The data market is right, should we continue to chase it?

I received messages from readers and fans this afternoon, and now I collect the messages and reply them together:

1. The reader asks "a drop in the ocean": If the data is profitable, the market will soon stop profiting. Should we continue to chase?

Buy expectations and sell facts, the data is released, and everyone rushes in to make a product. For those who have profit from holding positions, this may be a good time to retreat! Also, don't go to places that are too crowded, as accidents are prone to happen.

2. "Laughing 9" asks: Why does gold and crude oil fall quickly and rise slowly?

Because when the price falls, all the sellers want to sell as soon as possible, but suddenly there is no buyer, the seller can't find a buyer, the price can only be lower and lower, and the buyer sees the price is getting lower and lower, it is even more difficult Don't rush to buy it.

3. "Sunflower" asked: I panic when there is a floating loss, and I can't hold it if it is right.

Holding positions that cannot withstand market fluctuations is a sign of uncertainty about the future. Don't do unexpected market and set up your own trading plan in advance, which is the performance of being responsible for your own funds! In most cases, don't pay too much attention to the momentary ups and downs. Looking back, these fluctuations are small fluctuations and do not affect success or failure.

4. "Lee Kum Kee" asked: I like breakthrough market, but always lose money?

Enter the market before the turning point, rather than chasing it. Such a list is easy to hold and not easy to be washed out.

5. "kk" asked: I have only been in contact with gold for half a year, is short-term or long-term more suitable for me?

"It's better to make money every day than to have a lot of wealth." Novices who do short-term trading are just the opposite. They pay a lot of handling fees every day, and it is easy to lose money in the end. Many novice readers always want to find the law in the short-term fluctuations, which is very difficult, because it is difficult for them to know the short-term thoughts and practices of other market participants!

6. "Crossover Pharaoh" asks: I am nervous when the market retreats, and I have lost my psychological shadow. I don't know whether I should persist

The only way to really deal with the market retracement is to "enter the market well and take a light position". Secondly, everyone wants to persist, but the longer the wrong method is persisted, the greater the harm!

That's all for tonight. I will take time to answer your questions every day in the future. I hope to use my more efforts to make my fans get more benefits. Good night!

Author: Kim Seung-ho