$CSI China Internet ETF(KWEB)$ Position Update: Locking in Profits
I've been scaling out of my KWEB positions, taking profits daily, as the Chinese market rally has been exceptionally vigorous. The pace of this uptrend has exceeded expectations, and I'm opting to rebalance my portfolio.
While the momentum remains bullish, I'm strategically waiting for a corrective pullback (a red day) to re-enter and replenish my positions.
Market sentiment remains optimistic, driven by China's stimulus measures, but I remain vigilant for signs of exhaustion or profit-taking.
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Comments
I am planning to buy in the next correction as I am a bit short of cash now. So jealous with ya đđđđ
but with options strategy, you can risk manage it