Recently, I communicated with a friend from the Shenzhen speculators circle. He has been engaged in board trading for over 10 years, and his understanding of the market is much deeper than mine. His wealth far exceeds mine, which is a state I greatly admire.
After communicating with him, I learned some experience and summarized it into 12 points to share with everyone!
1. If it cannot limit up before the market closes or you cannot see the hope of limiting up, exit without hesitation; this is the primary principle of board trading!
2. Always operate on a computer, as it provides a broader view; don’t use a phone to stare at it all day; it’s useless!
3. If your hand speed is not enough, do not use a mouse. In Tonghuashun, directly input “.+” on the numpad for lightning buy and “.-” for lightning sell; in Tongdaxin input “.+01” for flash buy at the buy price and “.-01” for flash sell at the sell price.
4. Without special circumstances, only trade the first board with reduced volume and the second board with increased volume.
5. Never buy if it's not limit up; you must confirm at the last price before selling. Don’t foolishly think about making the last bit of profit; among over 4000 stocks, there are often some that stop at the last one or two levels. If the main force's confidence is not strong, it will fall sharply, which is a huge taboo in this business, and the next day you will be in trouble.
6. If the next day opens significantly lower, you must watch for the right moment; surge and exit, don’t hesitate; mistakes can happen, but preserving capital is more important than anything else. As long as the green mountains remain, there’s no worry about firewood!
7. If the opening intraday runs above the moving average, you can take a long position; if there are multiple failed attempts to rise, then exit on the high or exit if it breaks below the moving average.
8. If the opening is suppressed by the intraday line and multiple attempts to surge are ineffective, it indicates that the main funds are insufficient; this is the exit point.
9. You must choose the right position for stocks, generally selecting those with strong technical indicators, such as a bullish moving average arrangement. This way, even if it fails, the pullback is acceptable; and once successful, you can capture the whole wave.
10. If the limit up just breaks a new high or a certain resistance zone, there is a possibility of an inertia surge the next day; this is the principle of trading for big players.
11. If the market is not good and is in a downward trend, do less and watch more. There are not always opportunities in board trading! Those who can hold cash are the true masters!
12. Keep in mind: board trading is about finding the most certain events in the market. Once the logic is falsified, leave immediately without hesitation! This is a principle that all board traders must always adhere to.
The above 12 iron rules are the summary of many years by a friend in the speculator circle. Since we often communicate, I learned some of his methods, and I think some ideas are very applicable, so I share them with everyone!
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