Longest people have misunderstandings about the dealer's whipsawing behavior.

Believe that the dealer's whipsaw is to scatter the chips in the hands of retail investors.
In fact, the dealer's whipsaw itself is not simply to take the retail investors.
Chips.
Most of the time, it is to reduce selling pressure and operating costs during the pump, making it easier to unload and smoothly dump at higher levels afterwards.
Let me tell you like this!
A group of wealthy people get together and hype things up all day for no reason.
Seeking profits.
One day, I discovered a batch of plates on the market that were especially beautiful, and everyone...
Total to prepare for speculation on this batch of plates.
After market research, there are a total of 10 million plates, with an ask price of around 10 yuan each.
These wealthy people start buying plates, collecting them for 10 yuan each, first
Collect 5 million, these 5 million are the bottom position.
Now sell the price 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 there are 50.1 million plates in hand
The 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 for 9.5, and they bought from their own people. On the second day, it was 9 yuan, and they sold it to their own people. Looking at the plate falling a lot, the plate holders are anxious and start selling one after another. This is the lure to sell short.
The amount sold is not particularly large, and some people are still watching, so every
9-10 yuan a day, up and down, some people can't stand it
Fluctuating every day and still losing money, with people selling continuously. This is it.
Whipsaw.
Suddenly there was news that this batch of plates is defective, plates
The price dropped to $6, actually still selling to oneself, of course, there are many who are afraid that no one will continue to follow the price drop.
Sell. This is an Unfavourable Information Whipsaw.
Then after the market calmed down, it slowly returned to 9 yuan, and suddenly fell again.
Many people think there is bad news when it reaches 7 yuan, so they hurry to sell.
Out, actually returned to 9 yuan in a few days, the price dug a big
Pit, fill it quickly, this is a whipsaw.
After a series of operations, the number of plates is almost the same.
8 million, cost about 8 dollars.
Now do you know why the whipsaw? Take a lower price for more
A lot of chips, you can't spend 20 each to buy, and then pull it.
No one wants to smash it in their hands at 30.
By the way, wash out those who are not firm so that they can be lifted smoothly
Reduce the cost of pulling up.
Doesn't it smell good for about 8 yuan in cost?
After operating like this, the price rises and falls every day, with the overall trend being upwards.
Rise, rise to 15, then jump to 20.
This dish is on fire. It used to be able to rise from 10 yuan to 20 yuan.
The heat is up, and more people are paying attention, and then the plate is eaten.
Like what, it's rising, slowly reaching 30, many people are waiting
Can't stop, heard it's going to rise, hurry up and buy some, it's really profitable. It quickly reached 40, and the market expects it to reach 80.
Rise to 50 analysis said this batch of plates contains many trace elements
Vegetables are beneficial for both men and women, and it will rise to 200. Everyone is crazy.
Like buying, this batch is being sold like crazy by the rich.
The cost rose from 8 to 50, and with the addition of the increase, a total of 900 was purchased.
There are 1 million plates, and now there are already 450 million, too many people buying.
Long, still rising, selling while rising, selling 7 million, profit
Nearly 400 million.
Wait for the market sentiment to calm down and the price to drop slightly, this is the time for these people
Start selling the remaining, sell all the way to 30 then buy again and sell
Buy again at 20, then sell at 10, that's 2 million plates.
It only takes 5 million to achieve without much cost.
Then continue to Whipsaw and collect chips for a new round of harvesting.
Of course, there are many whipsaw operations by market makers. For example, rise limit whipsaw.
Plate, circuit breaker whipsaw, rally whipsaw, many many, but
Just remember, don't discard the bottom chips casually,
How to determine the bottom range, as mentioned in previous Q&A.
I will continue to talk later.
Market makers have high funding costs, and most of them use leverage.
So the longer the whipsaw, the higher the time cost, so it will push the price
The higher the grid is done.
Through chip concentration, turnover rate, volume stack, and chip
Cost of code, go see the market maker's approximate cost, they must be not
Willing to spend time to lose money, follow their suppression, eat
goods, the rhythm of washing chips, do high throwing and low sucking and waiting to pull up
Okay.
The concentrated area of bottom chips is basically the cost zone for market makers.
Domain.
Turnover Rate increases, turnover exceeds 200% for a period of time
It is the cost range of market makers.
The average price stacked by trading volume is basically the market maker.
Cost position.
When the order book suddenly sees large sell orders, it usually indicates the market maker's cost position.
The more pressure, the more it will rise.
Please refer to the trend comparison and the indicators I mentioned by yourself.
Will it be easier to judge the market maker's whipsaw in the future?
Law.
What are you afraid of as long as your cost is lower than the market maker's cost?
Wash out? Will it soar after selling? Not at all.
The purpose of the dealer's whipsaw:
The market maker is about to start whipsawing. I need to hold onto the chips, I need to add more.
Position, never get out of positions.
Whenever stocks fall, there are always some people who subjectively believe
Just whipsawing, thinking that the dealer will massively on the decline
Grabbing chips.
In fact, the dealer must grab chips through pulling up.
When the market is in a whipsaw pattern, constantly pushing down, it must be
More retail investors enter the market.
In theory, the dealer cannot effectively obtain chips during the process of whipsawing.
It can only be used for chip exchange.
Because Whipsaw itself is directed by the dealer, and the director is washing
The disk must be heavily sold off to scare off the scattered households.
So there's no need for the dealer to go to great lengths to wash the chips if they can't get chips.
What is the purpose of the disk.
In fact, the dealer's goal is very simple, just 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 stock price is now 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 goes up from 8 to 10, then falls back to 8, and goes up again to 10.
Accumulation in volatility.
For example, pressing down from 8 to 6, pulling back to 8, and then pressing down to 6
Block, pull it to 10 blocks, interval accumulation.
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, the cost may be close to 10 yuan, the stock price
10 yuan, if there is a systemic risk, the stock price will experience a big dump, dealer
There may be no way out for the family.
And for the second and third methods, the dealer's cost may only be 8.
About , give yourself a sufficient security cushion.
So, the dealer will definitely do it when absorbing chips.
Whipsaw, wash away the floating chips that want to be sold, and load them into
In your own pocket.
For whipsaw, the dealer also has a second purpose, which is to ease
Selling pressure during the rally.
This is actually to reduce the operation cost of the dealer
Ben, in essence, is similar to the low-priced collection of chips
Multifaceted.
During the pump, there will always be people following the trend and funds leaving.
If the funds fleeing are more than the funds following, it will generate
Selling pressure, and selling pressure requires the dealer to spend real money
Silver, eat it, otherwise the pump will be obstructed.
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.
Emotion.
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, and on the other hand, it is also to attract speculative buying.
There are differences between the follow-up disk here and the follow-up disk in the traditional sense.
Those who can enter the market during the downward whipsaw process, all
I am bullish on this stock.
For example, the dealer raises the stock price from 10 yuan to 15 yuan, and...
After the whipsaw 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,
The profit from chips is 100%, but now it is only 30-40%, selling
The pressure is definitely different.
When the stock price rises to 15, 16, 17 yuan, sell it.
The number of people will decrease relatively, and the buy-in follow-up plate will have the opposite effect.
Can gain an advantage.
In this case, the dealer has left himself room to operate.
If handled properly, it is also possible to achieve simultaneous pulling and withdrawal.
It can be done completely.
Whipsaw is a well-exchanged chip, it can be said that the dealer is good
The basics of operating a stock.
The result of directly pushing up stocks
Most people haven't thought about what it would be like if there were rallies every day.
Stocks, what will be the result of a pump.
First, it is becoming increasingly difficult to collect chips.
People always have a mentality of being reluctant to sell, and they are most likely to throw away their chips.
Time, actually not during the pump, but just starting
During the time of waiting, when there is a sharp decline within the session, and after a clear top is formed.
The latter two are both situations where a dump is necessary, only the first
is an upward pump situation.
That is, after the initial pump, if it floats profitably all the way, it will be funded.
The code will be slowly cherished for sale.
Chips are sold sparingly, not locked up for sale, eventually
Rushing out, the consequences are unimaginable.
Second, unable to dump at high levels.
The dealer cannot always drive up the stock price, there will always be times to rest
Wait, or in other words, there must always be a dump.
When the stock price oscillates at relatively high levels, those who have never reduced
In the hands of retail investors in the warehouse, large quantities of chips will rush out.
For the dealer, it is impossible to hold the chips during the pump.
The price is getting higher and higher, once it stops pumping, it hasn't come yet
And selling, a large number of retail chips will instead be thrown out first.
Come.
In this case, the dealer doesn't even have a chance to dump.
And continue to dumb buying at high positions to ensure that the stock price does not collapse
Collapse.
Thirdly, there are fewer and fewer followers.
Many people may be different, because in cognition, the stock price is
The more it rises, the more people follow the trend.
Actually, it's not like that.
Retail investors are not fools. When the stock price rises, it is definitely following the trend.
It's getting less and less.
Unless individual stocks break out some substantial positive news, otherwise high
There are not many dumb buying retail investors.
The reason we see some stocks keep rising is because
To have all the chips concentrated in one's own hands, one has to do so unwillingly.
The dealer only keeps pushing up the stock price to relatively higher levels.
Reduce holdings to maximize cash out.
And the higher the price, the deeper the fall, and the funds for margin replenishment come in.
You can also cash out and leave.
And smart dealer doesn't need to do such a thing all the time.
Maintain liquidity, continuously suppress whipsaw, and then rise again,制
Create real profit effect to attract follow-up funds.
They always make new capital feel that the stock price has just started
There is still a lot of room for movement.
It can be said that the direct continuous rise is a game of hot money relay
Law, light position, fast speed.
For dealers who are keen on controlling the market trend, chips are very important.
Words, such an operation is not practical.
The process of chip exchange
It is said that whipsaw is the process of exchanging chips, so let's explain it in detail.
During the process of Whipsaw, how are the chips exchanged?
First of all, whipsaw is inevitable, and it is the dealer's selling that triggers it.
The decline in 导.
The dealer sold a large amount of chips, and retail investors panicked and flocked together.
And out, some of these chips are taken away by the market makers, and the other part
Some of the positions were taken by other retail investors for margin replenishment or increasing the position.
So, the first step is to take the chips out of the panic retail investors’ hands.
In the process, it was transferred to the hands of firm holders.
Then attract margin replenishment retail investors through slight upward movement and sell.
After the dealer completes the whipsaw, it usually pumps up with a small bullish candle.
Mostly plate, giving a lot of margin replenishment chips, some insignificant
Li, hope they hand over the chips.
When the margin replenishment chips can be exchanged, the next round will begin.
Pull up.
That is to say, even the retail investors who are optimistic about it, 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, the funds understand that everything is a whipsaw, and there will be a large influx
The field, assisting the dealer in pushing up the stock price.
Review the entire Whipsaw process, whether it's V-shaped or arc
In the shape, 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 group
Firmly bullish, washing away a batch of panic short positions.
Chips go from the dealer to the retail investors, and then back to the dealer again.
In hand, that's how a process goes.
After completing this process, the market maker's cost has not changed at all
The cost of institutional investors has decreased, while the cost of retail investors has actually increased, this is
The meaning of Whipsaw, also the essence of Whipsaw.
The dealer's whipsaw is definitely not for dumping or for high positions.
Taking chips again, just to make an exchange to satisfy oneself
Enough operating space.
Retail investors will definitely encounter a problem, which is how to distinguish
Is it a whipsaw or are the market makers blatantly dumping?
Here we need to understand a core point, which is the result of whipsaw.
Continuing to rise is the core of dumping all the way down.
This is a big logic for funds and also determines Whipsaw and
The biggest difference in dump.
But in terms of action, the funds are all selling chips.
But dumping is just about clearing the chips at the highest possible level.
Whipsaw is as much as possible by creating panic during the Whipsaw process
Sell high and buy low.
Under this logic of capital, we mainly observe two
Point.
1. The continuity of turnover rate.
Market maker dumping is basically a one-sided behavior, except
Unless absolutely necessary, the stock price has a tendency to collapse, leading to its own
Unable to withdraw smoothly, otherwise I will not go long again.
But the whipsaw is completely different. The whipsaw is the act of selling first and then buying.
In the process of whipsaw, market makers are willing to
Absorb those panic chips.
So, you will find a more obvious sign, that is
The trading volume of dumps will become smaller and smaller because of the low price.
As the chips are dumped, the willingness to dump them 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 continuity of turnover rate is the biggest mark 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 inferred that it is a dump rather than a whipsaw.
At this time, the main funds have basically cleared the chips and only left
Retail investors are still waiting anxiously.
2. The directionality of the trend line.
Whipsaw and dump are also very obvious, it depends on the trend
Directionality of the line.
The directionality of the so-called trend line refers to the market trend all the way
Come on, can the relying moving average continue to go up?
The moving average can be understood as the average price and is the operation of the market maker's funds.
This line.
When the main funds still want to operate a stock, moving averages
It will gradually rise and the stock price will move along the moving average.
Direction.
When the main funds are planning to withdraw, they will not be
Consider the relationship between stock price and moving averages.
The stock price is below the moving average, and the moving average will gradually open up.
First turn around and go 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 the effectiveness is non
Chang Gao.
Although, sometimes the main funds may operate below the moving average.
However, it will return above the moving average in the short term.
Will not change the operation trend of the moving average.
The market maker leaves behind clues and traces, but it is not intentional, just in a state of
The future market must be operated in this way, and eventually remain
Just some traces of operation below.
Talk about the situation of market maker funds behind different forms of whipsaw,
And the deeper meaning of Whipsaw.
After all, different levels of whipsaw have different intentions for 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, there is a Whipsaw in the market.
Drop sharply, then rebound