$CXMT Last night I made one point on a trade at 7.89 and ran, but you still can’t just keep staring at the screen. I originally planned to take profit at 8.15, but then when the market shook and pulled back, I got scared and left immediately. After that, I almost couldn’t get back in 🥺 I finally bought again at 7.96, but I still didn’t hold it. Looking at the current chart, this rhythm—it's likely going to go to 53 to find support. The corresponding contract price is around 7.89, and most likely it will move there after hours as the US stock market adjusts. Also, the US stock storage sector is in an awkward spot right now: it has dropped into a support range. If it can’t hold, it’ll keep falling; if it holds, it should rebound. Personally I’m leaning toward it continuing to drop 😂
I only went long on short-term trades. Last week the short-side funding rate was really disgusting 😅 I made a little over 2 points in a week—what a mess.