1. Strong (in an upward trend) stocks will experience a sharp rebound after 3-5 days of decline. The strongest stocks will rebound after 3 days of decline, while moderately strong stocks will rebound after 4-5 days of decline.
2. Successful traders have only a few very simple ways to decide whether they should buy, sell, hold, or ignore.
3. If you learn to control losses, you don't even have to search for success. Success will find you.
4. Focusing too much on spoils of war can shift one's attention away from the battle itself. They cannot or do not want to know that spoils of war will automatically appear with victory in battle. Soldiers who shift their focus from battle will lose their spoils of war and their heads.
5. Although buying a stock that is trending downwards may also be profitable, trading masters will wait for the stock to move in the ideal direction and then use all their strength to pounce on it.
6. Remember, all stocks are bad stocks unless they go up.
7. The final decision is based on stop loss orders or your pre-set selling points, not the market.
8. Although the highest and lowest prices are also important, the entity between the opening and closing prices is the most important because it represents who wins this battle.
9. You must take the opening price as the starting point of a battle.
10. After a strong upward or downward trend, the daily volume indicates that the short-term price reversal is not far away. When the equivalent exceeds twice the average of the past 10 days, it is considered a daily quantity.
11. Strong stocks will stop falling when they reach or approach the rising moving average; Weak stocks will stop rebounding when they reach or approach a falling moving average.
12. Gap often serves as a price support or resistance level, meaning that they often prevent or reverse rebounds or declines approaching them.
13. Tail market breakthrough form. Stocks must rise on this day (trading above the previous day's closing price). Stocks must be close to the highest point of the day. Note: The strongest stocks often exceed the previous day's highest price, and it is best if the trading volume also exceeds.
14. The first pullback after a new high is usually available for purchase.
15. The first pullback after a strong rise is almost 100% of the buying point; The first pullback after a strong decline was almost 100% of the selling point.
16. If a stock jumps short and opens high, and can reach a new high for the day after 30 minutes of trading, the force displayed at the opening is not artificial, but real. Because it was confirmed by the buying activity that continued after the early rush buying (the first 20 minutes of trading). Note: It is best if the stock has not continued to rise significantly from the opening price. Note: This also applies to strong stocks that do not jump short or open high.
17. If the stock is trading at or near its lowest point during the last 30 minutes of the day, you should sell your remaining position. This is a warning signal (in a rising stock) telling you that the seller has started to surpass the buyer.
18. If the stock price drops below the opening price after a day of significant gains, you should sell your remaining positions.
19. How to deal with the first mate's jump and fall. If you don't allow stocks to trade for 30 minutes, you won't give them a complete chance to rebound. When the stock falls below its 5-minute low, sell at least half of the stock. Attention: Don't forget that for many traders, selling everything at this point is the best. Half of the options are only suitable for those who are not very scary to jump and fall. If the stock falls below the 30 minute low, sell all of your stocks. Note: This also applies to stocks that are experiencing a general decline, and vice versa, it also applies to stocks that are chasing a rise.
20. The first pullback after a new high is usually available for purchase.
Thought section1. The right transaction is the right thinking.
2. To succeed in the transaction, you must become Superman.
3. A positive mental state makes you stand out from the crowd.
4. They looked almost like emperors sitting in chairs. As they waited for the next trading opportunity, their eyes were sharp, clear, and powerful. Their actions were carefully considered, and their decisions were concise and clear. Despite their entire focus on the transaction at hand, they still appear relaxed and comfortable. When they make money, they don't have to shout loudly to let everyone in the world know, because it's not surprising to them at all. These self striving and successful traders do not have a positive attitude just because they make money, but because they dare to have a positive attitude to make money.
5. When you doubt, it's best to be eliminated.
6. You can always re-enter the market.
7. Liquidate and clear the mind at the same time.
8. The desire for certainty is a trap that many traders fall into. But we must know that there is never certainty in life, and neither is the stock market. Find better probabilities instead of certainty.
9. Consider every transaction as a small part of a lifetime transaction. Regardless of the outcome, each transaction itself is insignificant.
10. The battlefield is not a place to question your trading plans. From the moment you start to doubt your plan, it reminds you to leave.
11. Break the cycle of joy and pain.
12. Intuition, professional intuition, is the hallmark of a true professional.
13. Never take action in the emotions of fear or greed, wisdom exists between these two emotions.
14. Never give up your stocks in panic.
15. Sell when you can, don't wait until you have to sell.
16. When trading, one should avoid hope like avoiding a plague.
17. The greatest failure will follow closely behind the greatest success. After a considerable period of time, some characteristics of the market environment that they are familiar with will undergo changes.
