[It is absolutely not wrong to take profit of more than 85% of the position when the price goes up on Monday! ]
Chasing the rise is the most undesirable thing to do. I know that many people finally couldn't help but enter the market today because of the 8,900-plus dollar space from 56,537 to 65,500; but what is your logic for entering the market? Is it just because of the rise? Where will you put your stop loss? Where will you put your take profit? Have you thought about all these clearly?
For me, today's rise, I will only keep reducing or even clearing my position!
The next wave of opportunities will either be the support signal below 61,000/59,000 for the second time; or the signal of breaking through and standing firm at 65,000±200 is looking for opportunities!
It is obvious that the current price has a very poor profit-loss ratio for me, and the cost-effectiveness is not high. Except for the high-rise stop profit, I will never intervene at this position where there is no breakthrough and no retracement!
Don't fantasize about 80,000-100,000 when it rises, and 30,000-40,000 when it falls. The current market conditions and market fundamentals do not have the conditions to touch 100,000 dollars. Give up the fantasy!
At the end of April, Brother Sao clearly told you that the violent pullback a week before May Day is the best opportunity in the first half of the year to reduce positions, lower positions, or even leave the market!
Even if you don’t leave the market, at least you must reduce your positions when the market goes up!
I am not a short-term player. I like cyclical layout and try my best to grasp excess profits!
Be steady and accumulate little by little. Don’t follow the market trend!
