During the trading session: The market is moving as analyzed clearly over the weekend, which was expected. It’s best to stay on the sidelines for now because we all understand the reasons that could trigger a decline. How the situation develops is beyond our analysis. I also mentioned earlier that the validity of the CSI 2000 breakout needs two trading days to confirm. Today is the second trading day after the breakout, and the index has fallen back below the 5-day moving average, significantly increasing uncertainty. If the index continues to decline and forms a major top, the risk of a large correction could greatly increase. So, temporarily hold back. If you want to buy, your position must be very low~~
Also, buying and selling should be planned. Trading isn’t about doing whatever at any time. We trade stocks based on plans—set a plan, execute the plan. The ultimate goal is to profit and exit. It doesn’t matter how much it drops today or rises tomorrow; all processes serve the final result~~
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
March 3rd Intraday
During the trading session: The market is moving as analyzed clearly over the weekend, which was expected. It’s best to stay on the sidelines for now because we all understand the reasons that could trigger a decline. How the situation develops is beyond our analysis. I also mentioned earlier that the validity of the CSI 2000 breakout needs two trading days to confirm. Today is the second trading day after the breakout, and the index has fallen back below the 5-day moving average, significantly increasing uncertainty. If the index continues to decline and forms a major top, the risk of a large correction could greatly increase. So, temporarily hold back. If you want to buy, your position must be very low~~
Also, buying and selling should be planned. Trading isn’t about doing whatever at any time. We trade stocks based on plans—set a plan, execute the plan. The ultimate goal is to profit and exit. It doesn’t matter how much it drops today or rises tomorrow; all processes serve the final result~~