Dear readers, recently I made a quick trade on a stock. A stock which is linked to Hong Kong. And I made the purchase shortly after Hong Kong leader Carrie Lam retracted the proposed extradition deal. I know the sentiment will be bullish for at least a while and hence I bought a counter with business in Hong Kong and China which is listed on the US stocks markets.
After making my purchase, I sold off the counter the next day and made some decent profits. I sold off the counter as I know that Carrie Lam’s retraction could only make the stocks markets linked to Hong Kong up on just a knee-jerk reaction. After I sold off the stock, the stock price went south indeed.
I would not encourage fellow investors to do what I do. For it really takes some experience to be proficient and to know when to enter and exit to do a really fast trade.
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