. It's hard to say whether one can make money or not, but losing money can still be controlled with some skills. I've summarized a few tips for reference:

1. Never chase high prices

Market movements are fluctuating, and chasing high prices can lead to being trapped at any moment. What counts as chasing high prices? For example:

high and low range, if it exceeds 1/2, don't chase. The chances are 50/50, which can be very distressing.

Some varieties have daily fluctuations of 100 points, and after exceeding 50 points, do not chase, as there may be a pullback at any moment.

If you anticipate a possible upward market, when using Bollinger Bands, do not enter when touching the upper band; you can wait for the price to pull back to touch the lower band, middle band, or the 10-day moving average.

2. Do not catch flying knives

You must wait for the market to stabilize, and the characteristics of stabilization need to be summarized by yourself.

For example, round tops/bottoms, irregular double bottoms, etc. It's important to know that markets that can reverse rapidly are very rare, so don’t rush. However, it is particularly important to note that if a consolidation pattern appears in the middle of the high and low range on the 1-hour chart, it is likely to be a continuation pattern rather than a reversal.

3. Avoid trading during quiet periods

Do not enter after 2:30 PM or after 10:30 PM. The day's market has already played out, trading volume shrinks, and there won’t be much movement, nor is the direction clear.

4. Pay attention to trading volume

When entering the market, make sure to observe the 5-minute trading volume. Think about it: can retail investors produce a large volume of trades without any special news? It must be that the main force is acting. The classic situation is the convergence of moving averages, followed by a sudden increase in volume. Do not trust K-line movements without trading volume.

5. Control single trade losses

If the market is uncertain, try not to enter. Do not take stop-loss as your reason to enter. Have a clear logic for entering the market, set a tight stop-loss after entering, and if the stop-loss is triggered, wait for the right time to re-enter as the entry logic remains unchanged.

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