Be cautious in trading and wait patiently for the right time
If you don't understand the market, it's best not to open an order easily!
A high-level pullback is often the beginning of a callback, but there is also a saying called "suppression-style pull-up", which attracts shorts to replenish fuel and allows some long-order profit-makers to close in advance, making the "car lighter".
Before the market direction can be determined, the best choice is to wait for one night, regardless of whether it goes up or down, and make a decision tomorrow.
If the direction is still unclear tomorrow, then let's talk about it the day after tomorrow, and just wait. If there are no chips near the previous low or high, it is likely that both long and short positions will be wrong if you enter rashly. There is no need to pursue eating the head and tail of the fish, just eating the body of the fish is also a kind of wisdom. To trade, you still need some patience.
In the current market, the rapid rise and pull are the focus of almost everyone. At this time, people often chase the rise and sell the fall, becoming cannon fodder in the market. Retail investors are all holding the mentality of making a quick buck and leaving, while professional institutions are thinking about using this mentality of retail investors to cut your leeks. When the dealer can pull up the market crazily, he will only give you a few minutes to make a decision at the top. Often after the market rises, retail investors will be late to chase the high, and the market will reverse and fall, and you will be too late. Such a market needs to be vigilant enough, and don't exchange the pain of being trapped for a moment of urgency.
