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Antony Chang Private ID: 70791452
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    Antony Chang reacted to and commented on
    Recently, the price of a social media giant has plummeted. I saw N people hurriedly “scavenging the bottom” on various platforms. I thought I had found a big bargain, and as the stock price continued to fall, I started to panic again. Actually, in my opinion, I need to figure out my role in the stock market first, and then do something loyal to that role. If you think about it, what kind of image would it be to wear a Taoist uniform and read the sutras in a temple every day? If you consider yourself a long-term investor, always optimistic about this company, and encounter a sharp drop, you think this is a rare discount opportunity. Then you can continue to invest in the long term, just hold on to it. Don't worry too much about the time costs
    If you're just betting on it, it will bounce back. So you need to have a basis for gambling, right? On what basis? technology? news? Feeling? No matter what you base it on, please continue to rely on it.
    I'm currently based on technology, so I haven't joined; I'm still waiting. I've heard the phrase “fall sharply, don't break the bottom” from my teacher a long time ago. The logic behind this sentence is the same as what we often hear, “If you stand on the cusp, even a pig can fly.” The reflection is to follow the trend and do more with less. I will continue to explore technical indicators such as GMMA, parallel channels, and minimum resistance levels. Contrast my conclusions with the views on this subject mentioned in the teacher's daily two-day video, and wait patiently for the opportunity. It's like a hungry wolf waiting for its prey. The social media giant is a real piece of meat. I want to make sure I'm eating meat and not a moustache.
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    Antony Chang reacted to and commented on
    $Meta Platforms(FB.US)$
    $Invesco QQQ Trust(QQQ.US)$
    The market has been turbulent over the past week. QQQ recorded its biggest decline since 2020, and could drop 4% in one day; Facebook, on the other hand, fell 26% a day due to a thunderstorm in financial reports, which is even worse than the gross bill. Yesterday, a friend of mine told me that he saw that Facebook had dropped by about 20%, so 239 entered the market to check the bottom. Facebook continued to decline after going to the bottom. He continued to go to the bottom, and there was no stop loss...
    I had the pleasure of following my mentor Wolf King's reading notes to learn what is the proper way to operate the stock market. King of Wolves: Buy more as the trend rises, don't fill up your position more and more when it falls! This is an absolute truth. The stock market experience can be understood through one's own experiments. A more effective method is to learn from other people's experiences.
    Translated
    Don't fill up your position as it falls
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    Antony Chang reacted to and commented on
    $S&P 500 Index(.SPX.US)$
    On the first day of the Year of the Tiger, I wish the viewers who read this post a happy Lunar New Year.
    Looking back at 2021, the world spent a second year in the midst of the pandemic. Countries closed down cities, people protested, businesses went out of business, and the economy became more and more difficult to understand...
    However, there is another group whose wealth has doubled during the pandemic. The rich get richer, and the poor get poorer. This mysterious power affects everyone over and over again every day and year.
    The reason behind it? It's actually pretty simple: poor cognition. The nature of wealth and the essence of business are actually all poorly understood.
    People with a high cognitive limit see the world differently, the problems they see are not the same, and the opportunities they see are also different. However, the most difficult thing about “cognition” is that people often lack it and are not aware of it; they don't know enough about themselves; they think everything is beautiful. Until one day, my perception was crushed by outside forces.
    Some people see the same K-line chart, just a bunch of unnecessary bar charts, and TMD is divided into red and green. Some people looked at it, and it was as if they saw a red/green bill waving at TA. These are the different results of different perceptions.
    Here's the easiest question to ask yourself: do you open trading software every day? If the answer is yes, then no matter what, you need to learn more about trading techniques. Learned trading techniques = gained new understanding. Its underlying logic is to break through your...
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