Recently, I exchanged ideas with a friend from the Shenzhen speculative trading circle. He has been involved in limit hitting for about 10 years and has a much deeper understanding of the market than I do, with a net worth far beyond mine, which I greatly envy.
After communicating with him, I learned some experience and summarized it into 12 points to share with everyone!
1. If the stock cannot hit the limit up before the close or there is no hope of hitting the limit up, exit without hesitation. This is the primary principle of hitting the limit!
2. You must operate from a computer; having a broad view is crucial. Don’t just stare at your phone all day; it’s useless!
3. If your hand speed is not enough, do not use the mouse. Use the small keyboard to input '.+' for lightning buy and '.-' for lightning sell in Tonghuashun; input '.+01' for quick buy and '.-01' for quick sell in Tongdaxin.
4. Unless there are special circumstances, only trade the first board with low volume and the second board with high volume.
5. Never buy if it hasn't hit the limit up; you must wait until the very last price to confirm. Don’t foolishly hope to earn the last copper coin; among over 4000 stocks, there are often some that stop just at the last one or two levels. The main funds lack confidence, leading to significant declines; this is a major taboo in this business, and the next day will be tough.
6. If the next day opens significantly lower, be sure to watch for the right timing to exit on a rebound; do not linger. Mistakes can happen, but preserving capital is more important than anything else. As long as there is green mountains, there is no fear of firewood!
7. If the opening time runs above the moving average, you can hold on for a bit longer. However, if the attempts to reach a high multiple times are unsuccessful, exit on the high or when it breaks below the moving average.
8. If the opening is suppressed by the intraday line, and multiple attempts to break through are ineffective, it indicates that the main funds do not have enough strength; it's time to exit.
9. Choose the right position for the stocks. Generally, choose stocks with strong technical indicators, such as a bullish moving average arrangement. Even if it fails, a pullback can be accepted; and once successful, you can take the entire wave.
10. If the limit up just breaks through a new high or a certain resistance zone, there is a possibility of an inertial rebound the next day. This is the trading principle of major stock manipulators.
11. If the overall market is not good and is in a downward trend, do less and observe more. Hitting the limit is not something that has opportunities all the time! Those who can be in cash are the true masters!
12. Always remember: hitting the limit is about finding the most certain events in the market. Once the logic is proven false, leave immediately without hesitation! This is a principle that all limit hitters must always adhere to.
The above 12 iron rules are a summary from a friend in the speculative trading community over many years. Since we often exchange ideas, I learned some of his methods and found some thoughts very applicable, so I share them with everyone!
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