New Events are Unpredictable

This morning, China held a property press briefing, but no new policies were announced to address the struggling property sector. However, the People’s Bank of China is increasing funding to support state buybacks of unsold homes. The market remains cautiously optimistic as the government shifts focus toward demand stimulation. As a result, both the HSI and SSE saw gains during the briefing, but they eventually traded down by the close of the session.

I didn’t take any trades today as my portfolio is fully allocated.

Lesson: Once again, I’m reminded not to FOMO into trades, as this often leads to entering positions without proper structure. News events are unpredictable, offering a 50-50 chance of being right or wrong. Therefore, it's best to rely on technical analysis, especially when stocks have solid fundamentals if I’m bullish.