Zitian Technology is a Chinese high-tech company focusing on information technology, cloud computing and artificial intelligence. Here are my trading notes about Zitian Technology in real trading:
Date: September 28, 2023
Trade type: Short-term trading
Reason for the transaction:
Technical Analysis: I chose Zitian Technology as a short-term trading target, mainly because I observed that the company's stock price has recently shown some technical signals. The stock chart shows a certain uptrend, and technical indicators are also showing relatively strong momentum.
Market sentiment: I think sentiment towards technology stocks is picking up, which could have a positive impact on Zitian. I want to take advantage of changes in market sentiment and seize trading opportunities.
Industry outlook: The information technology and artificial intelligence sectors have high attention and growth potential globally. Zitian Technology has a certain presence in these areas, which increases my confidence in its prospects.
Trading steps:
Research and Strategy: Before deciding to go short-term, I did detailed research, including reading the latest financial statements, technical charts, and market news. I developed my trading strategy, including buy and sell points.
Buy: I bought Zitian shares at the right time. I chose an entry price in the expectation of making a profit in future volatility.
Regular monitoring: During the trading period, I will regularly monitor Zitian's stock price and market dynamics. I set a target sell price, and once the stock price reaches or approaches that level, I will consider selling the stock.
Risk Management: Since this is a short-term trade, I am very sensitive to risk. I set a stop loss to control the potential loss. If the stock price falls to my stop loss level, I will consider a quick stop loss.
Risk management:
Strict stop-loss strategy: Short-term trading is risky, so I will stick to my stop-loss strategy and not let losses accumulate.
Quick response: I will be vigilant and ready to sell stocks at any time to seize any profit opportunities or limit losses.
Prudent positioning: I make sure that my investment amount is reasonable and does not focus too much on Zitian Technology to reduce risk.
Summary:
Short-term trading requires caution and agility, and I understand that. Zitian represents an attractive trading opportunity, but I am also aware that market volatility can have a significant impact on trading results. Therefore, I will pay close attention to market dynamics, stick to my trading strategy, and strictly implement risk management measures to ensure that my trading is wise and profitable.
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