(19-10-2024, 10:24 AM)sgbuffett Wrote:  To put thjngs in perspective HSI close the week 400+pts down and is red for the week.

People are fickle and cheering because of the Friday jump when China govt announced support for the market. But looking at how much market sank for the week.



Think  what happened after th Chuna govt promise to prop up the market in April 2024.
The market prop up peak in May and  lose momentum and sank for 3 months sank until lows of August 2024



Remember and be wary of what can happen.

(19-10-2024, 11:27 AM)teaserteam Wrote:  China has to address the underlying impediments to economic growth.  These are

Weak consumption :Falling retail sale
Real estate crisis : Falling prices
Local government debt : rising debts
Trade tensions : Anti-dumping everywhere
Foreign investment :  Pulling out
Demographic shift :  Population declining
Financial pressure :  Bank reluctant to lend and companies no money to invest

(19-10-2024, 12:46 PM)revealer Wrote:  If China is doing something,  it is still a long way to go. Their retail sales figure has never been normal again after Covid.  Need to put in more effort.

(19-10-2024, 12:29 PM)Blasterlord2 Wrote:  And what makes you think that China is not already doing something? Open up your taobao app and you'll find that the Chinese govt is currently subsidizing purchases.

As for population decline, there's already a drastic change in the mindset of young Chinese so it's not an easy problem to solve. Spore can't solve it either.

(19-10-2024, 01:15 PM)sgbuffett Wrote:  Agree with you China's problems are not easy to solve

(19-10-2024, 01:46 PM)forum456 Wrote:  no need for china problems to be solved to make money.

we make money based on buy low and sell high.
as long as china crashes more than 10% and then rises more than 10%, we can make money by buy low and sell high.
no need to care what will happen to china.

we just care when to buy and then sell.

(19-10-2024, 01:52 PM)pinkpanther Wrote:  Why is he concerned about all the issues if he’s presenting himself as a day trader? He’s not in it for the long haul; he just goes wherever the wind takes him...

(16-10-2024, 06:48 PM)sgbuffett Wrote:  For those who complain I get the market  wrong and all thiat probably don't understand tradkng.

Below are my trading stats.

Out of 500 trades 56% are profitable 
But the profits I make on winning trades is double that of my losing trade.

I definitely dong get the market right all the time but catch most of the big moves to make.



After 1yr plus the HSI is roughly where it is since the thread started.

If you just buy and hold HK stocks  you will not make any money.

(20-10-2024, 01:42 AM)S I M T A N Wrote:  It beats me why sgbuffett is so fixated on China's tales of woe, even on issues unrelated to trading. As a day trader charting trends in the stock market, he is also into fundamentals scrutiny. I believe it's possible for astute chartists to extrapolate future developments from past trends, but if they also fixate on the fundamentals, they're likely to get mixed signals which may lead to confusion.

For this reason, many pure chartists do not intensely  read and follow the economic news filtering through from the Chinese mainland as doing so may interfere with their trading decisions. On the other hand, people who base their trading strategy on the fundamentals are usually long-term investors who, unlike the chartists, do not swear by the charts as a way of second-guessing the market.

I think one should either do technical trading or trade on the fundamentals. Mix the two up with a plethora of information will add to the confusion, with a jack-of-all-trades, master of none rearing his head.

It's extremely difficult to ride the market's short-term waves - the intraday trading, the hit-and-run short bets. You win some, you lose some, as ah but said, but will almost always end up in a deficit. It's just not worth your time, effort, the paltry profits, if any, and the high levels of anxiety that comes with it. So go for the medium or long-term trades if you don't want to meet your waterloo.

(20-10-2024, 01:42 AM)S I M T A N Wrote:  It beats me why sgbuffett is so fixated on China's tales of woe, even on issues unrelated to trading. As a day trader charting trends in the stock market, he is also into fundamentals scrutiny. I believe it's possible for astute chartists to extrapolate future developments from past trends, but if they also fixate on the fundamentals, they're likely to get mixed signals which may lead to confusion.

For this reason, many pure chartists do not intensely  read and follow the economic news filtering through from the Chinese mainland as doing so may interfere with their trading decisions. On the other hand, people who base their trading strategy on the fundamentals are usually long-term investors who, unlike the chartists, do not swear by the charts as a way of second-guessing the market.

I think one should either do technical trading or trade on the fundamentals. Mix the two up with a plethora of information will add to the confusion, with a jack-of-all-trades, master of none rearing his head.

It's extremely difficult to ride the market's short-term waves - the intraday trading, the hit-and-run short bets. You win some, you lose some, as ah but said, but will almost always end up in a deficit. It's just not worth your time, effort, the paltry profits, if any, and the high levels of anxiety that comes with it. So go for the medium or long-term trades if you don't want to meet your waterloo.

(20-10-2024, 11:59 AM)p1acebo Wrote:  Huatey Huatey 

https://www.nextinsight.net/story-archive-mainmenu-60/947-2024/15872-we-believe-a-multi-year-bull-market-has-already-begun-in-september

(20-10-2024, 12:30 PM)Huliwang Wrote:  This is a slow bull which walks upward slowly and will take several  years to peak. Ah Butt mistaken it as an elite or expert bear which walks evasively.     

(20-10-2024, 12:30 PM)Huliwang Wrote:  This is a slow bull which walks upward slowly and will take several  years to peak. Ah Butt mistaken it as an elite or expert bear which walks evasively.     

(20-10-2024, 12:45 PM)sgbuffett Wrote:  There is no such thing as a slow bull on the China market

Its a fantasy that the market slowly go upand people queue up to enter in an orderly fashion. That is total rubbish.

70% of the market us retail and that is not how retail investors behave...if they smell a bull they will rush in until the herd  runs out of money .and cannibalise each other.

That is how they kill each other in previous bull markets

You want to buy you better be fast and just get in and if any signs of trouble coming get out fast.

A complacent "slow" behavior will not make you big money.

Slowing buying jnto this market is a bad strategy. You slowly buy when market rise fast ...you are actually providing exit pokns for those who got un early and when market correct sharply you are left holding the bag and now have to wait for the market to rise back.

The "slow bull" is a stupid concept those who based their investments on it are just misguidef ...it has never happened in China and won't.

You want to get in ...just get in fast and be prepared to cut.

(20-10-2024, 01:26 PM)p1acebo Wrote:  Go up slowly also better to squeeze and stir fry the evil kateks until they cry mother father gao gao 

(20-10-2024, 12:45 PM)sgbuffett Wrote:  There is no such thing as a slow bull on the China market

Its a fantasy that the market slowly go upand people queue up to enter in an orderly fashion. That is total rubbish.

70% of the market us retail and that is not how retail investors behave...if they smell a bull they will rush in until the herd  runs out of money .and cannibalise each other.

That is how they kill each other in previous bull markets

You want to buy you better be fast and just get in and if any signs of trouble coming get out fast.

A complacent "slow" behavior will not make you big money.

Slowing buying jnto this market is a bad strategy. You slowly buy when market rise fast ...you are actually providing exit pokns for those who got un early and when market correct sharply you are left holding the bag and now have to wait for the market to rise back.

The "slow bull" is a stupid concept those who based their investments on it are just misguidef ...it has never happened in China and won't.

You want to get in ...just get in fast and be prepared to cut.

(20-10-2024, 02:14 PM)revealer Wrote:  He is a day trader. Advice from him not always good for shorter or longer term investors. Do yr own due diligent if u r not a day trader.