Let me share why I was able to short near 90000 for Ice Sugar Orange and successfully hold the short position while also successfully bottoming at 60000:
At the beginning of the decline from 98000, I still did not realize that the main downtrend was about to come. I had previously mentioned that the end of the rise at 80600 would be at the end of January, but the market was particularly weak, causing the high point to appear early on 1/15. When the first wave dropped to 86000, I realized that 98000 was indeed the end of the rise, and then it was time to find a rebound position to short heavily.
When the daily line showed a top signal on 1/28, I urged my friends in the group to start capturing the main downtrend, and I promptly advised to short. Subsequently, I also successfully caught the turning point, and my friends in the group kept asking whether to take profits, and I told them to hold on tight. In the end, the short position was held around 70000.
On 2/6, the market reached a key support level of 74000, and I also reminded my friends in the group to be cautious about an accelerated decline tonight, as an accelerated decline would mean bottom fishing in the spot market. On Friday night, the market accelerated down to 60000, and the next morning, I successfully bottomed out at 61000 in the spot market. Currently, there is a floating profit of 13 points.
Why was I able to hold on? 1️⃣ The Gann turning point has not yet arrived, indicating that we are still in the process of finding a bottom. 2️⃣ The entry position was good, and there were no significant market fluctuations in between; only positions were added, with no reduction or profit-taking. 3️⃣ The support level of 68000 that I have always mentioned has not been reached; I absolutely do not reduce positions or go long unless the key support is reached.
If you are interested in joining and keeping up, you can contact me.
