Yesterday's market decline caused a lot of panic, and no one knows where the bottom is. Fortunately, today's rebound has reduced this anxiety.

There is a saying: only when the tide goes out do you discover who has been swimming naked. In this decline, if your drawdown is high and your position loss is serious, you need to pay attention to your position management. There must be risks that you previously overlooked, or you noticed the risks but chose to ignore them.

It's unclear whether today is a rebound or a reversal, but the probability of a direct V-shaped recovery is relatively low. You still need to be prepared for defense.