In the analysis of financial market trends, normal trends are usually composed of support and resistance levels. It is precisely because the price tends to pull back when it reaches the resistance level and bounces back when it touches the support level that we see the zigzag fluctuations in the charts we encounter daily.
The so-called resistance level refers to a specific position where a large number of sell orders emerge when a trend rises to that position, making it difficult for the market to climb further, thus forming a kind of pressure, which is the resistance level. Resistance levels are like checkpoints, existing as the first resistance level, second resistance level, and third resistance level. If the market can break through the first resistance level, it often indicates that the market is in a strong state, and the trend is likely to continue rising, targeting the second and third resistance levels. However, as the height of the upward attack increases, its strength will gradually weaken, just as a person needs to rest when running; the market will also experience pullbacks. For investors, resistance levels are important trading reference points; they are positions for selling long or buying short. Investors can use the resistance levels provided by professional analysis to decide when to sell long positions or initiate short trades. Once the price breaks through these two levels, investors should manually close their positions and then wait for the next resistance level, avoiding stubbornly holding on. This is because a breakout indicates strong buying power, and continuing to hold long positions is not beneficial.
In contrast, the support level refers to a point where a large number of buy orders emerge when a trend declines to a certain extent, making it difficult for the market to continue falling, thus forming a support point; this is the support level. Similarly, support levels are also divided into first support level, second support level, and third support level. Whenever the market approaches a support level, a certain degree of rebound usually occurs. If the market directly breaks through a support level, it indicates that the market is in a weak downtrend, and the trend may continue to decline toward the second and third support levels. As the decline deepens, the downward pressure will also gradually weaken. At this point, investors can attempt to place long positions at the support level to capture rebound profits. Support levels are also important trading reference points, serving as positions for selling short or buying long. Investors can decide when to sell short or initiate long trades based on the support levels provided by analysis. After all, contract trading is essentially about gaining a larger reward from a smaller investment, trying to succeed through trial and error with minimal costs; there is no absolute success in the market. Once a mistake is identified, one should exit in time, and not stubbornly hold on.
In summary, in intraday trading, if there are no significant news impacts, investors can place long positions at the first support level or short positions at the first resistance level. Generally, as long as there is a slight pullback or rebound in price, profits can usually be realized. For risk-averse investors who pursue stability, it is advisable to place long or short positions at the second and third support or resistance levels. In fact, many so-called trading suggestions from various 'teachers' in the market essentially involve placing short orders at resistance levels and long orders at support levels. However, some teachers charge high tuition fees, which unfortunately turns investors into mere fodder. Here, information on relevant support and resistance levels is updated daily, providing practical trading references for investors.
Moreover, position management is crucial. Many people understand that they should not go all in at every opportunity, but in actual trading, they often find it difficult to control their impulses due to emotional highs and the desire to recover losses quickly. It is important to clarify that regardless of how much leverage is used, positions should be controlled within 5% to retain the opportunity for recovery. Otherwise, if a mistake is made, there will be no chance to recover. Those so-called 'Oil Gods' and 'Ten Oil Gods' are mostly unrealistic claims; they may profit today and lose tomorrow, essentially just being gamblers, and such trading methods are not worth emulating.