November 23rd, Saturday Thought Sharing

Yesterday's market was almost identical to the day before, with the European session breaking new highs, followed by a pullback during the American session, and then another breakout after midnight.

Yesterday afternoon, we entered long positions around 98,500, which ultimately allowed us to cut losses and gain a small profit of about 1,000 points. In the evening, we also reminded everyone that they could continue to enter around 97,200. Once you determine the direction, you must remain steadfast. Although the degree of decline was somewhat large, causing the excitement to weaken, the trend has not been broken, and the overall bottom continues to rise, with the upper highs consistently breaking new records, so the subsequent market still looks bullish.

Yesterday, our entry position in the afternoon may have been a bit high, but fortunately, we were following the trend, making it easy to cut losses. There are always people wanting to enter at high points and then catch a black swan crash. Just look at how many positions in the market are trapped, from 80,000 to 90,000, and then from 90,000 to 100,000, right? Also, when trading contracts, you must manage your position and control risks well. Otherwise, even if the direction is correct, a few hundred points of fluctuation could lead to a margin call.

The weekend market is likely to be range-bound and volatile. Friends who are in cash can spend time with family and children. Yun Dao has not opened any positions, spending time with family instead. For those wanting to enter trades, you can look for bullish opportunities around 98,200-98,300, with a weekend target of 500 points.

That's all for now, see you tomorrow night.