Judging from the trend of the domestic futures market, it is even more so, from October 6th to yesterday, October 13th, the formation of this continuous 5 down limits, except for the October 8 day when the fall limit was opened several times, there is a small upper shadow line, almost can be said to be a word down limit.

This unprecedented decline indicates an extreme downturn in the copper metal consumption market, otherwise, how could copper prices come out of such a trend?

Under these circumstances, will the news of a foreign bailout of a bank on the verge of bankruptcy in the financial crisis completely change the form of supply and demand in the domestic copper metal market? This should be just an emergency measure, like a booster for a dying patient.

If this injection of cardiotonic is given, will the critically ill patient immediately return to a healthy state?

After a critically ill patient is rescued with a cardiac agent, he or she will have to go through a long period of treatment and recovery before returning to his or her health. The financial crisis that is intensifying abroad is like a terminally ill patient, and even if there are one or two emergency measures, the illness will go back and forth in a critical situation. If only one or two emergency measures can save the decline, it cannot be called a financial crisis.

Therefore, according to the analysis of the trend of copper prices in London just now, even if the copper price rises to the limit today, it is a high probability event to return to yesterday's limit in the next two or three trading days.

Thinking of this, Li Xin couldn't help but think of the concept of head and bottom formation that she mentioned when she discussed with Xia Xiaona on the weekend whether she should close her position and leave the market.

He was under the impression that the formation of the head and bottom was a staged event, not a matter of a day or two.

Two and a half years ago, the domestic copper price broke through the integer mark of 80,000 yuan in the process of rapid rise, and hit the highest price in history of 85,500 yuan, and it also fluctuated back and forth in the price range of 83,000 ~ 85,000 yuan for nearly a week. It is just one step away from the all-time high of 85,500 yuan

That is to say, the copper price hovered around the highest point of 85,500 yuan for 5 trading days before finally forming a head. In these 5 trading days, the highest price is also close to 85,500 yuan, and the lowest price has not fallen below 83,000 yuan.

This is why Li Xin has been entangled and regretted for a long time that his original long positions were completely closed and left the market before 70,000 yuan. At that time, I was worried that I would quickly pull back after the price surge, and my profits would be lost. However, the actual trend of copper prices has been hovering around the apex for a whole week. If you had the courage and confidence to close the position until you got more than 80,000 yuan, the market would have given you enough time and space to leave the market.

The same example can be seen in the stock market. When the bull market rushed to near the highest point last year, Li Xin's Western Copper shares had begun to gradually leave the market before the stock price reached and exceeded the 90 yuan mark. The highest price at which he sold the stock did not exceed $93, and the stock left in this position was less than 5% of his total position.

However, in the process of building the top of the Western Copper stock, the highest point of the stock price in the whole five trading days was not less than 95 yuan, and the highest price was close to 98 yuan.

That is to say, whether it is to buy long metal copper in the futures market or to buy shares of Western Copper in the stock market, Li Xin is too cautious and worried that his profits will shrink significantly.

If we look at the rate of decline alone, after the National Day, the copper price in the domestic futures market has fallen for five consecutive days, which is far faster than the rate at which the futures copper price peaked two and a half years ago, and it is also faster than the stock market rose to the peak of the bull market a year ago.

This also shows that even if the copper price fell to near the fall limit yesterday, there is a high probability that the recent bottom has not been probed. Even if yesterday's falling limit is the bottom, according to their own top and bottom once formed, the price will be entangled in the lowest point and the highest point near the judgment of four or five trading days, in these four or five trading days, the price will continue to return to the lowest point and the highest point, the farther away from the highest point and the lowest point, the greater the probability of returning to the lowest point and the highest point.

That is to say, the higher the copper price rises today, the more you can't chase the high and leave the market, otherwise the profit loss will really be great.

And if you resist the impulse to close the position brought by the seemingly rapid loss of profits, you can find the most realistic and profitable exit point in the next price retracement process.

Thinking of this, I saw that the time had come to 8:55, and in a few minutes, it was time for the domestic futures market to call for bidding. At this moment, Li Xin made an unusual move: he turned off the computer in the study, grabbed the cigarette on the table and put it in his pocket, and walked out the door for a walk.

He did this for two reasons. First, he has a hunch that copper prices in the domestic futures market will definitely rise sharply as soon as the market opens today.

The second point is that he knows that his weakness is that his psychological quality is not very good, especially in the face of huge profits, in the process of large price fluctuations, he is likely to be unable to stick to the decision he has made not to close the position temporarily, and close all the positions in the process of the price rushing.

So in order to avoid this situation and better implement his decision not to close the position even if the price rushes to the limit today, Li Xin had to stay away from the computer and not look at what the price trend is today, and he will wait for an hour or two before looking back.

The villa area where Li Xin lives is built on the mountain, and the scenery in the community is very beautiful, but all this has become commonplace for Li Xin. He prefers to walk outside the gate of the community and along the winding road in front of the community, which feels more relaxing than walking in the community.

After the Mid-Autumn Festival, the weather gradually cools. At this time, it was around 9:00 in the morning, and it was on the mountain road in the suburbs, although the sun was very bright, but the oncoming mountain wind was already a little chilly.

Li Xin walked a long way along the mountain road and came to a steep cliff. Behind him was a verdant forest, and in the distance were mountains of mountains. In the depths of the col, several small mountain villages can be seen. There was a faint layer of cooking smoke over the mountain village, and everything seemed so peaceful and calm.

It has been several days since she resigned, and Li Xin has now gradually begun to adapt to getting up early in the morning to face the stock market and futures market at home alone. This is a little lonely compared to the daily work he has been accustomed to going to work in the company in previous years, but this seems to be the life he wants to pursue.

He now figured out that what he was used to in the past was just a habit. Only by breaking the previous habits can it be possible to face a broader space. What's more, this is not what it used to be, at this time, I don't have to think about many details, and I can completely use my mind on what I am interested in.

The change of the environment can really change people's thinking a lot. Li Xin was in the villa just now, whether he was walking back and forth on the balcony or in the living room, his thoughts could never escape those candlestick charts on the computer screen.

But now that he has walked out of the villa and the community, he has taken such a walk on the winding mountain road, and the infinite open scenery in front of him has quickly opened up his thinking space. His mind was no longer obsessed with whether to close the position today, and the pressure brought to him by the market trend disappeared in an instant.

For a moment, Li Xin thought of Yuan Jie in his heart.

Because of work and business relationships, Yuan Jie has always been the object of his confiding to some extent. There are many questions about futures, because I am worried that Xia Xiaona's psychological tolerance is weak, and because I am worried that I can't explain it clearly to Xia Xiaona, so Li Xin will not open her heart to discuss these issues with Xia Xiaona until she has to do so, and when Xia Xiaona asks him. But it is different for Yuan Jie, as long as Li Xin has any entanglements in the futures market, he will explain to Yuan Jie and Pan Pan.

Because after these things were told to Yuan Jie, he was not worried that Yuan Jie would interfere with his operation and judgment. And after telling Yuan Jie her true thoughts and judgments, she can also give feedback to herself some very useful information.

A few days ago, Yuan Jie was inexplicably cold to himself, so that Li Xin couldn't call her again to confide in her distress in this regard, at this time, thinking of these things, Li Xin realized that Yuan Jie was actually very important to herself.

He just walked along the mountain road, admiring the beautiful scenery in front of him while letting his mind run freely.

By the time he felt that his mind had completely calmed down and returned to the villa area again, he had already walked a total of five or six kilometers on the winding mountain road, and more than an hour had passed.

After returning to the study, because he didn't know what kind of price trend he would face after turning on the computer screen, Li Xin sat quietly in front of the computer for more than a minute, calmed his mind again, and made up his mind not to close the position today before turning on the computer.