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#夏日创作营 #辣妹儿李嘉欣
Yesterday’s add-to-short order got canceled, don’t want it anymore. I can’t get in—so I won’t add. Just hold what I have now and grab it at the target positions!
Also, I want to say why the 65,500 and 64,500 I talked about yesterday both held as supports and each bounced back. I overlooked one at 63,500—damn, it really was support too. But why didn’t I mention it yesterday? On one hand, I honestly didn’t notice it, but that doesn’t mean I couldn’t see it. On the other hand, did I say that this move up consists of two consolidation zones plus an ascending channel? The consolidation zone is within my job scope, what I focus on—so drawing two rising trend lines isn’t too hard for me. I’m not doing analysis; didn’t I say it?
Let’s be reasonable—did I ever say it?
Now looking at the reason 63,500 is holding, it should be because the lower edge of that ascending channel is acting as support.
So here comes the question again: just like 65,500/64,500 above, can 63,500 break? I estimate it’s based on the live-stream content from major rooms last night. I was dumb—I ignored this ascending channel, but it’s fine. At most I lost one reason to mock the crowd of geniuses.
So today, taking advantage of 63,500 holding, I want to ask the gods in the entire live-stream sector one more time: if you run into a situation like this, how do you operate? Pay attention to the question—I'm not asking whether this position can break! I’m asking something else. Think it through.
That is: in a stretch of market, if you see a situation like this right now—65,500 at one point, 64,500 at another point, 63,500 at another point—and all three points are relatively good support/resistance zones, with a spacing of 1,000 points between each support or resistance—when you place trades, do you set a stop loss or not?
For example, if you went long and the price dropped from 67,000, down below there are those three supports. You don’t know whether the price can break them, right? You really don’t know whether it can break. You only know those three levels are support levels. There’s nothing wrong with that, right?
So if you went long at 65,500, do you set a stop loss? If you set a stop loss, when you stop out, the distance to the next support is 1,000 points—meaning after you get stopped, the next support could be only about 300–400 points away from your stop-loss level. So after that next support, do you still go long? If you go in after entering, you have the same problem: how much do you set your stop loss? After you get stopped out again, another 1,000 points to the next support. Then do you still trade?
Don’t you all preach setting stop losses every day? Then explain this problem to me clearly.