Watching the market is a 'dynamic' process. When trading, one cannot be vague; the positioning must be clear. Trading is like shooting; one must aim at a point to hit an area. Although the turning point is a single point, for traders, it represents an area.
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Different cycles have different highs and lows. The point remains unchanged objectively, while the methods are subjective. If a subjective method aligns with the objective price fluctuation laws and adheres to consistent operational principles, it then becomes objective. New highs and lows continuously emerge, while old highs and lows persist stubbornly.
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One must view highs and lows with a developmental perspective, not clinging to one without letting go. When new highs and lows emerge, one must use the new; if there are none, then use the old. No one can guarantee that the highs and lows drawn at any moment are absolutely correct, so one must dynamically watch the market to see if the prior highs and lows used for defense are of the same level; if not, adjustments must be made. For instance, during an uptrend, the prior low keeps rising, necessitating the constant marking of new prior lows for defense.
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When observing highs and lows, one must be able to hold onto them and let them go; the old must be held onto until the new appears, at which point it must be released. The new will soon become old, and the process of trading is one of continuously picking up and putting down.
