【2022/8/1-5 Iron Ore 09】
To summarize this week's iron ore trade, this week only traded this one variety. The image below is a little more intuitive than the screenshot of the headline I sent from the beginning of the transaction. It is the trading opportunity given at the time of the review after the close of the market on the afternoon of August 2. Based on an expectation that the 1H chart is expected to form an M-top (eventually forming a triangle convergence pattern), the evening opening can be shorted around 820, and the stop loss is set above 830 at that time. At that time, the price did not reach above 820, and the final transaction price was around 805 points. The entry point is also relatively satisfactory, and the profit-loss ratio is relatively large. Personally, I pay more attention to the choice of entry points.
Tuesday night entry to Thursday's daytime close, the trend is expected to develop, when the closing price was 755 points. At this time, the profit has been 50 points. During the day on Thursday, in addition to the iron ore plunge, oils and fats, non-ferrous, and this chemical coal, all showed a large decline. At that time, I was more satisfied, and my heart was relatively stable. Looking back, it was advisable to reduce the position at this point.
After the opening of the market on Thursday night, it is a low opening, I think it should go down a wave, see if the price is expected to be below 730, planned to close the position at that time, but after the low opening found that something is wrong, there is a sharp rise, Thursday's big fall of those also appeared to rise sharply. At that time, there were a little ripples in my heart, but I still didn't move. Whitespot on Friday and in the evening continued its sharp rally. At one point, it touched above 800 points. Helpless to close the position near 790 points, it is considered to be a cost price to close the position.
On the good side of this transaction, the opening signal is clear, the basis is sufficient, and it is basically revealed in a timely and accurate manner at the beginning of the development of the small trend. The bad part is that it failed to keep the large profit in time, which led to a large drawdown.
This week, trading began to be full of expectations, and in the process of profitability, confidence doubled, and chagrin appeared when the drawdown was larger. This is the common sentiment of man, man has seven passions and six desires, and the weakness of human nature is inevitable. I think the focus is whether you can take care of these emotions in time, perceive them, and see your inner thoughts from another perspective. This is more important.
Mingdao takes the momentum and makes every transaction valuable.
#Futures##Trading##铁矿石 #
