The market has been behaving like this, which is a bit awkward. If we say it can't rise anymore, it has pulled up to the 92400 line. If we say it wants to continue making new highs, it's been fluctuating around 92000 for a few hours. Those who are short will say that the resistance around 92000 is too strong and it has broken through several times, it must pull back! Those who are long will say that this is a high-level consolidation accumulating strength, inducing shorts, and only when the bears get in can we push the market up…
Anyway, as long as the market hasn't broken out, no one should try to convince anyone, whether going long or short, just strictly set stop losses, and don't get too emotional. Late at night, we provided everyone with a buy opportunity at 89500, and early in the morning it dipped to 88700 and then rebounded all the way up, peaking at 92400, gaining nearly 3700 points. Friends who shorted too early probably had to stop loss or face liquidation, especially those who saw the market come down in the morning and chased shorts at low levels, might be feeling uncomfortable! Our 89500 long position had a target at 92000, and we have already taken profit!
In the afternoon, we provided a short strategy at 91500 and 92000. For those who referenced this, the short position at an average price of 91750 is still held, with targets looking down at the three support levels of 89500, 88500, and 87500. Although we have remained bullish all along, we have never suggested that short-term traders chase longs directly at high levels, especially above 90000 where it is not suitable to go long directly due to the high risk of pullback; after all, recent pullbacks have started at 5000 points! Since it has been clarified that 100000 is not a top, it will inevitably stand above it, so there’s no need to rush into longs. To be honest, if it can pull back to around 86000, that would be the best, to buy the dip there and then aim for 100000, that would be truly wonderful!
In terms of short-term operations, having both wins and losses is normal; the key is to look at the risk-reward ratio. Stop losses are generally set at 1000-1500 points, while take profits are 1500-2000-3000 points. Additionally, it is crucial to strictly control position sizes! Allow for mistakes and have the capital to start over! Maintain patience in holding shorts, with a stop loss for the average price of 91750. The stop loss can be adjusted to 92700 here, previously it was set at 92500, so just move it back by 200 points. After all, today it has already risen by 3700 points, so chasing longs at this time is clearly not suitable. Therefore, take light positions with small stop losses to speculate on a pullback! Or, for a more conservative approach, if you missed the short position, patiently wait for a pullback to a support level before choosing to go long!
