The rules of trading are these few sentences:

A sharp decline must have a rebound, do not sell; a slow decline will continue to fall, consider selling.
A sharp rise will inevitably pull back, consider selling; a slow rise will continue upward, do not sell.
Don't cut losses during a big drop in the morning; there is usually a rebound in the afternoon.
A big surge at the end of the day should be reduced; the probability of a pullback the next day is high.

These things are easy to say but difficult to do; this is the ongoing process of refining your trading mindset.
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