$S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $iShares Russell 2000 ETF (IWM.US)$
In the current market situation, either wait for the bull market trend to return before entering long positions, or wait for a true support level to buy at the bottom. In the current state of neither rising nor falling, it's best to observe more and do less, or even not do anything at all. Each of us has worked hard to earn our money, so let's not waste it. In the stock market, the most important thing is to protect your capital. Remember the experience of our ancestors, keep what we have and not be afraid of losing opportunities. To put it simply, even if the market rebounds tomorrow and returns to a bull market, you would only miss out on 15 points in the QQQ, earning a little less, but your capital would remain intact. If a trend emerges, there could be at least 40 points for you. If the market continues to decline and you really have to explore lower positions, then you would incur losses. In case you can't hold on and cut losses at the bottom, you would be left with no means to buy at the bottom and can only watch others make money. So, it's not just about losing money, but it might also take a long time to correct your mindset. When trading stocks, remember to avoid a gambling mentality and a mentality of being unwilling to accept losses. Gambling doesn't guarantee a steady win, even if you say that trading stocks is also a form of gambling, we still choose the best entry points after precise analysis, greatly increasing the winning rate compared to gambling. And if you do lose, don't be unwilling to accept it. Whether in life or making mistakes, we need to take responsibility, especially in trading stocks. If you don't admit your mistakes, the market will twist your neck and force you to admit them.
In the current market situation, either wait for the bull market trend to return before entering long positions, or wait for a true support level to buy at the bottom. In the current state of neither rising nor falling, it's best to observe more and do less, or even not do anything at all. Each of us has worked hard to earn our money, so let's not waste it. In the stock market, the most important thing is to protect your capital. Remember the experience of our ancestors, keep what we have and not be afraid of losing opportunities. To put it simply, even if the market rebounds tomorrow and returns to a bull market, you would only miss out on 15 points in the QQQ, earning a little less, but your capital would remain intact. If a trend emerges, there could be at least 40 points for you. If the market continues to decline and you really have to explore lower positions, then you would incur losses. In case you can't hold on and cut losses at the bottom, you would be left with no means to buy at the bottom and can only watch others make money. So, it's not just about losing money, but it might also take a long time to correct your mindset. When trading stocks, remember to avoid a gambling mentality and a mentality of being unwilling to accept losses. Gambling doesn't guarantee a steady win, even if you say that trading stocks is also a form of gambling, we still choose the best entry points after precise analysis, greatly increasing the winning rate compared to gambling. And if you do lose, don't be unwilling to accept it. Whether in life or making mistakes, we need to take responsibility, especially in trading stocks. If you don't admit your mistakes, the market will twist your neck and force you to admit them.
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$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$
Today, I found the perfect trend, but I didn't overcome my inner demons and didn't follow the trading discipline. I made some profits, but missed the big fish.
After the closing yesterday, it was believed that today would likely decline. The video analysis of the expert also predicts a decline because all the indices are basically at a support level, so a pullback is likely to occur today. Don't doubt it! It's that accurate!
As shown in the diagram, start trading when the points in the three boxes appear. Before that, do not trade, you must control yourself because the trend is not clear. Recklessly entering is very likely to get trapped.
After the three red box points were determined, all the lines were drawn. Note that all lines were drawn before the trade. They can be modified later, but there should be a general direction. If the direction cannot be determined, then do not do it!!!
The blue lines represent upward support, trend, and resistance. The green lines represent downward pressure lines. The black lines represent resistance.
Successfully bought SPY 442 CALL at point 1, price 3.18. The plan was to take half profits at position three. If the remaining half falls and the loss reaches 50%, stop loss. If it continues to rise to the black line pressure zone, take full profits. But I couldn't overcome my own inner demons and sold everything at point 2. Price 3.32. Only made 1 cent 4. The position is still good, and I've got a week's worth of living expenses...
Today, I found the perfect trend, but I didn't overcome my inner demons and didn't follow the trading discipline. I made some profits, but missed the big fish.
After the closing yesterday, it was believed that today would likely decline. The video analysis of the expert also predicts a decline because all the indices are basically at a support level, so a pullback is likely to occur today. Don't doubt it! It's that accurate!
As shown in the diagram, start trading when the points in the three boxes appear. Before that, do not trade, you must control yourself because the trend is not clear. Recklessly entering is very likely to get trapped.
After the three red box points were determined, all the lines were drawn. Note that all lines were drawn before the trade. They can be modified later, but there should be a general direction. If the direction cannot be determined, then do not do it!!!
The blue lines represent upward support, trend, and resistance. The green lines represent downward pressure lines. The black lines represent resistance.
Successfully bought SPY 442 CALL at point 1, price 3.18. The plan was to take half profits at position three. If the remaining half falls and the loss reaches 50%, stop loss. If it continues to rise to the black line pressure zone, take full profits. But I couldn't overcome my own inner demons and sold everything at point 2. Price 3.32. Only made 1 cent 4. The position is still good, and I've got a week's worth of living expenses...
Translated
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