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Mainly, the US stock market often experiences false breakouts, which is why chasing gains is extremely difficult. Many times, it looks like the market is breaking upwards and about to continue rising, but in essence, it's just a bull trap created by quantitative funds, which push the price up a bit and then quickly slam it back down. This kind of false breakout is the biggest trap when chasing gains. If you buy too early, your entry point will be too high. Even if the price hits a support level at that time, the bottom level is still insufficient, and the market will continue to drop afterward, directly falling to negative 4 or negative 4.6. Previously, it only dropped to negative 3, which can only be considered a small-level low. In trading, the level is the foundation. If you can't judge the level correctly, it's very difficult to make stable profits and you will only keep losing. You must refine your level recognition to be clearer; this is the key to making money. Based on the rebound theory I summarized: the entry position should reserve at least 50 points of potential rebound space. If the potential rebound is only 20 to 30 points, the market can easily be slammed down instantly, as there isn't enough support. Only when the potential rebound space reaches more than 50 points is there a safe space for entry and exit. If the intraday estimate can only rebound 0.7 to 1 point, this position is a mid-route order, and the price is likely to fall back again once it rebounds to the cost line. When it reaches the cost line and you are reluctant to exit, there lies a huge risk. There were two previous orders where, after the price hit the cost line, it continued to drop another 32 points. If the position size is not controlled well, a 40-point drawdown can lead to a big loss.