$Direxion Daily FTSE China Bea-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Direxion Daily FTSE China Bear 3X Shares(YANG)$ New kid on the block... I bought this, then sold the same day for a small loss... As a test... After studying its chart, I realised a very likely reversal pattern might be forming. When I decide to go back into taking a position, there are a couple of things that go into my decision. They might not be the same for anyone, but if you are in similar situation, you could consider taking a small position. Allow my quick sharing herein:

1) I knew there's a meeting on Saturday and likelihood of more stimulus package from Chinese government is 50:50.

2) I have a substantial individual Chinese holdings.

3) YANG, opposite to YINN, is a 3x leverage but in the 🐻 or down direction.

4) Various secondary chart trends for YANG appears to reverse, i.e. turning upwards.

I decide to take a position as a hedge against all my other Chinese interests, just in case the Chinese government announcement is not favourable. As far as market is concerned, the sentiments towards Chinese stocks are bad, so it takes quite a lot from the Chinese government to keep the market bullish. Therefore my decision to hedge...

Share your positions with us! This is a column where you can find the winning trades of our fellow tigers. There probably are a few potential opportunities that you may have overlooked.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

29

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":359905350652104,"tweetId":"359905350652104","gmtCreate":1728875421525,"gmtModify":1728890434462,"author":{"id":4109324284357180,"idStr":"4109324284357180","authorId":4109324284357180,"authorIdStr":"4109324284357180","name":"Ah_Meng","avatar":"https://community-static.tradeup.com/news/d97e00479f1ee9e647c7a76f8e8f4251","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.27","individualDisplayEnabled":0},"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.12.21","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"}}],"fanSize":528,"starInvestorFlag":false},"themes":[{"themeId":"7516f9ef7e8042739b8597466da26fe7","categoryId":"7cf744760f454845a1870a05ea4e151d","name":"Winning Trades","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":7516f9ef7e8042739b8597466da26fe7}&rnconfig={\"headerBarHidden\": true}","description":"Share your positions with us! This is a column where you can find the winning trades of our fellow tigers. There probably are a few potential opportunities that you may have overlooked.","image":"https://community-static.tradeup.com/news/14c89d9656aedb9a4698e7996c575947"}],"images":[{"img":"https://community-static.tradeup.com/news/553976e0fcf93e0c50fc13d90e1cf1a9","width":"898","height":"1530"},{"img":"https://community-static.tradeup.com/news/17e0780b02890e5cf18cfaf11b50f14e","width":"2460","height":"1080"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/553976e0fcf93e0c50fc13d90e1cf1a9","width":"898","height":"1530"}],"html":"<html><head></head><body><p><a href=\"https://ttm.financial/S/YANG\">$Direxion Daily FTSE China Bear 3X Shares(YANG)$ </a> New kid on the block... I bought this, then sold the same day for a small loss... As a test... After studying its chart, I realised a very likely reversal pattern might be forming. When I decide to go back into taking a position, there are a couple of things that go into my decision. They might not be the same for anyone, but if you are in similar situation, you could consider taking a small position. Allow my quick sharing herein:</p>\n<p>1)&nbsp;I knew there's a meeting on Saturday and likelihood of more stimulus package from Chinese government is 50:50.</p>\n<p>2) I have a substantial individual Chinese holdings.</p>\n<p>3) YANG, opposite to YINN, is a 3x leverage but in the 🐻 or down direction.</p>\n<p>4) Various secondary chart trends for YANG appears to reverse, i.e. turning upwards.</p>\n<p>I decide to take a position as a hedge against all my other Chinese interests, just in case the Chinese government announcement is not favourable. As far as market is concerned, the sentiments towards Chinese stocks are bad, so it takes quite a lot from the Chinese government to keep the market bullish. Therefore my decision to hedge...</p>\n<img src=\"https://community-static.tradeup.com/news/553976e0fcf93e0c50fc13d90e1cf1a9\" tg-width=\"898\" tg-height=\"1530\">\n<img src=\"https://community-static.tradeup.com/news/17e0780b02890e5cf18cfaf11b50f14e\" tg-width=\"2460\" tg-height=\"1080\"></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/YANG\">$Direxion Daily FTSE China Bear 3X Shares(YANG)$ </a> New kid on the block... I bought this, then sold the same day for a small loss... As a test... After studying its chart, I realised a very likely reversal pattern might be forming. When I decide to go back into taking a position, there are a couple of things that go into my decision. They might not be the same for anyone, but if you are in similar situation, you could consider taking a small position. Allow my quick sharing herein:</p>\n<p>1)&nbsp;I knew there's a meeting on Saturday and likelihood of more stimulus package from Chinese government is 50:50.</p>\n<p>2) I have a substantial individual Chinese holdings.</p>\n<p>3) YANG, opposite to YINN, is a 3x leverage but in the 🐻 or down direction.</p>\n<p>4) Various secondary chart trends for YANG appears to reverse, i.e. turning upwards.</p>\n<p>I decide to take a position as a hedge against all my other Chinese interests, just in case the Chinese government announcement is not favourable. As far as market is concerned, the sentiments towards Chinese stocks are bad, so it takes quite a lot from the Chinese government to keep the market bullish. Therefore my decision to hedge...</p>\n<img src=\"https://community-static.tradeup.com/news/553976e0fcf93e0c50fc13d90e1cf1a9\" tg-width=\"898\" tg-height=\"1530\">\n<img src=\"https://community-static.tradeup.com/news/17e0780b02890e5cf18cfaf11b50f14e\" tg-width=\"2460\" tg-height=\"1080\"></body></html>","text":"$Direxion Daily FTSE China Bear 3X Shares(YANG)$ New kid on the block... I bought this, then sold the same day for a small loss... As a test... After studying its chart, I realised a very likely reversal pattern might be forming. When I decide to go back into taking a position, there are a couple of things that go into my decision. They might not be the same for anyone, but if you are in similar situation, you could consider taking a small position. Allow my quick sharing herein: 1) I knew there's a meeting on Saturday and likelihood of more stimulus package from Chinese government is 50:50. 2) I have a substantial individual Chinese holdings. 3) YANG, opposite to YINN, is a 3x leverage but in the 🐻 or down direction. 4) Various secondary chart trends for YANG appears to reverse, i.e. turning upwards. I decide to take a position as a hedge against all my other Chinese interests, just in case the Chinese government announcement is not favourable. As far as market is concerned, the sentiments towards Chinese stocks are bad, so it takes quite a lot from the Chinese government to keep the market bullish. Therefore my decision to hedge...","highlighted":1,"essential":1,"paper":1,"likeSize":29,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/359905350652104","repostId":0,"isVote":1,"tweetType":1,"viewCount":746,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["YANG"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":["晒单贴"],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":950,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/359905350652104"}