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Here are my reflections on today's position opening and some insights from real trading:
Just now, when I was watching Brother Jie’s live trading, I thought about today’s situation. Silver touched the previous high, and many expert traders were betting on a false breakout here. But in the end, it pushed higher. The situation here is very similar to February 27th.
That day, Brother Jie opened 15 short positions here, but didn’t close them. He lost 110,000 in a day, which is quite similar to today’s situation. He kept betting on a false breakout of the previous high at 92.
These are critical levels. When it broke down, he shorted; when it pulled back, he stopped out. He lost on all 15 positions. Eventually, he realized he was wrong, opened some long positions for two days, and recovered 80,000. In the end, he lost 36,000.
Two days later, when the price fell back to that key level where he lost 100,000, he opened three more positions, doubled down, and made 500,000.
I’ve looked carefully at his entries—they were all the same. He bet on a breakdown with 15 positions, lost heavily, but when it broke through, he chased in and recovered most of his losses.
Then, two days later, the price returned to that level where he lost 100,000, and he still dared to open positions, betting on a breakdown again. It’s really against human nature.
It would be great if Jingjing had written some trading memoirs. Real trading still feels best when combined with educational content. I’ve watched a lot of Brother Jie’s videos, so I understand his approach. As for Jingjing’s style, I can only guess—I don’t really know how he trades.
Wei Shen’s teachings are very insightful, and he has shared many reflections. His explanations make things much clearer. Once again, I want to thank these great traders—truly treasures.