Jia Jin 10X
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Wow! what can i say about Jul 2024! The only down month for the year “hopefully” but yet was the Best month for me!
Worse month because - Up to 10 July we were hitting all time highs and 11 July we saw the turn and it was fast and it was furious! 📉😔 Lost all my profits gain in June and more! Did some hedging using options (Buy puts or Bear put spreads) on $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ and short the $E-mini S&P 500 Futures(SEP4) (ESmain.US)$ ...
Worse month because - Up to 10 July we were hitting all time highs and 11 July we saw the turn and it was fast and it was furious! 📉😔 Lost all my profits gain in June and more! Did some hedging using options (Buy puts or Bear put spreads) on $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ and short the $E-mini S&P 500 Futures(SEP4) (ESmain.US)$ ...
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Jia Jin 10X
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WRITING: @Jungle lee
At the end of July, Malaysian stocks were basically shrouded in an atmosphere of selling pressure, unable to break through 1,638 points, and only hovered between regions. However, market participants believed that looking at the whole month, July was still on an upward trend. As for August's performance, it was influenced by the trend of performance.
Looking back at July's performance, Malaysia's FTSE Composite Index $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$From a low of 1,590 points in June, it returned to the 1,600 point level, and even reached 1638.29 points during this period.
However, matters such as the shooting of US presidential candidate Trump, remarks about raising China's tariffs, and a major breakdown of the global system followed, which dragged down investment sentiment and arbitrarily sold off. Thankfully, it still remained at the 1,610 point mark.
None of the Asian stocks were spared. Also, trading sentiment was influenced by peripheral factors. The performance had mixed ups and downs since July. The biggest fluctuation was the Singapore Straits Times Index, while the one with the deeper decline was the Taiwan Weighted Index.
Regarding the performance of Malaysian stocks in July, Huang Deming, CEO of Areca Capital, accepted “Nanyang Siang Pao” At the time, it was stated that according to the trend of fluctuating ups and downs, it is clear that investors are choosing to exit arbitrage one after another in order to avoid risk.
He said that this is one of the strategies, because any trend will trigger investors' sensitive nerves, so the arbitrage position is quite normal, but looking at the whole, the composite index is still on an upward trend. This is still relatively...
At the end of July, Malaysian stocks were basically shrouded in an atmosphere of selling pressure, unable to break through 1,638 points, and only hovered between regions. However, market participants believed that looking at the whole month, July was still on an upward trend. As for August's performance, it was influenced by the trend of performance.
Looking back at July's performance, Malaysia's FTSE Composite Index $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$From a low of 1,590 points in June, it returned to the 1,600 point level, and even reached 1638.29 points during this period.
However, matters such as the shooting of US presidential candidate Trump, remarks about raising China's tariffs, and a major breakdown of the global system followed, which dragged down investment sentiment and arbitrarily sold off. Thankfully, it still remained at the 1,610 point mark.
None of the Asian stocks were spared. Also, trading sentiment was influenced by peripheral factors. The performance had mixed ups and downs since July. The biggest fluctuation was the Singapore Straits Times Index, while the one with the deeper decline was the Taiwan Weighted Index.
Regarding the performance of Malaysian stocks in July, Huang Deming, CEO of Areca Capital, accepted “Nanyang Siang Pao” At the time, it was stated that according to the trend of fluctuating ups and downs, it is clear that investors are choosing to exit arbitrage one after another in order to avoid risk.
He said that this is one of the strategies, because any trend will trigger investors' sensitive nerves, so the arbitrage position is quite normal, but looking at the whole, the composite index is still on an upward trend. This is still relatively...
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Jia Jin 10X
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Just a heads-up:
Q2 Earnings Challenge is in full swing! With so many big earnings set to release this week, what's your or other mooers' take? Now join the challenge, leverage moomoo's handy features to support your views on these stocks and earn plenty of rewards! Don't miss the chance to win big>>
Need a quick update on this week's events? Check out moomoo's fresh earnings & economic calendars to start this week!