Why it make a shit trading? Don't you know BTFD is the best and easiest strategy in the town for the last 5 years? This is better than any BS TA.. You still doing fine for the past 2 weeks with BTFD if you have a proper risk management.
I did something very similar at the end of July also. It just didn't make sense to me to hold 100% equities. I just didn't see much more potential for now. I did 40% into a stable value fund, 35% into Vanguard intermediate term bond index, and the remaining 25% I left in the Fidelity Spartan Index fund which is similar to the russell.
This guy Andy Xei on the other hand is, in the eyes of Beijing, is off the reservation. Its hard to believe he still speaks openly in the Asian region without a vest. The people's party must be steaming under the collar right about now with this guy's open remarks about the Chinese ponzi games in both stock markets and the property markets. But he has some amazing insights and thoughts about the China we never hear about. He brings a blunt outspoken reality to the China picture. http://jugglingdynamite.com/2015/07/10/xie-explains-the-immature-madness-of-chinese-markets/ http://video.cnbc.com/gallery/?video=3000397258 http://video.cnbc.com/gallery/?video=3000397262
Seems like every other week china is pulling something over the weekend. Just let the market find it's own bottom, this rushing in to save the day only prolongs the pain. China Poised to Raise Banks’ Liquidity to Boost Lending Move would signal yuan maneuvering in the past two weeks is backfiring By Lingling Wei Lingling Wei The Wall Street Journal CANCEL BiographyLingling Wei Lingling.Wei@wsj.com Updated Aug. 23, 2015 6:38 a.m. ET
God save us: But the real turn in the market came when China’s Ministry of Public Security — the no-nonsense tough guys normally tasked with cracking down on political dissent — announced that it would arrest what it called “malicious” short-sellers. It was clear, however, that this meant anyone whose selling (not just “short” selling) interfered with the government’s efforts to boost prices. The announcement cast a chill over the market. I have heard multiple reports of Chinese brokers refusing to accept sell orders for fear of angering the authorities. So when we say China’s stock market stabilized, we need to put quotation marks around the word “market.”
The bad move was stop ability to dispose of shares, disallow short selling, but not selling what's yours.
This will be the reason why markets collapse, this and the other thousand and 2 ways central banks have tried to prop up markets, I don't know why everyone believes this is the answer to fixing markets when the only answer is to let the markets find their own bottom on their own, this will just prolong the inevitable collapse.