20-10-2023, 10:14 AM
(20-10-2023, 09:40 AM)sgbuffett Wrote: I have closed off all my short positions this morning.
I spoke to an experience trader and he said China ja likely tk announce stimulus this weekend based on the schedule of meetings of party officials and economic committes assigned by the China govt.
The size of stimulus may not be massive but sufficient to hit growth targets.
Also the forex market USD retreated vs Yuan.
Despite sharp fall Dow and nasdaq China markets will go up not down...contrary to what average traders thinking.
Btw yr prata views contradicted yr previous views. U always say the stimulus is not enough cannot solve its deep problem. Then now just because of a not so massive stimulus u close shorts. This showed yr previous views are not solid and now just because a ‘experienced trader’ tell u so and u chicken out.