It seems that the reason why this round can be done is because of concentration.
I said before that I am a leek. I will lose money if I lose a little, and I will close the position quickly if I make a little profit.
The essence seems to be that I have been watching the market for a long time and focused enough every day in the past few months. I watch it all the time. So I can choose to run away from the orders in my hands at any time.
My stop loss expectations are actually divided into 1. Loss of a few points 2. Loss of how much money 3. Loss of a specific psychological price breaking/breaking through 4. Loss of an important moving average breaking through 5. Loss of a pattern breaking/breaking through 6. Loss of feeling that the trend is not satisfactory.
I lose at least a few points in the first five types of losses. But I often have the sixth type of loss, which is to follow the wind. I feel that it is about to fall, rise, or reverse. As soon as this sign appears, I will immediately close the position at the market price.
But the premise of this stop loss is that I have been focusing on the market and paying attention to any disturbance. Just staring at the line and not thinking about the plan in my mind is not enough.
Short-term or ultra-short-term often give little time for decision-making. Once the fixed stop loss position is reached, you will definitely lose a lot, and you will have to make several more orders to make it back.
So my opportunistic stop loss should be the main reason why I didn’t have much retracement this time.