Market analysis and strategy on October 16!

The market is always full of variables, and the market last night was even more unpredictable. The main force seemed to be playing with market sentiment, first attracting longs to enter the market, and then giving shorts hope, and finally the price returned to the starting point. But in the process, many brothers' positions no longer exist.
I have been reminding everyone, especially novices, not to try contracts easily without the guidance of experienced people. Contracts are like an abyss. Once you step in, it is difficult to turn back.

Many people choose contracts, just to magnify their profits through leverage. But they often only see the possible profits, but ignore the risk of explosion. If you don't have enough technical knowledge, you can't understand the market trend, and even can't tell the bull market from the bear market. In this state, contracting is tantamount to gambling.

I don't publish articles all the time. I spend more time paying close attention to market dynamics and macroeconomic policies. The long and short operations of my brothers who followed me last night also went from highs to lows, and I also made nearly $5,000 with my orders. We are currently in a short position, waiting for the market to rebound, and then looking for the right opportunity to enter the market. As I analyzed and suggested before, we will release operation tips again at the right time.

The opening of the US stock market tonight may be a good time to enter the market. Please keep an eye on it. I will update my analysis and suggestions in time. Remember to wait patiently and operate cautiously. This is the key to our survival in this market!
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