#W There is a misunderstanding about the dealer's whipsaw behavior.

Believe that the dealer's whipsaw is to scatter the chips in the hands of the retail investors, matters
In fact, the dealer's whipsaw itself is not just to take advantage of retail investors.
chips.
More often than not, it is to reduce selling pressure and operating costs during a pump, making it easier to sell at higher prices and dump smoothly afterwards.
Let me tell you this way!
A group of wealthy people gathered together and spent their days speculating on things.
Seeking profits.
One day, I found a batch of plates on the market that were particularly beautiful, and everyone...
The total is ready to speculate on this batch of plates.
After market research, this batch of plates has a total of 10 million pieces, and the ask price for each plate is about 10 yuan.
These rich people started buying plates, 10 yuan each, first
Collect 5 million, and these 5 million are the bottom position.
Now sell at 20 yuan, and there are still 5 million in the market
A plate, obviously not cost-effective, want to buy more plates and not
Willing to buy at a high price, now I already have 50,100,000 plates in my hands
Price can be controlled now.
Many people in the market see someone buying a plate and are unwilling to sell,
Want to wait for the price to rise before selling.
On the first day, these people called the price 9.5 and bought from each other. On the second day, it dropped to 9 yuan, and they sold to each other. When they saw the market falling, some panicked and started selling off, which is a bear trap.
Not many were sold, and some people are still watching, just each
Trading at 9 to 10 yuan, going up and down, some people can't stand it.
Fluctuation every day and still losing money, and some people are selling one after another. This is it.
Whipsaw.
Suddenly there was a news that this batch of plates is defective, plates
The price has dropped to 6 yuan, actually selling to oneself. Of course, there are also many afraid that if the plate is not wanted, they will continue to lower the price and follow the trend.
Sell. This is an Unfavourable Information Whipsaw.
Then after the market calmed down, it slowly returned to 9 yuan, and suddenly fell
When it reached 7 yuan, many people thought there was bad news and hurriedly sold.
Out, in fact, a few days back to 9 yuan, the price dug a big
Pit, fill it quickly, this is whipsaw.
After a series of operations, the number of plates is almost the same
8 million, the cost is about 8 yuan.
Now you know why there is no whipsaw? Use a lower price to get more
A lot of chips, you can't spend 20 each to buy, and then pull up
No one wants to smash it in their hands at the age of 30.
By the way, wash out those who are not firm so that they can be lifted smoothly
Drop the cost of lifting.
Isn't a cost of around 8 yuan attractive?
After such operation, the daily ups and downs, the overall trend is upward.
Rise, rise to 15, then jump to 20.
This dish is on fire, it used to cost 10 yuan and now it has risen to 20
After that, as the popularity increased, more people started to follow, and then the plate was eaten.
Like what, it's still rising, slowly reaching 30, many people are sitting
Stop, I heard it's going to rise again, quickly buy some, it's really profitable. It reached 40 in no time, market expectations are to reach 80.
Rise to 50, analysis suggests that this batch of plates contains many trace elements.
Vegetables are beneficial to both men and women. They will rise to 200, everyone is crazy.
As if buying, these wealthy people are selling like crazy.
The cost has risen from 8 to 50, plus the rise in buying, a total of 900.
10,000 plates, now it's already 450 million, too many buyers
Long, still rising, sell while rising, sell 7 million, earn
Nearly 4 billion was raised.
When the market sentiment calms down, the price drops slightly, and at this time these people
Start selling the remaining, sell all the way down to 30 and then buy back and sell again.
Buy again at 20, sell at 10, and there are 2 million plates.
It only took to achieve 5 million.
Then continue to whipsaw and collect chips for a new round of harvesting.
Of course, there are many more Whipsaw operations by market makers. For example, rise and limit-up Whipsaw.
Whipsaw, limit down whipsaw, rally whipsaw, a lot, a lot, but
Just remember, don't discard the bottom chips at will,
How to determine the bottom range, as mentioned in previous Q&A,
Will continue to talk in the future.
The funding cost for market makers is high, and most of them use leverage.
So the longer the whipsawing takes, the higher the time cost will be, which will push the price higher
The higher the grid is made.
Through chip concentration, turnover rate, volume pile, chip
Code cost, go and see the approximate cost of market makers, they must not
will be willing to spend time to lose money, follow their suppression, and eat
Buy low, wash trading rhythm, do some high selling and buying low, wait for the pull up.
Okay.
The bottom chip concentration area is basically the main force cost zone.
Domain.
The turnover rate has increased, and it has exceeded 200% turnover for a period of time.
It is the market maker cost range.
The average price stacked up by trading volume is basically the market maker.
Cost position.
When the order book suddenly presses down on large orders, it is basically the market maker's cost position.
The more pressure, the more it rises.
Look at the trend comparison by yourself, and compare it with the indicators I mentioned.
Will it be easier to judge the market maker's whipsaw in the future?
Law.
As long as your costs are lower than the market maker's costs, what are you afraid of? You will not be
Wash it out? Will it soar after being sold? Not at all.
The purpose of the dealer's whipsaw:
The market maker is about to start whipsaw, I want to hold on to the chips, I want to make up
Hold, never get out of positions.
Whenever the stock market declines, there is always a group of people who subjectively believe
Just whipsawing, thinking that the dealer will sell heavily when it falls.
Buy chips.
In fact, the dealer must grab chips by raising them.
When the market is in a whipsaw pattern and keeps pressing down, it must be
More retail investors entered the market.
In theory, the dealer cannot effectively obtain chips during the whipsaw process.
Token, can only be used for token exchange.
Because whipsaw itself is directed by the dealer, and the director is washing
The market must sell a large amount of chips to scare retail investors.
So why bother to go to great lengths if the dealer cannot get the chips
What is the purpose of the disk.
In fact, the dealer's goal is very simple, which is to Whipsaw through.
Get relatively cheap chips.
Let me give you an example.
The dealer wants to build a position below 10 yuan, the lower the cost, the better.
The current stock price is 8 yuan.
The dealer has many ways of operating, such as raising it from 8 to 10, etc.
Absorbing chips sideways for a long time.
For example, it goes up from 8 yuan to 10 yuan, then drops back to 8 yuan, and goes up again to 10 yuan.
Accumulation of shock.
For example, it was suppressed from 8 yuan to 6 yuan, pulled back to 8 yuan, and then suppressed to 6.
Blocks, then pull to 10 blocks, accumulating in the range.
There are various methods to achieve this goal, but comprehensive operation
The production costs are different.
The dealer is just looking for the so-called lowest cost method.
The first way may cost about 10 yuan per share.
$10, if there is a systemic risk and the stock price big dumps, dealer
There may be no way back home.
For the second and third methods, the dealer's cost may only be 8.
Around yuan, giving yourself a sufficient safety cushion.
So, the dealer will definitely do when absorbing chips
Whipsaw, wash out the floating chips that want to be sold, and load them into
In your own pocket.
Whipsaw, the dealer has a second purpose, which is to alleviate
Selling pressure during the rise.
This is also to reduce the operation cost of the dealer.
In essence, the significance of collecting chips at a low price is not much different
long.
During the pump, there will always be people following the trend and there will also be capital outflows.
If the amount of funds fleeing is greater than the amount of funds following, it will occur.
Selling pressure, and selling pressure requires the dealer to spend real money
Silver, eat it, otherwise the pump will be blocked.
However, from the dealer's perspective, they are not willing to hold chips at a high position.
Ma, pulling and withdrawing on the side is what every dealer wants to do instead
Affection.
To achieve this effect, you need to do one thing, which is to wash
Disk.
Whipsaw itself, on the one hand, is to scare out panic selling, on the other hand, it is to attract trend-following buying.
There is a difference between the follow-up disk here and the traditional follow-up disk.
Those who can enter the market during the whipsaw process of decline
I am optimistic about this stock.
For example, the dealer raises the stock price from 10 yuan to 15 yuan, and...
After whipsawing between 13-15, the distribution of chips for retail investors originally was below 10 yuan, but now it is between 13-15.
Interval.
In other words, when the stock price rises to 20 yuan,
Chips' profit is 100%, now it's only 30-40%, selling off
Pressure is definitely different.
When the stock price rises to 15, 16, 17 yuan, sell it.
The number of people will be relatively reduced, and there will be a follow-up market to buy
Can take the upper hand.
In this case, the dealer has left himself room to operate,
If handled properly, then achieving both pulling and withdrawing at the same time is also possible.
Can be done completely.
Whipsaw is a full exchange of chips, which can be said to be a good dealer
The foundation of operating a stock.
The result of directly pulling up stocks
Most people haven't thought carefully about what would happen if there were daily gains.
Stocks, what will be the result of a continuous rise.
First, it is becoming increasingly difficult to collect chips.
People are always reluctant to sell, and they are most likely to throw out their chips.
Time, actually not in the midst of a pump, but just starting.
When the market is waiting, there is a significant decline in the market, and a clear top is formed.
The latter two are both cases where a dump is necessary, only the first
This is a pump situation.
That is, after the initial pump, if there is a continuous floating profit, the capital
The code will be sold slowly.
Chips being sold sparingly is not the same as chips being locked up and not sold, in the end position
The consequences are unimaginable.
Second, unable to dump at high levels.
The dealer cannot always push up the stock price, there will always be times to rest
Wait, or shall we say, we always need to dump.
When the stock price oscillates at a relatively high level, those who have never reduced
In the hands of retail investors in the warehouse, a large number of chips will rush out.
For the dealer, it is impossible to get chips during the pump.
The pump is getting higher, once it stops rising, it hasn't come yet
And when selling off, a large number of retail investors' chips will be thrown out first.
Come.
In this case, the dealer doesn't even have a chance to dump.
And keep dumb buying at high levels to ensure that the stock price does not collapse
Collapse.
Thirdly, there is less and less following the trend.
Many people may be puzzled, because in their understanding, the stock price is
The more it rises, the more followers there are.
Actually, it's not like that.
Retail investors are not fools. When the stock price rises, there must be a follow-up market.
It's getting less and less.
Unless individual stocks have a substantial favorable information, otherwise high
Not many dumb buying individuals.
The reason we see some stocks constantly rising is because
For the chips are concentrated in their own hands, they have to do it as a last resort.
The dealer only keeps pushing up the stock price to a relatively higher level.
Reduce the chip holding in order to cash out to the maximum extent.
And the higher the price, the deeper the fall, the funds for margin replenishment come in
You can cash out and leave in the same way.
And smart dealers don't need to do such things, anytime
Maintain liquidity, constantly suppress and then pull up after whipsaw, make
Create a real money-making effect to attract follow-up funds.
They always make new funds feel that the stock price has just started
There is still a lot of room for improvement.
It can be said that continuous upward movement is a game of capital relay.
Law, light position, fast speed.
For dealers who are determined to control the market trend and have a heavy stake,
This operation is unrealistic.
The process of chip exchange
It is said that Whipsaw is the process of chip exchange, so let's explain it carefully.
During the whipsaw process, how are chips exchanged?
First of all, Whipsaw is definitely a decline, and it is the dealer's selling that leads
The decline in导。
The dealer is selling a large amount of chips, and retail investors are panicking and rushing to sell their chips as well
And out, some of these chips are taken by the market makers, and the other part
Some of them are taken away by other retail investors for margin replenishment or increasing the position.
So, the first step is to transfer the chips from panic retail investors
In turn, it went to the hands of retail investors who held firmly.
Then, attract margin replenishment retail investors through small-scale pull-ups and sell-off.
After the dealer completes the whipsaw, it is usually a small yang line pulling up
Most of the disk, giving a lot of margin replenishment chips, some small profits.
Profit, hope they hand over the chips.
When the replenishment chips can be handed over, the next round will begin.
Rise.
That is to say, even the individual investors who are optimistic are completely
It is possible to exchange chips at the beginning of the next round of market movement.
Out.
And once the new round of market starts, the stock price will create a new phase.
High, the funds can see everything clearly is a whipsaw, and will also enter a large amount
Assist the dealer in pushing up the stock price.
Reviewing the entire Whipsaw process, whether it's a V-shape or an arc
In the game, the dealer is always exchanging chips, selling on the left and buying on the right.
Take.
But the retail investors have actually been washed once, leaving a batch
Bullish and washed away a batch of panic selling.
Chips go from the dealer to individual investors and then back to the dealer.
In hand, that's how it goes.
After completing this process, the cost of the market maker has not changed at all
Transformation, and the cost for retail investors has actually increased, this is
The significance of whipsawing lies in its essence.
The dealer must not be whipsawing for dumping or for high positions.
Taking chips again, just to make an exchange to satisfy oneself
Enough operating space.
Individual investors will definitely encounter a problem, which is how to distinguish
Whipsaw or the market maker is blatantly dumping.
Here we need to understand a core point, which is the result of whipsaw.
Rising is the core of dumping, which means falling all the way down.
This is a big logic of funds, and it also determines Whipsaw and
The biggest difference in dumping.
But in terms of action, the funds are all selling chips.
Only the dump is to clear the chips at the highest possible position as much as possible
Whipsaw is as much as possible by creating panic during the Whipsaw process
Sell high and buy low.
Under the logic of this capital, we mainly observe two
Click.
1. The continuity of the turnover rate.
Market maker dump, basically a one-sided action, except
If not absolutely necessary, the stock price has a tendency to collapse, causing oneself
Unable to withdraw smoothly, otherwise I will not go long again.
But the Whipsaw is completely different, the Whipsaw is to sell first and buy later
In the process of whipsaw, the market maker funds are willing to go
Absorb that portion of panic chips.
So, you will find a more obvious manifestation,
The trading volume of the dump will become smaller and smaller because of the low price.
As time goes by, the willingness to dump chips will gradually decrease.
But the Whipsaw is completely different, because of the turnover of funds, so
Even if the price continues to decline, the turnover rate will still be maintained
At a relatively decent level.
The sustainability of turnover rate is the greatest mark left by capital operation.
Aspiration.
If the turnover rate continues to drop, but the stock price still does not appear
When there are signs of a pump, it can be concluded that it is a dump, not a whipsaw.
At this time, the market maker funds have basically cleared the chips, leaving only
The retail investors are still waiting eagerly.
2. Directionality of the trend line.
Whipsaw and dump are also very obvious, just look at the trend
The directionality of the line.
The directionality of the so-called trend line refers to the market trend all the way.
Come on, can the supported moving average continue to rise?
The moving average can be understood as the average price and is the operation of the main force funds
This line.
When the main funds still want to operate a stock, moving average
will gradually rise, and the stock price will move along the moving average
Square.
When the main force funds are already planning to retreat, they won't be in
Consider the relationship between stock price and moving average.
The stock price is below the moving average, and the moving average will slowly open up.
Turn left and go straight down.
The trend line can be understood as the cost line of the market maker, according to
The direction of the trend line determines the whipsaw and dump, and its effectiveness is non-existent.
Always high.
Although, sometimes the main force funds may operate below the moving average.
However, it will return to the average line in the short term and
Will not change the operation trend of the moving average.
The market maker leaves traces unintentionally, but it is just a result of being cautious.
The control of future market trends must be operated in this way, ultimately retained
Just some traces of operation below.
Talk about the situation of market makers behind different forms of whipsaw.
And the meaning of Whipsaw.
After all, different levels of whipsaw, for the intention of funds
Speaking is completely different.
There are mainly four common ways to Whipsaw.
1. Whipsaw within the market.
Whipsaw, often occurs in super strong stocks.
This whipsaw method is relatively rough, that is, it appears in the disk.
Fall sharply, then recover losses