I want to share my recent trading approach for PLAY.
Initially, I noticed that PLAY was showing a clear accumulation pattern on the daily chart. As the volume decreased and it pulled back, retail investors started to sell off. Then, the first rally occurred. I didn't react quickly enough at that time, which was a bit regrettable.
However, the subsequent decline after the rally gave me a new signal — the volume remained shrinking, indicating that the big players still held the chips. This upward move was likely just giving the follow-up traders an opportunity to exit. If they wanted to continue distributing, they would need to push the price higher.
My strategy was clear: wait until retail investors truly can't sell anymore before entering. The opportunity finally arrived. When the volume was pushed to the limit and the 4-hour chart started to consolidate sideways, I could already sense the market's turning point — retail investors no longer had the strength to continue selling, which was the optimal entry point.
Overall, this operation went quite smoothly, and I am fairly satisfied with the result.
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ChainWanderingPoet
· 01-20 09:56
Hmm... this wave is quite detailed, and decreasing volume is indeed a signal. I'm also waiting for that critical point.
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LightningSentry
· 01-17 15:55
Oh no, the first round of surge was really a trap, but this actually gives you a chance to see through the manipulator's intentions.
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fren_with_benefits
· 01-17 15:54
Oh, I missed the first wave and didn't react in time, which is a bit regrettable. But later on, reading the volume correctly was indeed comfortable.
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ExpectationFarmer
· 01-17 15:52
Damn, I need to learn from this move. Shortening to the limit and then jumping in is truly brilliant. I kept catching the bag and getting stuck before.
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SilentObserver
· 01-17 15:30
The consolidation with decreased volume was indeed an excellent entry point; your bottom-fishing skills are quite good.
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NotFinancialAdviser
· 01-17 15:30
Buddy, your technique is pretty impressive, just a bit of late realization.
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The real opportunity is only when the volume shrinks to the extreme; I agree with this judgment.
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Waiting for retail investors to sell out before entering? Easy to say, but hard to grasp in practice.
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It's a bit regretful not to have caught the first wave; missing such opportunities is always the hardest.
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Consolidation with decreasing volume is indeed a good signal; I’ve learned that.
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All are correct, but the question is, can you be this decisive every time?
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This approach is actually about tracking the actions of the big players; sounds simple, but it's hard to do.
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The description of volume being pushed to the limit is excellent—that moment.
I want to share my recent trading approach for PLAY.
Initially, I noticed that PLAY was showing a clear accumulation pattern on the daily chart. As the volume decreased and it pulled back, retail investors started to sell off. Then, the first rally occurred. I didn't react quickly enough at that time, which was a bit regrettable.
However, the subsequent decline after the rally gave me a new signal — the volume remained shrinking, indicating that the big players still held the chips. This upward move was likely just giving the follow-up traders an opportunity to exit. If they wanted to continue distributing, they would need to push the price higher.
My strategy was clear: wait until retail investors truly can't sell anymore before entering. The opportunity finally arrived. When the volume was pushed to the limit and the 4-hour chart started to consolidate sideways, I could already sense the market's turning point — retail investors no longer had the strength to continue selling, which was the optimal entry point.
Overall, this operation went quite smoothly, and I am fairly satisfied with the result.