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Today's Trading Review
As I mentioned a few days ago, I've seen many people's analyses of the current market, predicting the reopening of the U.S. government, and indeed it was announced this week. However, the data has not been released. This U.S. government reopening event can be considered the biggest positive news recently, and half of that positivity has already materialized. Now it has started to drop. I believe it will decline in the coming days, so I closed my previous long positions to hedge.
After finishing, it shot up quickly, and it was only two hundred away from a breakout, which was a bit scary. However, even though my mindset wasn't great at that time, it was much better than before. I thought to myself, if it breaks out, then so be it.
Then it dropped down, and after it dropped down, it kept fluctuating up and down. I found a relatively good position thinking about opening a long and then continue to hedge, waiting for a better opportunity to close directly when my short position breaks even. But I was still scared; even though I knew it would drop, I still opened a long hedge. I always feel like I can handle it.
I accidentally added to my short position directly before hedging my long position, which scared me to death. There was no way out, so I had to close half of my short position and take the margin out to open a long position for hedging again. Indeed, it dropped very smoothly afterwards.
You still have to trust your own judgment, so all trading strategies are just for reference. Once you choose a direction, there is no turning back.
Let's see if this wave can drop to 97000. If it can drop to that level, I'll close the short position.
I still think that there are people who believe it can rise further to new highs, but I actually feel that new highs are not in sight. However, if it drops, it won't be as pessimistic as those people see it; everyone has seen 69,000.