Bidu crashed, lol.
After the weekend, Hong Kong stocks completely collapsed. As for my holding stocks...
Say it with me: bi-du!
Not only did it crash, but it also fell more than the market.
How should I put it, no one can predict this kind of black swan event, it cannot be prevented in advance, and it's meaningless to have hindsight. It's not possible to determine whether this trade is right or wrong. The only thing to do is to reevaluate: at this point, should I cut my losses or hold, or even add positions?
My decision is to see the performance of ADR after the opening of the US stock market today. If Bidu falls a lot, it may be because it rose a lot before, so I can take another look. But I won't add positions, I don't have any faith in Big H. The Hang Seng Index barely closed above 18,000, it hasn't gone short yet. Of course, I don't recommend going short either, it would be silly to go short at a critical support level. If it breaks below later, I also don't recommend chasing shorts, chasing shorts after a breakdown is very risky, even if you can make money, it's not worth taking that risk.
On the other hand, the crypto market is booming. $Bitcoin (BTC.CC)$ Just rise directly, the trend has likely already flipped from short to long. The only thing to be careful of is the position of the 20-day moving average. If it can consolidate at the current price or rise, and the 20-day moving average turns upwards, changing from strong resistance to strong support, then that's great.![]()
I don't have a crypto wallet, I only play with ETFs. I currently hold positions. I will treat the weekend changes as pre-market observations. I will observe whether to increase my positions after the market opens today. I previously stopped loss at around 37 for ibit, and according to the theory of buy low sell high, buying it back at the current price is also profitable.
$Advanced Micro Devices (AMD.US)$ Before the market opens, it once again stood at 184. If it surges today and closes above 185, I will continue to look upwards towards 200. If it surges and then falls back or even turns downwards, I plan to see how the large-cap stocks in the chip sector, such as soxx, perform. If they are also weak, I plan to partly take profits. My confidence cannot withstand repeated shocks.
$UnitedHealth (UNH.US)$ The health insurance industry has also benefited from President Trump's bullish sentiment. Since the financial report will be released soon, I won't gamble anymore. After two years of consolidation, if there is a future rise, it won't be just a few percentage points.
I don't plan to do too much with the cni mid-small cap index. I bought a few with a small amount of money, that's it. I don't have any plans to chase after stocks like iwm. In comparison, I have more bullish sentiments towards s&p 493 index (s&p 500 minus the 7 giants). If I take profits or stop loss from other stocks, I will consider buying some rsp_. However, I won't increase my overall stock position. $Invesco Exchange Traded Fd Tr S&P 500 Equal Weight Etf (RSP.US)$ But I won't increase my overall stock position anymore.
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本人散户，闲钱投资，名字为系统生成。这里记录投资感悟与趣事。所有言论都纯属娱乐，不是投资建议。此账号为本人唯一社媒平台。
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JuzDeviouS : Although I don't really understand what you're saying, I still have to praise you for sharing so much information and feedback.
Detached House : China’s growth - 4.7% below mkt expectations
只赚能力内的钱 : It's just unnecessary fear in the market. The trade war has been going on for years. What impact has it had on Baidu? It itself doesn't have any business in the US
高贵的阿德莱德 OP 只赚能力内的钱 : Yes, this time it was a panic sell-off indeed. However, the general domestic environment is not good; Baidu has always been quite a bit of garbage, which is also true. Being able to take the lead in promoting driverless driving on a large scale this time is really impressive. I hope it will be successful. Crouches can't solve China's employment problems. Only promoting scientific and technological progress and speeding up the development of productivity is the key
科技怪猫 : 93 has increased, and tomorrow it will drop and add more. Keep watching the development.