2024/10/8 Today's Views in Brief

Hello everyone, I am your cat. I went to bed early yesterday and I feel refreshed today. The position is as I said yesterday. As for whether everyone has left or opened a short position, I don't know.

It is best not to find a news to bury the hatchet after the market goes out, such as the US stock market is giving the Federal Reserve a warning, releasing a threat signal, or the A-share market causing a big loss of blood. This kind of forced interpretation will not help or improve your trading. Because of a piece of news, you don't know whether it will have an impact on the market, and the depth of the impact.

I didn't call for bottom-fishing at 6w because I didn't think it was the bottom, so I was short, and I am short now, but I am me and you are you. I have enough patience to wait for that opportunity, but it doesn't mean you can do the same. Don't look at me shorting and you are shorting too, and then complain about something after you can't get it.

You should carefully review the market after each market, instead of just passing it by. If you are a goldfish with only 6 seconds of memory in the trading market, you will definitely have a short survival period. I said before that I never chase ups and downs, nor do I advocate chasing ups and downs. I hope you do the same. If you really chase, I hope you chase the big cake, not some copycat with abnormal growth.

There is only one purpose for all the pull-ups, to sell, to whom? Whoever chases more at a high position, sell to him. If you chase more, you must also bring a stop loss. After leaving the position price, push it to the break-even loss. For every 3% increase in the four giants, you push the stop loss position up by 1%, and for every 5% increase in the copycat, push the stop loss by 1%. If you are too lazy to do this, then being stuck at a high position is bound to happen. And many copycats, after selling at a high position, will not clean up the entire profit plate, and it will be difficult for them to pull up again. Your patience will be exhausted in the process of being trapped, and you will eventually cut your losses and leave. Coincidentally, most of the time, you cut your feet and the next foot will rise. Don’t you think it’s infuriating?

Back to the market, when Bitcoin fell below 626, the 4-hour bullish pattern was destroyed. Now let's see if 622 can be held. This is the lower edge of the upper trend line. If it falls below and is suppressed, it can be confirmed that the 4-hour correction will be reopened. Falling below 614 is to confirm the restart of the daily correction.For Boduo orders, rely on around 622, and stop loss at 618-619.