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Massive drawdowns are extremely disgusting and uncomfortable. -3.24 post-mortem review
The three major indices all rebounded and rose across the board, with over 5,100 stocks rising in the entire market, and hundreds hitting the daily limit. It’s a day when investors’ funds are recovering, which is very encouraging. However, today not only lacked volume but also saw a significant decrease in trading activity, indicating that market funds are currently in a cautious wait-and-see mode. Therefore, this cannot be considered a bottoming out, but rather a rebound trend. The reason for the market’s cautiousness is still related to the end of the US-Iran conflict, which is expected around April 9th—still more than ten days away. What might happen during this period is uncertain. According to news, the US plans to seize Halek Island from Iran and destroy Iran’s energy facilities, adding to the uncertainties. So, market funds are holding back. It’s unreliable to assume the war will definitely end on April 9th because the Gulf War, which had a huge impact, lasted 42 days. Some speculate that this time, the war might end a day earlier to show off strength, but the world is never that simple. Given Iran’s current situation, forcing it to surrender in a short period remains very difficult. [Taogu8]
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Market situation today:
The three major indices opened high and dipped before rebounding in the morning, then oscillated higher in the afternoon. The Shanghai Composite rose 1.78% to 3,881.28, the Shenzhen Component gained 1.43% to 13,536.56, and the ChiNext Index increased 0.50% to 3,251.55. Total trading volume was 209.6 billion yuan, down 35.2 billion from the previous trading day. Sector performance was relatively active, with power, computing power, lithium batteries, photovoltaics, and ST sectors leading.
Market summary: The entire market saw widespread gains, with a clear profit-taking effect. Last night, my futures account experienced a significant drawdown, and even during the day, I couldn’t fully recover from the intra-day losses. The large retracement was very uncomfortable, but it didn’t stop me from continuing to trade aggressively in the futures market. My short-term account remains in a flat position.
My strategy and plan will be posted in the comments tomorrow morning.
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High-emotion zones (3):
Huadian Liaoning Energy - low-priced stocks + hydrogen energy + marine economy, 7 consecutive gains,
Shaoneng Shares - electricity synergy, 4 gains in 5 days,
Zhongli Group - photovoltaics + energy storage, 3 consecutive gains,
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Second-board upgrade zone (10):
(1) Xuelang Environment - restructuring + ChiNext, 2 consecutive gains,
(2) Tuori New Energy - space photovoltaics, 2 consecutive gains,
(3) Liaoning Energy - coal + thermal power, 2 consecutive gains,
(4) Zhejiang New Energy - power, 2 consecutive gains,
(5) Huasu Holdings - industrial mother machines, 3 days with 2 gains,
(6) Minohua - weight loss medicine, 3 days with 2 gains,
(7) Rongsheng Environmental Protection - environmental protection, 3 days with 2 gains,
(8) Hengtian Hailong - military industry, 3 days with 2 gains,
(9) Shuhua Sports - sports industry, 3 days with 2 gains,
(10) Yunnan Germanium - indium phosphide, 3 days with 2 gains,
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Thanks to @lightwo @Jiaoye @HaidiLaoZhen839 brothers for the support and tips.
Thanks to all the friends for liking and commenting, for your continuous support.
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Disclaimer: The views expressed are solely personal thoughts and records, not investment advice. Maintain a good mindset, and may the stock market be prosperous.