Applying being greedy when others are fearfulYes, it is one thing to say be greedy when others are fearful. So, I have just nibbled the tracker fund 2800 ETF as it touches 21 price level. Using the HSI as a base chart, there lies a possibility of the price to revisit the support line at 19,961.
Too many retail investors/traders want to TIME the market , buying exactly at the support level or sell at the resistance level. Price action does not move in a linear fashion , thus making prediction a rare skills reserved for the far few (just dun ask me who). It is better to buy in tranches , like 10% when market drops 10% or more, another 10% if it drops 15-20% , etc.
That makes my life easier and more relaxed than to check on the chart often unless chart staring is your cup of tea, haha.
Again, this is not financial advice as many still view China/HK as uninvestable. So, do your own due diligence.
