With the ever increasing temperature of the China Stock Market, are you aware of the pitfall or the potential bargain?
Read on the following article for more detail. Just take note, never ever place all in one shot, instead timed and break it up into 3 entry which applied for both taking up position and profit taking.
http://www.bloomberg.com/news/articles/2015-05-31/china-stock-rout-grips-market-with-deja-vu-of-5-30-catastrophe
The rout wiped out about $350 billion of market value in a week on the Shanghai and Shenzhen exchanges. It so traumatized traders that eight years later they still refer to the decline by the date it began: the 5/30 catastrophe.The milestone for the modern Chinese stock market, which began in 1990, started on midnight, May 30, 2007, with Hu Jintao’s government unexpectedly announcing it would triple a tax on stock trading. The plunge sparked by the pronouncement had followed a breathless rally, making it eerily similar to ... ...