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Currently, the big piece hasn't reached my large position entry point, so I'm still focused on intraday trading. In this grinding market, using low leverage for intraday trading can still yield decent returns;
In this extremely prolonged grinding market where the top and bottom of the range are confirmed for the first time, the direction isn't that important. There are basically two types of people who lose money:
1: Those with high leverage who can't withstand the volatility, leading to stop losses, and often after the stop loss, a reversal happens quickly, causing regret and leading to a chaotic trading rhythm of chasing highs and cutting losses;
2: Those who chase highs and cut losses, gambling on a true breakout after hitting resistance and gambling on a true breakdown after hitting support. James falls into this category, but he only gambles on true breakouts, meaning he chases highs. This can lead to many ineffective stop losses;