When the market started to rise from the bottom in late November, I repeatedly reminded everyone of one thing—the current trend is a textbook bull-trap rebound. There's nothing wrong with being bullish, but you need to know when to exit. Many people see paper profits but can't cash out; to put it bluntly, they don't really understand the market. Money earned by luck is often easily lost.

My own strategy is very simple: every time the price rebounds near a key resistance level, I set up short positions. If you look back at my previous posts, at the spots marked by those three arrows, I always pointed out potential opportunities to go short. This isn't hindsight; I identified the structure in advance. Technical traders all understand resistance levels, but the key is whether you dare to go against the crowd when everyone is bullish.