Today's contract operations were all closed during my work breaks, with each of the three trades having its own characteristics.
The first two trades follow similar ideas, both aiming for breakout trading. The first one got stuck at a sideways breakout; when the situation didn't look right, I decisively closed the position. The second one entered not long before a sharp decline; luckily, I only used 25% of the funds for the initial position, then added more on dips until full position, and exited immediately once a rebound appeared. Although these two experienced ups and downs, they both ended up safely in the account.
The most interesting is the third trade. Consolidation at high levels is quite common, but many traders can't judge the trend correctly. My understanding is this: it will suddenly have a surge, creating a false impression that "it's about to start," then immediately pull back. This is a typical false breakout, and many traders have fallen for it. The subsequent sharp drop is often accompanied by profit-taking and stop-loss orders, followed by a rebound—this rebound point is the golden opportunity for short entries. Today's third trade followed this logic, but I got impatient and entered a bit early, so I didn't capture much of the spread. But it's okay, because the target was already achieved.
That said, I want to emphasize one thing: today’s session extends the cooling-off period until 6 a.m. tomorrow. Discipline is the most ironclad rule I've adhered to in trading contracts for a long time. The experience gained from sticking to it repeatedly has proven its value.
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Today's contract operations were all closed during my work breaks, with each of the three trades having its own characteristics.
The first two trades follow similar ideas, both aiming for breakout trading. The first one got stuck at a sideways breakout; when the situation didn't look right, I decisively closed the position. The second one entered not long before a sharp decline; luckily, I only used 25% of the funds for the initial position, then added more on dips until full position, and exited immediately once a rebound appeared. Although these two experienced ups and downs, they both ended up safely in the account.
The most interesting is the third trade. Consolidation at high levels is quite common, but many traders can't judge the trend correctly. My understanding is this: it will suddenly have a surge, creating a false impression that "it's about to start," then immediately pull back. This is a typical false breakout, and many traders have fallen for it. The subsequent sharp drop is often accompanied by profit-taking and stop-loss orders, followed by a rebound—this rebound point is the golden opportunity for short entries. Today's third trade followed this logic, but I got impatient and entered a bit early, so I didn't capture much of the spread. But it's okay, because the target was already achieved.
That said, I want to emphasize one thing: today’s session extends the cooling-off period until 6 a.m. tomorrow. Discipline is the most ironclad rule I've adhered to in trading contracts for a long time. The experience gained from sticking to it repeatedly has proven its value.