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1367W still prefers to stay out of the market; 0323 stock midday review
Today, assets are 13.67 million, currently holding no positions. [Taogu Ba]
By the close of trading, the median of gains and losses: -3.41%, trading volume estimated to be +71.1 billion compared to yesterday.
After cutting losses last Friday, I feel light today.
There’s no need to think about anything anymore. Today’s sharp decline, I didn’t try to buy the dip.
Given how weak the market is, how can one buy the dip?
My idea of buying the dip is when there’s a big rally after entering the market. Does the current market meet the conditions for a big rally?
After asking myself, it seems not.
One thing to understand is that those trapped inside are waiting for a big rebound to exit.
Since that’s the case, how can a big rebound still exist? Any rebound would be crushed immediately.
If that’s the case, there’s no point in buying the dip.
Those who should be out of the market should stay out. Those holding during a sharp decline, today’s decline wasn’t even much.
So at this point, don’t chase after the rising market; those are the directions likely to fall later.
Continue to stay out of the market, I won’t trade this afternoon either.
When the market rebounds with increased volume, then consider trading—don’t trap yourself.