Hang Seng Index Lowest Drop 14% 🚨🚨 YINN - Hit Limit Down Circuit Breaker😶🌫️ What to do? Today 大时代？
What a day… $Hang Seng TECH Index (800700.HK)$ dropped 14% in just one hour after the opening bell…Index one day drop 14%🤣🤣 I believe that’s due to everyone is expecting China Index like $Shenzhen Component Index (399001.SZ)$ and other China index to take off and yeah, it did at the beginning and slowly going down and made people feel like the buyer power is not as strong as it used to be and then $Hang Seng Index (800000.HK)$ and a lot of other Chinese Stocks have been rising drastically while China Market was closed which already priced in the rise expectation of market reopen in the China Market so many people started to take profits from the Hong Kong Market🚨🚨🚨 which caused a drastic drop in the Hong Kong Market and of course $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ which hit the Limit Down Circuit Breaker during overnight market🤕
I am still holding some portion of $Alibaba (BABA.US)$ and $JD.com (JD.US)$ which is still sitting with some profits and yes I may cut today if Hang Seng Index close at the lowest or close above 8% drop🤕
However, if Hang Seng Index could run a deep V…like let’s say.. from -14% to only -4% drop at the end…I may continue to hold and see how it goes during the US market🫠
P/S: Below picture is just a meme🤣 I thought We are gonna meet on 24/10…but didn’t thought it may be today 08/10🤣🤣
By the way, I only used like 5% of my portfolio to gamble on Chinese Stock ya🧐
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TechSavy : NIO and LI are both down. I sure hope the China market tanks, I've been holding YANG the last 3 days and each day gets worse
李白的李 : Too crazy, can't stand it even without leverage.
Anthony 27 OP TechSavy : Got bless you
Anthony 27 OP 李白的李 : Ya BUT i think it depends on how much money you have allocated for Chinese stock..if all in, then of course u suffer
TechSavy Anthony 27 OP : 20% that's enought to make me suffer and ask WTF am I doing, LOL
Cui Nyonya Kueh : @soyabean89![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
TechSavy : I need YANG to spike back over $3 just to get even. if YINN pops in the morning I am selling YANG and buying YINN. I am on the wrong side of this trade bad. I bought end of last week during profit taking and it went right back up. how long will the BULL China run last? weeks, months?
Radioactive Sashimi : You are correct, sizing matters.
Moon fairy 大炮仙 ❤ :
TechSavy : I just looked, I'm in YANG at $2.96
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