Hanshenggg wrote a post · Sep 26 07:43

Day 1: Strategy - China china china

Using this space to share my method to the madness ✨ Comment below!

📈 Stocks picked: $PDD Holdings (PDD.US)$ $Alibaba (BABA.US)$ $NIO Inc (NIO.US)$

🧠 Reasoning: China’s stimulus was an adrenaline shot in the arm 💉 After months of depressed prices, there was bound to be a market reaction / hedgefund shorters closing positions 👋🏻

However, I theorized the run wouldn’t last, given limited global confidence + general bearish environment in China 🇨🇳 Hence, opted to place a conversative sell call at +2% from entry (and successfully sold out all 3 positions) 🏃🏃💨💨

Execution: 😪 terrible, as I went in at the absolute worst time. At one point I was down -4% and dead bottom in the pack. Lucky macros recovered & carried me 🕊️

Outcome: 1st position after Day 1! 🍾