$PDD Holdings (PDD.US)$$Alibaba (BABA.US)$$TENCENT (00700.HK...
$PDD Holdings (PDD.US)$ $Alibaba (BABA.US)$ $TENCENT (00700.HK)$ who panic sold ?
just buy $Direxion Daily FTSE China Bear 3X Shares ETF (YANG.US)$ to hedge yourself from downside so you dont need to sell.
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wafflewolfeh : Think it’s quite bad… from the consensus of my Chinese friends. This is the last attempt to boost China economy before they’re headed for the ‘lost decade’. I’ve asked about 5-6 Chinese PhD nationals they all mentioned that they see this as a last attempt and likely will fail. I’m out.
liquidityHunter OP wafflewolfeh : you can be a bull and a bear with this strategy & you can close either side when you think the move is going to reverse
wafflewolfeh liquidityHunter OP : Doesn’t really make sense, if you have one portfolio that gains and one that loses. If it evens out to 0% I might as well not invest
liquidityHunter OP wafflewolfeh : i mean this is called hedging. if you are unsure where it goes in the short term, you can use hedge to exploit the volatility. as long as long term you are confident whether bullish or bearish
102566976 wafflewolfeh : but it does make sense if you're expecting volatility. all those positive and negative numbers you're seeing are just paper values anyway. that said, you gotta to be good at reading the market and time your exit though
wafflewolfeh 102566976 : If you see the volume exiting hk stock exchange… seems like a definitive drop. Comparing to 2018 and 2021 levels, yesterday’s pull back is really massive 640b in volume, and today it’s 400b. 2 of the highest pull back in these 2 days…
EZ_money : sound advice