Many people repeatedly stir up both long and short positions back and forth in the daily trading range box, only to end up losing more than they should during a rapid rebound. At 9.12, I already reminded you that this was an uptrend continuation (Figure 2): after the consolidation for 20 days, you need to choose to break out of the box and move upward. Some people, using interest-rate hikes as the benchmark, chose to short or keep trading the range downward—so they went in the wrong direction.

Making mistakes on the short term can be corrected, but on the intermediate-to-long-term trend, you must never be wrong.