On this day, he transferred all the remaining funds into the account of the futures company, ready to see the opportunity to increase his position short.

However, because the rebound from August 13th to August 22nd brought him too much psychological shadow, so he was cautious and did not rush into the market when the funds were already in place, he was waiting for a better opportunity, and tried to do his best this time after the price rebounded again.

Because if all the positions are shorted, the price will rebound again like the last time, and it will be difficult for him to bear.

Now he is like a hunter in the forest, quietly hiding in the bushes, keeping an eye on the prey in front of him, and shooting at the right time.

On Tuesday, September 2, the domestic copper price once again opened with a sharp gap of 57,450 yuan, and fell by 660 yuan from the previous trading day as soon as it opened.

And judging from the intraday time-sharing chart, today's all-day trend, after a sharp gap and low opening, basically did not have a decent rebound, and the highest price of the day was 57,570 yuan. Although the closing price of the day closed at 57,100 yuan, the lowest point of the day fell to 56,880 yuan, once falling below the integer mark of 57,000 yuan.

Today's closing price of 57,100 yuan is the lowest closing price among all candlestick charts since August 15th. Below, only the closing prices of the two bullish candlesticks on August 13 and August 15 formed some support for it.

Even so, if you look at the 8 K-line charts from August 22 to today, the accelerated decline in copper prices is very obvious.

The trend before August 22nd, as Yan Jie said, is two advances and two retreats, but the price trend of the eight trading days from August 22nd to today is not even one advance and one retreat and two retreats, but a direct decline.

Now Li Xin has decided to increase his position, but he did not increase his position today, because today's price is in the process of falling rapidly, and there is no cost advantage after entering the market.

He has a lot of fishing experience, and he knows that the rapid decline in copper prices for 4 consecutive days is like a fish floating on the surface of the water when the fish gnaws on the bait during fishing.

At this time, although the fish bites, it is not the best time to lift the rod. The best time to lift the rod is to wait for the fish to sink and then draw up.

At that time, when the fish has already bitten the hook and bait, and wants to pull the bait off the hook with force, the accuracy of the rod to catch the fish is almost 100%.

The situation in which the hook sinks and then pulls up is called a drift in fishing terms.

Li Xin is now thinking of waiting for this time to drift before entering the market.

He calculated the last 4 consecutive trading days, indicating that the bears have just begun to exert force. That is to say, at this time, the bears are gradually starting to open positions, and the bears will definitely not quickly suppress the price at this time. Because in that case, many positions of the bears have not yet been established, and after the rapid decline in prices, the profits obtained by the bears are not large.

From the perspective of the bulls, when the price falls to this position, there is still support below, and the bulls will definitely fight back in this place to prevent the decline from forming further. Otherwise, if the bears are allowed to continue to suppress, there will be no natural danger for many parties to defend in the next step.

Because looking down from this position, there are only two low supports of 57,030 yuan on the 15th and 55,410 yuan on the 13th.

These two reasons make Li Xin predict that the price will have a reversal recently, if such a situation occurs, it is his best short opportunity, and the cost of entering the market at that time is much more favorable.

Sure enough, on September 3, the copper price opened with a gap of 57,700 yuan, and then launched a wide range of shocks, the highest rose to 58,120 yuan, the lowest was 57,530 yuan, and closed at 57,710 yuan.

Today this candlestick chart is a small doji.

Because today's small doji rose far less than the expected rebound height in Li Xin's mind, he did not enter the market today to increase his position.

Today's close is still some distance from the 20-day moving average of $58,420.

The reason why Li Xin set his sights on the 20-day moving average of 58,420 yuan is because he predicts that the first goal of the bulls to push up prices in this round is to break through the pressure of the 20-day moving average, otherwise this wave of rise is likely to be completely lost.

From the perspective of the bears, it is the most costly time for the bulls to raise the price to near the 20-day moving average and then enter the market to suppress it.

It's like the defending side on the battlefield will put the attacking side within 50 meters of the forward position and then fire, and the counterattack is most effective at that time.

These two reasons determine that the price will definitely compete fiercely near the 20-day moving average in the next two days.

With another wave of declines now clear, the bears will certainly not let the bulls lift the price above the 20 EMA.

Li Xin is ready to sit on the mountain and watch the tiger fight, as long as the price cannot break through the pressure of the 20-day moving average in the next two days, he will immediately enter the position and increase the position.

On Thursday, September 4, the price of copper futures opened with a gap of 58,280 yuan, which was a sharp increase of 570 yuan from the closing price of the previous trading day.

The strength of this rise is not insignificant.

But in the eyes of Li Xin, who has been keeping an eye on his prey, he has found many subtleties in the trend.

After the price opened with a gap of 58,280 yuan, it only rose by less than 100 yuan and fell immediately. In just 4 minutes, the price fell below 58,100 yuan, and the decline is still unabated, showing a pattern of getting lower and lower, and shocking down.

It is said that this trend is subtle because at this time the 20-day moving average has been pressed down to around 58,350 yuan. Today's gap of 58,280 yuan and the short-term appearance of 58,370 yuan are obviously very afraid of the pressure of this 20-day moving average, and they are immediately suppressed if they get a little closer or even break through a little.

Li Xin, who has always carefully studied and judged the market trend and figured out the psychology of traders, immediately realized that his judgment was not wrong, and the bears had a million troops waiting in this place, as long as many parties dared to show their heads, they would be suppressed immediately, and they would not hesitate to do so.

Under the pressure of the bears, before 10:30 in the morning, the price was hit to 57,840 yuan.

As soon as Li Xin saw this situation, he knew that this was the perfect time for him to wait for the drift, and as soon as the price reached the vicinity of the 20 moving average, he was immediately beaten down by a large number of sell orders, which showed that he was not fighting alone, and the power of the short side was unimaginable! So he seized the time and began to sell and open positions.

On this afternoon, he sold another 2,000 lots, and this time the entry price was around 57,800 yuan.

At 3 o'clock this afternoon, the price closed at 57,960 yuan.

Li Xin's current holding cost of a total of 4,000 lots is 59,950 yuan. Ignoring the single digits, calculated in large numbers, his holding cost is just at the integer mark of 60,000 yuan.

Based on today's closing price, his current profit on his 4,000 lots is just 40 million.

Although he was very sure that his judgment was correct, Li Xin, who had done his best to fill his position, thought about it carefully after closing, and his heart was still pounding: today is Thursday, and tomorrow is Friday. September 3 to today these three K-line chart is a continuous rise pattern, although today's closing price did not break through Monday's closing price, but if tomorrow Friday's price breaks through the pressure of the 20 moving average, then Tuesday to Friday this 4 consecutive days of K-line is a continuous upward trend, will it come out of the rising market, like the 13th to 22nd wave of the market to continue to challenge the pressure of the 60-day moving average?

If that were the case, the probability of breaking through the 60 EMA would be much more likely than the previous one, when the starting point of this wave of growth has been gradually raised.

Fortunately, the London copper price, which followed the rise in domestic futures copper prices during the day, saw a rapid decline that night, and at 2 o'clock in the evening, the London copper price fell by 1.38%.

Li Xin, who stayed up until 2 o'clock at night, knew in his heart after seeing this result: even if the price will rise tomorrow, the strength cannot be too great.

On Friday, September 5, the opening price of copper futures gave Li Xin, who had been staying up late and worrying for a long time, a great reward: the opening price was 56,960 yuan.

This opening price is down $1,000 from the closing price of the previous trading day. The profit on Li Xin's account increased by 20 million overnight.

Even though he has been bearish on copper prices, Li Xin did not expect the expected results to come so quickly.

You must know that the range of such a drop of 1,000 yuan at the opening of the market is only greater than it after the opening of the market on August 15 within half a year.

As a result, the price, which was still entangled around the 20-day moving average yesterday, is moving away from the 20-day moving average in an instant.

Judging from the current situation, for the time being, don't think about where the price will be at the close of 3:00, just say that the opening price gaps so low and opens so much, which proves that the power of the bears is very strong, and their intention to suppress the price so low is to completely destroy the confidence of multi-party resistance.

From this point of view alone, it is already clear which is stronger or weaker on both sides.

If the bulls are stronger than the bears, then they should raise the price above the 20 EMA and gap higher.

Sure enough, under such a strong offensive by the short side, the bulls had no strength to organize a counteroffensive, and the price of the day reached 57,070 yuan, and finally closed at 56,660 yuan.

This closing price is lower than the opening price, and the profit on Li Xin's account is more by the time it closes.