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Now quite dangerous to get in. I put strict stop loss. Profit Up a little only.
Scare wait a little bad news it drop like a stone.
U all better be careful. Stop loss pls.
(This post was last modified: 08-10-2024, 12:45 AM by
victortan.)
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We can't discount the possibility of stock prices going to their daily limits today, given that many punters, flushed with funds, are returning to the stock market with a vengeance. New additions to the expected buying frenzy include investors who opened new accounts at brokerages, all of which opened around the clock during the Golden Week holiday to cater to new entrants in their multitudes. But they'll have to watch the market action on the sidelines today while their applications are being processed in a day. Tomorrow they're expected to rush into stocks like lemmings.
The Shanghai Stock Exchange revamped its operating system during the weeklong holiday as it hopes to prevent a recurrence of last week's technical glitch that caused a shutdown for a day. Meanwhile, investors are advised to download another trading app in case of increased network traffic that can cause slower response times.
That just goes to show that the bulls are straining at the leash, and they'll outnumber the bears in a market that had been in the doldrums for months on end. Even though stock prices shot up exponentially just before the holiday, there's room for further price spikes. Lots of stock prices are trading below their 3-year and 5-year averages. Still, I think it's imprudent to chase stock prices. A better bet is to wait for the correction and buy in a dip in prices.
(This post was last modified: 08-10-2024, 01:44 AM by
S I M T A N.)
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(04-10-2024, 10:30 PM)sgbuffett Wrote: The slight selloff in US trading of HSI and HS Tech Chinese tech prove that US traders are clueless about what will happen next Tuesday.
What will happen next Tuesday? The Southbound stock connect will be turned on and .millions of China traders get their first chance to buy after 1 week holiday.. Based on what we know ...it will be a big surge of buying.
I will buy more ... as much as I can tonight.....go LONG !
On Friday evening I added as much as I can using my CFD. The leverage is 1 to 5. So it is a serious sizable trade.
.
8 Oct has arrived. I believe all the pro traders are in already to ride this BIG SURGE.
Congrats to all who took the opportunity decisively
My journey here began by shorting the HSI as it fell to the bottom then switch to go LONG after making profits going SHORT.
Those who say I am anti China etc plse watch you own bias. I am.here ro make money trading so I have to assess each piece of data and news objectively. If China economy perform poorly I will say it as it is. If it recovers then they are improving.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(This post was last modified: 08-10-2024, 05:23 AM by
sgbuffett.)
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If all bullish we better be on the guard...
fund may sell to retailor...we will see in a few hour time..i m selling immediately when mkt open.