Beware, Bears coming to town
アップデート済
Read this article to the end.
No, I did not make a mistake. This is about the HK government tendering for PR firms to clean up HK image. But as I read on, I start to see a pattern. The PR firms are no different from salesman. Their job is to sell Hong Kong to the world, to get more business come to HK, improve trades and services, etc.
Having been in sales for quite some years, I read this article with keen interest. 6 out of 8 global PR firms declined to do the job. WHY ?
The way I look at it is simple. They are trading against the trend. The HK protest is far from over. To resolve the problem of HK , one cannot pretend to look at only the external facade of high rise skyscrapers, top financial centre,etc. The political situation is the undercurrent and one that is still running strongly.
How can a PR firm dictate what policies for the Chief Executive to take ?
Do they have the power ? They can at best make subtle recommendations but for the PR campaign to work, the Chief Executive have to offer what the locals want. To ignore them and continue to tackle the challenges from a top level is not only dangerous but also myopic as well.
A good sales person is sought after because he has the track record. Just like the long term returns of SPX500. People like to invest in it because over the long term, it will continue to go up. So, the PR firms are afraid taking on this deal and if turn out , unsuccessful ,it will affect their reputation. So, rather to lose a deal than to tarnish the reputation.
Traders are like salesman too. The buyers want to sell to the sellers and vice versa. Each party convince one another the sweet deal they have on hand. They must believe in their own story and convince the other party.
It is when you are not convinced yourself to buy or sell , that is the time when you lack a beautiful story to sell.
What's your story tonight ? To buy or sell the SPX500 ?
No, I did not make a mistake. This is about the HK government tendering for PR firms to clean up HK image. But as I read on, I start to see a pattern. The PR firms are no different from salesman. Their job is to sell Hong Kong to the world, to get more business come to HK, improve trades and services, etc.
Having been in sales for quite some years, I read this article with keen interest. 6 out of 8 global PR firms declined to do the job. WHY ?
The way I look at it is simple. They are trading against the trend. The HK protest is far from over. To resolve the problem of HK , one cannot pretend to look at only the external facade of high rise skyscrapers, top financial centre,etc. The political situation is the undercurrent and one that is still running strongly.
How can a PR firm dictate what policies for the Chief Executive to take ?
Do they have the power ? They can at best make subtle recommendations but for the PR campaign to work, the Chief Executive have to offer what the locals want. To ignore them and continue to tackle the challenges from a top level is not only dangerous but also myopic as well.
A good sales person is sought after because he has the track record. Just like the long term returns of SPX500. People like to invest in it because over the long term, it will continue to go up. So, the PR firms are afraid taking on this deal and if turn out , unsuccessful ,it will affect their reputation. So, rather to lose a deal than to tarnish the reputation.
Traders are like salesman too. The buyers want to sell to the sellers and vice versa. Each party convince one another the sweet deal they have on hand. They must believe in their own story and convince the other party.
It is when you are not convinced yourself to buy or sell , that is the time when you lack a beautiful story to sell.
What's your story tonight ? To buy or sell the SPX500 ?
ノート
I hope some of you had taken the short and made some good profits last night. It is now reaching the 2865.6 support level and if it cannot sustain, then it will heads further south to 2850.
ノート
2850 support also broken down, closed at 2820. A good 5% returns if you short from peak to current. On average, if you get 2-3%, it is still very good. Remember to take partial profits , adjust your SL and let remaining positions run. On day chart, notice it has fallen for 3 days straight. Next week, we might see a rebound towards 2870.88 and if it cannot close above it and shows bearish signals (bearish 🕯, pin bar, etc), then I will add shorts.
ノート
trade closed
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