Stocks opened high and closed low.
$Tesla (TSLA.US)$ Last week, the market should have consolidated in the range of 280-315 before rising again, but it did not! If there is no short-term pullback and the continued rise, it will be a disaster in the future! If you are currently profitable, it is recommended to exit first and not chase higher. When the building collapses, you will not be able to escape.
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1分利 : I feel there will be another wave of selling off before the market opens today.
Cenvin OP : You all only know about the rise, but also recognize in your hearts that this kind of rise is unhealthy. When you make a profit of 100 yuan, you start to expect 120. When you make a profit of 120, you will expect 160. When the profit drops to only 80 from 120, you expect to regain the profit to 120 and exit. However, the stock price does not rise again, and you do not leave with your profit. Finally, you start to incur losses.
Cenvin OP : I currently do not see any news that can support an increase in this stocks, only your soaring emotions. And when everyone's emotions are running high, this is not a good thing! Of course, you may make a short-term profit, but soon you will also lose money due to the same situation.
Cenvin OP 1分利 : Rising is a good thing, but I hope everyone knows that currently it is standing at the 315 level, with a huge gap below at 280. This is a hidden danger.
104843395 Cenvin OP : What do you mean by 'gap'? Is 280 a support point or a resistance point?