Q3 Trading: This is my story
This was a wild Q3, with lots of news around the world affecting the global markets. The Evergrande crisis, updates from the Fed about inflation and tapering, crypto shutdowns and more! Inevitably, our portfolios are all going to be affected somehow. Not to mention that September is, historically, the worst month for the stock market.
My positions in Chinese stocks have all taken a hit, mainly $NIO Inc(NIO.US$ , $UP Fintech(TIGR.US$ , $Futu Holdings Ltd(FUTU.US$, $KE Holdings(BEKE.US$ and $Alibaba(BABA.US$ . I am choosing to hold because I believe in these companies' financials and prospects. Hopefully I am right. I have opted to sell puts during this period of volatility for these stocks.
My safer positions, like $Apple(AAPL.US$ , $Tesla(TSLA.US$ and $SPDR S&P 500 ETF(SPY.US$ have been doing decently, and I plan to add more on dips as I usually do.
My riskier plays like $Luokung Technology(LKCO.US$ have gone to dust as of now (thankfully I sold at the huge bounce at $1.80, may go back in at $1). During such market climate, I think I'll stay away from the riskier stocks at the moment.
Overall, Q3 could've gone worse! But it definitely wasn't anything to celebrate about. Let's hope that things will look brighter as we move into Q4!![]()
My positions in Chinese stocks have all taken a hit, mainly $NIO Inc(NIO.US$ , $UP Fintech(TIGR.US$ , $Futu Holdings Ltd(FUTU.US$, $KE Holdings(BEKE.US$ and $Alibaba(BABA.US$ . I am choosing to hold because I believe in these companies' financials and prospects. Hopefully I am right. I have opted to sell puts during this period of volatility for these stocks.
My safer positions, like $Apple(AAPL.US$ , $Tesla(TSLA.US$ and $SPDR S&P 500 ETF(SPY.US$ have been doing decently, and I plan to add more on dips as I usually do.
My riskier plays like $Luokung Technology(LKCO.US$ have gone to dust as of now (thankfully I sold at the huge bounce at $1.80, may go back in at $1). During such market climate, I think I'll stay away from the riskier stocks at the moment.
Overall, Q3 could've gone worse! But it definitely wasn't anything to celebrate about. Let's hope that things will look brighter as we move into Q4!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Silverbat : Global inflation is followed by contraction, time to raise cash or hedge. Many tech lead stocks are still extremely overpriced
ATS A trade sniper : u buy so many coy, hohoho
Huanyue : Good to know your story
Huat Rock3t Moon : to the moon today.
alaricOP Huat Rock3t Moon: Let's hope!
alaricOP Huanyue: Thank you!
alaricOP ATS A trade sniper: Yes hahah
alaricOP Silverbat: Agreed, that's why I have lots of cash on hand to prepare for the big correction!
ATS A trade sniper alaricOP: u must have vested alot of cash into each of them
alaricOP ATS A trade sniper: Yes I have
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