Good morning traders,
Ending the week with China ETF below 200 MA. Entered short position while price keeps below the line. Open target and I will update situation as it goes.
From fundamental perspective, narrative of Strait of Hormuz open or close doesn't change the equation. There's a structural damage on Oil infrastructure and we should expect Oil at high prices for longer. I expect China exports to be hurt.
This position is part of a diversified portfolio which you can follow and/or invest. More details at my signature
My 6 Core Trading Rules
1. Never Add to a Losing Position: Avoid averaging down, as this increases risk on a losing trade.
2. Don't Try to Pick Tops and Bottoms: Do not try to enter at the exact high or exit at the exact low. Follow confirmation rather than ego.
3. Think Like a Fundamentalist, Trade Like a Technician: Use fundamental analysis for market context, but rely on technical analysis for execution.
4. Keep Analysis Simple: Avoid overcomplicating chart analysis with too many indicators.
5. Scale Into Winning Positions: Start small and increase exposure only when the trend confirms your analysis.
6. The Hard Trade is Usually the Right Trade: Trades that feel uncomfortable or go against immediate impulse are often the correct ones.
Ending the week with China ETF below 200 MA. Entered short position while price keeps below the line. Open target and I will update situation as it goes.
From fundamental perspective, narrative of Strait of Hormuz open or close doesn't change the equation. There's a structural damage on Oil infrastructure and we should expect Oil at high prices for longer. I expect China exports to be hurt.
This position is part of a diversified portfolio which you can follow and/or invest. More details at my signature
My 6 Core Trading Rules
1. Never Add to a Losing Position: Avoid averaging down, as this increases risk on a losing trade.
2. Don't Try to Pick Tops and Bottoms: Do not try to enter at the exact high or exit at the exact low. Follow confirmation rather than ego.
3. Think Like a Fundamentalist, Trade Like a Technician: Use fundamental analysis for market context, but rely on technical analysis for execution.
4. Keep Analysis Simple: Avoid overcomplicating chart analysis with too many indicators.
5. Scale Into Winning Positions: Start small and increase exposure only when the trend confirms your analysis.
6. The Hard Trade is Usually the Right Trade: Trades that feel uncomfortable or go against immediate impulse are often the correct ones.
노트
Still short on China
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.