Practical trading skills for short-term trading in gold

1、 The stock selection rule for "short-term gold":

1) After the consolidation of strong individual stocks, there was a sudden downward "false breakthrough", followed by a sudden upward movement of the 5-day moving average within three trading days, and technical indicators deviated.

2) During the trading session, there was a significant increase, with the stock price rising by more than 3%;

3) Suddenly increasing the volume during trading, the volume ratio has doubled or more.

4) The stock price is running at relatively low levels on the daily and weekly lines, and the form is intact.

5) The trading volume is more than 1.5 times the daily average volume.

2、 The practical discipline of "short-term gold":

1) The principle of holding individual stocks is not to exceed 2 weeks, with a short-term return of 8% (1-2 weeks) and a medium-term return of 18% (around 2 weeks).

2) The minimum profit target is generally above 8%.

3) The stop loss range shall not exceed 3%.

4) Combine the suggestions from yesterday's tracking appropriately.

3、 Special note on "Gold Short term":

1. Profit target: Short term return of 8% (7 trading days), medium-term return of 18% (around 2 weeks).

2. Selling conditions: For every 3% increase in the stock price on the day, sell one-third. If there is a large volume of stagnant growth during the trading session, or if the 5-day chart is flat or falls below the 10 day chart, it is considered a complete elimination condition.

3. Stop loss rule: If the opening cost falls below 3%, a technical stop loss will be applied.

4. Position ratio: Based on the overall market situation, extremely strong: 90% position. Medium strength: 70% position. Other trends are controlled at 50% of the position.

5. Holding time: about 2 weeks

Negating oneself is very painful, but it is like turning a cocoon into a butterfly, becoming a "butterfly" of oneself, in order to face the storms of the stock market more calmly.