Many people have misunderstandings about the dealer's whipsaw behavior.

Believe that the dealer's whipsaw is to scatter the chips in the hands of retail investors,
In fact, the dealer's whipsawing is not solely for the purpose of taking advantage of retail investors.
Chips.
In most cases, it is to reduce selling pressure and operating costs during the pump and facilitate the subsequent rise and smooth dump at a higher price.
Let me tell you this way!
A group of wealthy people get together and speculate on things all day long.
To seek huge profits.
One day I found that there was a particularly nice batch of plates on the market, 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 around 10 yuan.
These rich people start buying plates, 10 yuan each, first
Collect 5 million, these 5 million are the bottom position.
Now sell the price for 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 there are 50.1 million plates in hand
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 bid 9.5, buying from their own people. On the second day, it dropped to 9, and they sold to their own people. When they saw the market falling, some people panicked and started selling off. This is called bearish selling.
Not many people are selling, and some are still observing, just every
Trading between 9 and 10 yuan, up and down, some people can't stand it.
Fluctuating every day and still losing money, there are also people selling continuously. This is it.
Whipsaw.
Suddenly, there was a message saying that these plates are defective, plates
The price dropped to 6 yuan, in fact, it is still selling to itself, of course, there are many scared people who think that if there is no one to continue to lower the price, they will follow suit.
Sell. This is an Unfavourable Information Whipsaw.
Then after the market calmed down, it slowly returned to 9 yuan, and suddenly fell again
When it reaches 7 yuan, many people think that there is some bad news and quickly sell.
Out, actually returned to 9 yuan in a few days, the price dug a big
Pit, quickly fill it up, 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 do you know why there was a whipsaw? Use a lower price to get more
A lot of chips, you can't spend 20 to buy one, and then pull it to
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 lift cost.
Doesn't it smell good with a cost of about 8 yuan?
After this operation, the daily fluctuation is up and down, and the overall trend is upward.
rise, rise to 15, and then jump to 20.
This plate is on fire, it used to be able to rise from 10 to 20
Then, the attention increased, and there were more followers, and then the plate was eaten.
As if, still rise, slowly to 30, many people sit
Can't hold on anymore, heard it's going to rise, quickly buy some to make money. Sure enough, it quickly reached 40, and market expectations are to reach 80.
Rise to 50, analysis suggests that this batch of plates contains a lot of trace elements
Plain, beneficial for both men and women, will rise to 200, everyone is crazy
It's as if buying, this batch of rich people is selling like crazy.
The cost has risen from 8 to 50, plus the rise in buying, a total of 900.
There are 100 million plates now, and it has already reached 450 million. There are too many buyers.
long, still in green, selling while rising, selling 7 million, profit
Nearly 4 billion has been received.
Wait for the market sentiment to calm down and the price to drop slightly, at this time these people
Start selling the remaining, sell all the way to 30 and then buy back and sell again.
Buy again at 20, sell again at 10, so a total of 2 million plates
The child can do 5 million with little or no cost.
Then continue to whipsaw and collect chips for a new round of harvesting.
Of course, the market maker's whipsaw operation has many aspects, such as rising limit whipsaw.
Whipsaw, limit down whipsaw, rally whipsaw, many many, but
Just remember one thing, don't casually discard the bottom chips.
How to determine the bottom range, which has been discussed in previous Q&A sessions,
We will continue to talk about it in the future.
The capital cost of the market maker is very high, basically all of them are leveraged.
So the longer the whipsawing process lasts, the higher the time cost, and it will eventually affect the price.
The higher the grid is made.
Through chip concentration, turnover rate, volume stack, and chips
Code cost, go to see the market maker's approximate cost, they must not be
Willing to spend time losing money, following their suppression, eating
Goods, the rhythm of washing the chips, doing some high selling and low buying, waiting for the rise.
Okay.
The concentrated area of chips at the bottom is basically the cost area for market makers.
Domain.
Turnover Rate increases, exceeding 200% turnover rate for a period of time
It is the market maker cost range.
The average price piled up by trading volume is basically the Market Maker
Cost position.
Order Book suddenly large orders press the market maker's cost position.
The more pressure, the more it will rise.
Please look at the trend yourself and compare it with the indicators I mentioned.
Will it be easier to judge the market maker's whipsaw in the future?
Finish.
As long as your cost is lower than the market maker's cost, what else do you have to fear? It will still be
Washed out? Regretting the big surge after selling? Absolutely not.
The purpose of the dealer's whipsaw:
The market maker is about to start whipsaw, I need to hold on to the chips, I need to replenish
Hold on and don't get out of positions.
Whenever stocks fall, there are always some people who subjectively believe
Just whipsawing, thinking the dealer will heavily when it falls
Grabbing chips.
In fact, the dealer must seize chips by boosting the form
When the market is in a whipsaw, it is definitely
More retail investors are entering the market.
In theory, the dealer cannot effectively obtain chips during the process of whipsaw.
Token, can only be exchanged for chips.
Because Whipsaw itself is directed by the dealer, and the director is cleaning up
The market must sell a lot of chips to scare retail investors.
So why go to all the trouble of washing the chips if the dealer can't get them?
What is the purpose of the disk?
In fact, the dealer's purpose is very simple, which is to whipsaw through.
Get relatively inexpensive chips.
Let me give you an example.
The dealer wants to build a position below 10 yuan, the lower the cost, the better.
Now the stock price is 8 yuan.
There are many ways for the dealer to operate, such as increasing from 8 yuan to 10 yuan.
After a long period of sideways chip absorption.
For example, it went up from 8 yuan to 10 yuan, then dropped back to 8 yuan, and then went up to 10 yuan.
Accumulation in volatility.
For example, pressing down from 8 yuan to 6 yuan, pulling back to 8 yuan, and then pressing down to 6.
Blocks, then pull to 10 blocks, accumulating within the range.
Various methods can 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 method may cost close to 10 yuan, the stock price
10 yuan, if there is systemic risk, the stock price will plummet, dealer
There may be no way out for the family.
And the second and third ways, the dealer's cost may be only 8
About yuan, give yourself a sufficient safety cushion.
So, the dealer will definitely do so when absorbing chips.
Whipsaw, clean up the floating chips that want to be sold and load them into
In your own pocket.
For whipsaw, the dealer has a second purpose, which is to alleviate
Selling pressure during the rise.
This is actually to reduce the operation cost of the dealer
In essence, it is fundamentally different from collecting chips at a low price, and the significance is not the same.
long.
During the pump, there will definitely be people following the trend to enter, and there will definitely be capital outflows.
If the amount of funds fleeing is greater than the amount of funds following the trend, it will produce
Selling pressure, and selling pressure requires the dealer to spend real gold and silver by himself
Silver, eat it, otherwise the pump will be blocked.
However, from the perspective of the dealer itself, they are unwilling to hold chips at a high position.
Coding, pulling and withdrawing at the same time is actually what every dealer wants to do.
Affection.
To achieve this effect, you need to do one thing, which is to wash
Plate.
Whipsaw itself, on the one hand, is to scare out panic selling, and on the other hand, it is also to attract momentum chasers.
There is a difference between the follow-up disk here and the follow-up disk in the traditional sense.
Those who can enter the market during the whipsaw process of the decline, follow the trend.
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 original distribution of retail investors' chips 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 only 30-40%, throw
The pressure is definitely different.
When the stock price rises to 15, 16, 17 yuan, it is sold off.
The relative decrease in the number of people, the following market will instead have the potential to buy in.
To be able to take the upper hand.
In this case, the dealer has left himself room to operate,
If handled properly, it is also possible to implement simultaneous withdrawal and withdrawal.
It can be done completely.
Whipsaw is a thorough 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 it keeps rising every day.
Stocks, what will be the result of a continuous pump.
First, it is becoming increasingly difficult to collect chips.
People are all reluctant to sell, and it's easiest to throw chips out.
Time, actually not in the process of pumping, but just starting
When, during a significant drop in the market, a clear top is formed.
Both of the latter two situations require a dump in order to fall, only the first one
This is a pump situation.
After the initial pump, if there is a continuous floating profit, you should consider
The code will be slowly cherished for sale.
Chip hoarding is not chip lock-up and not for sale, eventually position .
The consequences are unimaginable when they come out.
Second, unable to dump at a high position.
The dealer cannot always push up the stock price. There is always a time to rest.
Sometimes, or rather, 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, large quantities of chips will rush out of the warehouse.
For the dealer, there is no way to get the chips during the pump.
The price is getting higher and higher, and once the upward trend stops, it hasn't come yet
And selling, a large number of retail investors' chips will be thrown out first.
Come.
In this case, the dealer doesn't even have the chance to dump.
And constantly dumb buying at high levels to ensure that the stock price does not collapse
collapse.
Third, there are fewer and fewer followers.
Many people may be surprised because in their perception, the stock price is
Rise more, more follow-up discs.
Actually, it's not like that.
Retail investors are not idiots. When the stock price rises, there must be a follow-up market.
It's getting less and less.
Unless individual stocks break out some substantial favourable information, otherwise high
There are not many dumb buying retail investors.
The reason why we see some stocks constantly rising is because
In order to concentrate all the chips in one's own hands, one has no choice but to do so.
The dealer only keeps pushing up the stock price at relatively higher levels.
To reduce the chips held in order to cash out to the greatest extent.
And the higher the price, the deeper the fall, and the funds for margin replenishment will come in.
You can cash out as well.
And the smart dealer doesn't need to do such a thing at all, anytime
Maintain liquidity, continuously suppress the whipsaw and then pull up, make
Create a real money-making effect to attract follow-up capital.
They always make new funds feel that the stock price has just started
There is still a lot of room for movement.
It can be said that direct continuous upward movement is a game of speculative capital relay
Legal, position light, fast speed.
For dealers who are focused on controlling the market trend and have a significant number of chips,
Words, such an operation is not realistic.
The process of chip exchange
It is said that whipsaw is the process of chip exchange, so let's talk about it carefully
During the process of whipsaw, how are chips exchanged.
First of all, the whipsaw is definitely a decline, and it is the dealer's selling pressure
The downward trend.
The dealer is selling a large number of chips, and individual investors are panicking and rushing to sell their chips.
And these chips are taken away by the market makers, and the other part
Some retail investors were taken away by others for margin replenishment or position increase.
So, the first step is to get the chips out of the panic retail investors' hands
In turn, it has been transferred to the hands of retail investors who hold firmly.
Then, attract margin replenishment retail investors through a small increase.
After the dealer completes the whipsaw, it is generally a small bullish line pulling up
Most of them are in the market, and many margin replenishment chips are given, some are very small
Benefit, hope they surrender the chips.
When the margin replenishment chips can be handed over, the next round will begin.
Rise.
In other words, even the firm believers among retail investors are completely
It is possible to exchange chips at the beginning of the next round of market upturn.
Out.
And once the new round of market starts, the stock price will create a new phase
High, understand everything is Whipsaw, and there will be a large influx
Assist the dealer in pushing up the stock price.
Review the entire whipsaw process, whether it's a V-shape or an arc
In form, 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 behind a group
Firmly bullish, washed away a batch of panic sellers.
Chips go from the dealer to the individual investors, and then back to the dealer.
In hand, it's just such a process.
After completing this process, the cost of the market maker has not changed.
The cost of the retail investors has actually increased, which is
The significance of Whipsaw, is also the essence of Whipsaw.
The dealer's whipsaw is definitely not for dumping or for high positions.
Take the chips again, just to make an exchange to give yourself enough
Enough operating space.
Retail investors will definitely encounter a problem, which is how to distinguish
Whipsaw or market makers are blatantly dumping.
Here we need to understand a core, which is the result of Whipsaw
The core of rising is to continue to rise, and the core of dumping is to continue to fall.
This is a big logic of capital, and it also determines the whipsaw and
The biggest difference in dump.
But in terms of action, the funds are all selling chips.
Only the dump is to clear the chips at a high level as much as possible
Whipsaw is the process of creating panic as much as possible in the process of whipsawing.
Sell high and buy low.
Under this logic of capital, we mainly observe two
Point.
1. The continuity of turnover rate.
Dumping by market makers is basically a one-sided action, except
Unless absolutely necessary, the stock price has a tendency to collapse, leading to self-
Unable to retreat smoothly, otherwise I will not go long again.
But the whipsaw is completely different, the whipsaw is to sell first and then buy
In the process of Whipsaw, the market maker funds are willing to go
Absorb that part of panic chips.
So, you will find a more obvious sign, which is
The trading volume of dumping will become smaller and smaller, because the price is low
As chips are dumped, the willingness to dump will decrease gradually.
But Whipsaw is completely different because of the turnover of funds.
Even if the price continues to decline, the turnover rate will still be maintained.
At a relatively good level.
The continuity of turnover rate is the biggest sign left by capital operation.
Ambition.
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, rather than a whipsaw.
At this time, the main funds have basically cleared the chips and only a few are left.
The retail investors are still waiting anxiously.
2. Directionality of the trend line.
Whipsaw and dump are also very obvious, just look at the trend
Directionality of the line.
The directionality of the so-called trend line refers to the market all the way
Come on, can the dependent moving average continue to rise?
The moving average can be understood as the average price and is the operation of market makers' funds.
This line.
When the main force capital still wants to operate a stock, moving average
It will gradually rise and the stock price will walk on the moving average.
Party.
When the main force funds are ready to withdraw, they will not.
Consider the relationship between stock price and moving average.
The stock price is below the moving average, and the moving average will slowly open.
Turn right, go straight ahead.
The trend line can be understood as the cost line of market makers, according to
The direction of the trend line judges whipsaw and dump, and the validity is right or wrong
Always high.
Although, sometimes the main force funds may operate below the moving average
But it will return to the moving average in the short term, and
The operation trend of the moving average will not change.
The main force left traces of spider silk and horse tracks, not deliberately, but out of
The control of future market trends must be operated in this way, and ultimately retained.
Just some traces of operations below.
Talk about the situation of market maker funds behind different forms of whipsaw.
And the deep meaning of Whipsaw.
After all, different levels of whipsaw have different intentions for capital.
Speaking is completely different.
There are mainly 4 common ways of whipsawing.
1. Whipsaw within the range.
Whipsaw within the plate often occurs in super strong stocks.
This whipsaw method is relatively rough, that is, there is a whipsaw in the market.
A sharp drop, then regain lost ground.
Strong stocks often attract many followers, while some newcomers
profitable positions When the stock rises sharply, lock-up positions will begin.
The consequence of lock-up positions is that the turnover rate becomes lower and lower, and it is pushed up.
Seems easy at first, but if there is a sell-off, there will be a potential risk.
A large amount of selling pressure.
Simply put, the main force may not be able to leave, and retail investors
Just withdraw for now.
Therefore, the goal of the market maker is to increase turnover and raise costs for retail investors.
The easiest way for strong stocks to scare panic selling is to
Intraday big dump, some profit-taking positions will sell off in large quantities.
And the funds that dare to dumb buying are often very bullish.
Get on board.
After this whipsaw, the overall cost of retail investors will rise by one.
Steps, but the main funds are moving money around without much effort.
The impact.
Intraday long flipping short, flipping short to long can also gather again.
Follow the trend and get on board.
2, 5-day Whipsaw.
The whipsaw of the 5-day moving average is a brake-style whipsaw for strong stocks.
When the stock price deviates from the 5-day moving average, # the profit margin of the profit-taking
If the volume is large, it will lead to increased selling pressure.
These strong stocks will not be locked up like limit-up stocks.
So under strong selling pressure, it is bound to hit the brakes.
Moreover, this brake does not need retail investors to step on, and is operated by market maker funds itself
Has stepped on the brake because it no longer wants to continue investing at a high position.
Funds.
At this time, it is inevitable to do short-term high selling and buying at a low price.
Selection.
The 5-day moving average is a strong support for the upward trend, and it retraces to the 5-day moving average.
The selling pressure of retail investors will inevitably decrease.
The funds that wanted to sell have already exited, just like that.
Whipsaw completed.
The reason why I am unwilling to fall below the 5-day moving average is because of the main force capital
Gold is afraid of too many loss-making positions, and the popularity is scattered. It will rise again.
Degree faces selling pressure from trapped positions.
After this type of whipsaw is completed, market makers often rush towards it.
Generally, we won't repeatedly counteract the top.
Feeling.
3, 20-day moving average whipsaw.
The most common whipsaw in the market is actually the 20-day moving average whipsaw.
20-day line, which is actually the monthly line, because usually only one month
About 20 trading days.
The 20-day moving average is the operating cost line for market makers.
A landmark trend line in the medium term.
So, when a lot of market maker funds are whipsawing, it's a rush.
It is killing back to the 20-day moving average, waiting for the position of the 20-day moving average.
After that, they will stop and even start accumulating.
This midterm cost consideration whipsaw method, relatively speaking, can
To do a moderate level of Whipsaw, and the effect is relatively not
Wrong.
Whether it's short-term individual stocks, medium-term individual stocks, or even some long-term ones
Individual stocks, will all have this kind of Whipsaw pattern.
4. Whipsaw triangle.
Triangle Whipsaw, should be considered the largest level of whipsaw
Completed.
The so-called triangle whipsaw refers to where the rise starts.
Go, Whipsaw back to where it fell.
Obviously, this whipsaw approach is equivalent to this round
In the process of rising and falling, any funds involved are trapped.
Inside.
Of course, the funds trapped here are not only retail funds.
Gold, and market makers actively buy sets.
This way of whipsawing is to first place the initial chips on the top.
Rise and wash out, while tying up a batch of new chips.
And then, when the whipsaw is completed and continues to pump, the tied up can be taken out.
Chips are washed again to finally collect all the chips to oneself
In the hands.
Triangle Whipsaw, the more thorough, the chips in the Whipsaw交
The more exchanges, the more fully, the more concentrated the future chips will be.
Convenient.
This kind of whipsaw often occurs in the early stages of a bull stock's pump.
Will see the top stage of the market sprint.
Finally, let's summarize the Whipsaw phenomenon.
Many investors' biggest problem is the existence of Whipsaw.
Speculating based on the actual situation of the market.
Break.
When being subjectively bullish, everything is considered whipsaw, even
Market Maker has confirmed the dump.
When subjectively bearish, everything is considered a dump, even if
After the whipsaw, the stock price reached a new high, and it is also considered a long position.
The reason why Whipsaw is called Whipsaw is because of the tactics of Market Maker.
It is difficult to be detected by retail investors, otherwise the purpose of whipsawing cannot be achieved.
Some retail investors like to analyze the technical chart patterns to predict market trends, if the 主
The force is a repetitive Whipsaw pattern, allowing retail investors to understand it thoroughly.
了, how to achieve the purpose of Whipsaw?
Retail investors can only judge the market makers based on the subtle clues on the trading screen.
Intention, but if the result is different from imagination, be sure to according to
Make the final trading decision based on the signals provided by the market.
As an ordinary retail investor, if you want to be with the market makers, you must
Understanding the village and the operating rules of capital can help us better.
Make a prediction.
Of course, if it is possible to avoid speculative stocks, it is best to avoid them, because
For the dealer stock often kills people without seeing blood, and the slightest carelessness will be caught off guard
And, if you want to make a living under the control of the dealer, it's really not easy.
Not easy.
And for retail investors who don't understand the stock market, it's better not to participate.
The dealer is completely opposite to the retail investors, making it easy to
Retail investors doubt their lives.