Secondly, I judged the effective support level for this drop to be around 42xx the day before yesterday. I placed a long order at 4260 because the trend clearly indicated a downward probe.
Just right.
Yesterday's surge provided me with ample reason to short; when it went up, it was a strong short opportunity.
However, it's a pity that I missed the long order at 4260. If I had caught this wave, it would have been a double profit from both long and short, resulting in a rebound profit of 100 points.
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