Short-term Six Commandments: Summary of Practical Experience
High-level consolidation may create new highs, low-level consolidation may create new lows
Wait for the direction to be clear before taking action, don’t rush to enter the market. Don’t move around during sideways trading
Most people lose money because they can't resist the urge to act during this time. Sideways trading means the market is “holding back,” be patient and wait for signals. Buy on bearish candles, sell on bullish candles
Consider buying when the daily candle closes bearish, and consider selling when it closes bullish. Going against short-term fluctuations is often safer. The slower the drop, the weaker the rebound; the sharper the drop, the stronger the rebound
Judge the strength of the rebound based on the speed of the decline, and flexibly adjust strategies. Buy in batches to reduce risk
For example, buy 10% the first time, add 10% after a 5% rise, and so on. This way, the cost averages out and the risk spreads. An overshoot in either direction will usually lead to sideways trading
After continuous rises or falls, it usually enters a phase of sideways consolidation. Don’t sell everything at high levels, don’t buy everything at low levels, wait for signals before taking action.
Summary: Steady progress is the key
Remember:
Don’t let emotions drive you: Operate strictly according to the rules, don’t let impulses like “just wait a bit longer,” “buy the dip,” or “chase the rise” cloud your judgment. Keep making small profits: Accumulate small profits through batch buying and selling and using moving average stop losses for gradual compound growth. Leave some room: Diversify your funds, don’t put all your eggs in one basket, to survive longer in the market and earn more over time.
Still the same saying, bulls have their strategies, bears have their plays
Will not lead fans to liquidation, nor blindly open positions
All seek victory steadily, with steady progress; those who want to profit, keep up!
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