Six Practical Tips for Short-term Trading:
1. Don't rush to buy at high prices, and don't sell quickly at low prices: When the market is high, wait a bit, and when it's low, don't rush to sell; act only after the trend becomes clear.
2. Be cautious during sideways trading: Exercise caution when the market is in a sideways phase.
3. Make decisions based on candlestick charts: Consider buying when a bearish candle appears, and selling when a bullish candle shows up, following the trend.
4. The strength of the decline determines the intensity of the rebound: Slow declines lead to weak rebounds; rapid declines often result in strong rebounds.
5. Use a pyramid strategy for building positions: Buy in batches, increasing the amount as prices drop, gradually reducing costs.
6. Respond to sideways movement after extreme price changes: After significant price increases or decreases, the market often enters a consolidation phase. At this time, don't clear your positions at high points, nor go all-in at low points; wait for a trend change signal before acting.
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