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2025.5.16
Today’s simple review, in a relatively clear downtrend
1. Trying to find support within the trend to gamble on a rebound. In the morning session, around 2213, I wanted to take a position similar to before, expecting that hitting the support level three times would lead to a nice rebound. Unexpectedly, it was a straight drop. I made a very difficult mistake here, which was to set a stop loss, but the stop loss position was hard to place, and I was afraid of being taken out by liquidity hunting, then it rebounded sharply. But if I didn’t set a stop loss, I would have taken the full fall!
2. The second mistake was that when the price stabilized around 2190 during the first decline, I hurriedly filled my position, resulting in another round of decline, reaching around 2170. At this point, I was very passive. Once the position was full, it felt very uncomfortable.
3. So in the future, if in a relatively confirmed trend, it’s best to stick to trend-following trades. For counter-trend rebounds, if I want to trade them, I still need to set proper stop losses.