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Buying into the correction on Chinese tech stocks and my wife changing jobs
By Finance Smiths  •  July 27, 2021
With the rebound in the crypto markets, I have stopped averaging down on my crypto positions (Ethereum, Bitcoin, Binance, Matic, Cardano and Zilliqa). If this becomes a sustained uptrend, I’m ok to sit it out and not average up on them. My cash balance is limited and I have turned my attention to the Chinese tech stocks market. What started out as a dip has turned into a correction and I have been averaging down on my Chinese tech stock & ETF positions (Alibaba, PinDuoDuo, JD stocks and Lion-OSPL HS Tech ETF). Given that it’s a strong downtrend, I have spread out my buy positions into small amounts each time with a gradual reduction in the purchase price. It’s a tricky balance when the market is falling fast because I can fill my orders too quickly without a substantial decrease in the purchase prices. Or I spread them out too widely...
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By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
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