You may need to get a little cash at the airport kiosk when you land to pay for a taxi, but then you’ll want to pull from an ATM or go to a nearby bank to get the rest of your cash. Each mao or jiao (these words are used interchangeably) is worth 1/10th of 1 RMB. How Chinese use …
Continue ReadingThis way, if you move your stop lower, you’ll never be red on the position, giving you patience to let it work. When the price reaches the first target, you can either decide to exit the trade, or wait to see if target two is reached. You will need to determine which profit target to use based on the volatility …
Continue ReadingShort sellers must be comfortable adopting an inherently pessimistic—or bearish—outlook counter to the prevailing upward bias in the market. Short selling often aligns with contrarian investing because short sellers focus on strategies that are out of consensus with most market participants. For example, let’s look at how a short sale of XYZ stock might work. You believe the stock’s price …
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