The current market has entered a high-risk stage!
The latest non-farm employment data has fallen far below expectations, and combined with the abnormal performance of the small non-farm data released the night before, this has directly ignited panic in the market.
Especially on the eve of the U.S. Independence Day long holiday, institutional players are likely to exploit the characteristics of depleted liquidity during the holiday to create sharp up-and-down fluctuations, resulting in a double kill for both bulls and bears.
Practical advice: Friends who held positions yesterday must execute a staggered profit-taking strategy, for example, reduce 30% of the position in crude oil long positions and lock in 20% profit on gold short positions.
Special emphasis: The market after the data release is fundamentally not a battlefield for ordinary traders! Just like last Friday when the pound suddenly crashed, manual traders couldn't react in time. Those who think "it's a pity to miss out" and insist on chasing the market will ultimately become the liquidity that gets harvested.
Case warning: On the night of last month's non-farm data, a trader saw the data was bearish for gold and heavily shorted, resulting in a market spike reversing by $30, leading to a daily loss of $200,000.
This bloody lesson tells us: When the market faces a double risk from data and holidays, preserving capital is always more important than seizing volatility! What we need to do now is to hold back and wait for liquidity to recover after the holiday before seeking opportunities to trade.
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