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.
บันทึก
Still short on China
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน