From China "uninvestable" to social media influencers calling bulls in the HK/China market and there are some followers getting edgy what they should do.
I know what I will do since I am clear with my objectives , time horizon, risk tolerance, capital management, etc.
For my existing holdings, I am selectively averaging down on some of these companies - Tencent, Alibaba, Meituan, Xiaomi,etc. One follower wants to know if he should trade YINN . Note that it is leverage by 3 times , ie if you win you triple your returns and also the losses. Most want to focus on the wins but may not be able to accept the losses when it happens!
Also, if the WINS come too easily, it is easy to get a bloated ego and one can starts to go "all in " in order to win BIG and fast. That itself is dangerous, leading into the path of gambling. For that, I wouldn't be touching this myself and am happy with the FXI ETF which has rally nearly 30% from the bottom.
Please DYODD
I know what I will do since I am clear with my objectives , time horizon, risk tolerance, capital management, etc.
For my existing holdings, I am selectively averaging down on some of these companies - Tencent, Alibaba, Meituan, Xiaomi,etc. One follower wants to know if he should trade YINN . Note that it is leverage by 3 times , ie if you win you triple your returns and also the losses. Most want to focus on the wins but may not be able to accept the losses when it happens!
Also, if the WINS come too easily, it is easy to get a bloated ego and one can starts to go "all in " in order to win BIG and fast. That itself is dangerous, leading into the path of gambling. For that, I wouldn't be touching this myself and am happy with the FXI ETF which has rally nearly 30% from the bottom.
Please DYODD