Today's review of iron ore short orders, first of all, the conclusion, if the funds allow, I will continue to hold short orders.
After a half-year upward trend, iron ore will begin to consolidate from December 2023, and this consolidation range is large both vertically and horizontally. The last ** in the consolidation range that will open on February 6, 2024, according to my trading system, will enter the market as soon as **strong again**. But at that time, there were already 6 hands of rebar short orders, rebar and iron ore belong to the same black system, rebar has not yet come out of the real trend, iron ore is also the early stage of the short trend, a position of rebar is enough.
If the black bearish trend can really come out, iron ore will have a more secure entry point with a smaller stop loss in the subsequent trend. Finally, on February 26, there was another entry signal, and 1 lot was shorted. Why would I hold both rebar and iron ore here, because I'm familiar with this trend. This kind of opening point, regardless of whether you can get out of the real trend or not, there is a high probability that you will not lose money. The trend in the future was repeated**, and it did not wait for a strong **.
In the morning of March 4, the iron ore short order was closed. The profit on the deal was minimal, but at least it wasn't a loss. If my margin is enough to open a position in other more bullish varieties, I will continue to hold iron ore and wait for the trend to come. Here's a sigh that it's really hard to do with a small amount of money. The most important thing is to ensure your own survival in trading. **People encourage it, come on. ##