In 3 days I earned more than 4 million and then thought that this market makes money very easily and I can live with this profession as a trader. But then last night I lost 9 million in just one order. And I realized that the previous orders were just my luck#high
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The platform is responsible for pulling up and smashing the market. They just watch the futures orders being harvested on both sides. After killing the longs, they see a lot of shorts making profits and quickly accept them. They push it up and kill some shorts. It's just a rebound, not a reversal. They kill some shorts so that they can continue to short. The process of pushing it up generates continuous shorts. Many copycats have no fuel for smashing the market and basically only have shorts left. They always have to kill some longs and shorts to lure in more, otherwise it will be difficult to smash.
These small steps are controlled by the exchange to give investors some confidence to buy at the bottom. Otherwise, the price will drop directly and no one will trade. In a bear market, all exchanges will lose money.