Strategy of next week–  Short-term trading

The market is always fluctuating in disorder. When the traders make directional selection of buying and selling, they do not depend on the judgment of long-term trend, but on their own price expectations for next wave. Short-term speculators always earn a volatile profit in a trading day, definitely without overnight positions. The short-term traders need to stop out immediately when suffering from losses. The loss of every single transaction should be kept in one price movement. We must distinguish strictly between the short-term speculation and the general investment.

We aim to earn the meager profit in short-term trading. So never be hesitate to cover the position.

The traditional trend traders have enough time to study the market, they can make use of a variety of market planning and risk control means. But for short-term traders, we do not have much time to think.

Points:

1)  Selecting the direction of trade is the key to success. In other words, make it clear whether this market is a bull market or a bear market. Only by grasping the direction of the market, we will be more likely to make money.

2)  Good grasp of the stop.
Even if you have no trading experience, you can control the risks by control the stop.