Swendstone

George Soros is a successful investor who has amassed wealth by admitting and fixing his blunders. He is saying that he views his errors not as failures but as learning opportunities. He believes that if you can admit when you're wrong, you can learn from your mistakes and improve your decision-making.

🤔 This means that if you make a poor investment, it's important to understand what went wrong and why. By doing so, you can improve your investment strategy and avoid repeating the same blunders.

For example, if you invest in a stock that goes down in value, you could analyze the company's financials and market trends to see where you went wrong. Perhaps you invested in a company that was in a declining industry or that had too much debt.

The most important lesson to be learned from Soros' statement is that investing mistakes are inevitable, but what matters is how you respond to them. Instead of beating yourself up over a poor investment, seize the opportunity to grow and learn from it.

✅ By recognizing and correcting your mistakes, you can become a better investor and increase your chances of success in the long run.

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China tech stocks are now in a short-term bullish UPTREND. China tech stocks have reversed into a short term uptrend... higher highs and higher lows in price action...20EMA crossed above the 40EMA.

Government stimulus, better than expected economic data and regulatory pullback has likely marked the bottom of China stocks, especially China tech.

While the US is going through monetary tightening (raising rates), China is going through monetary loosening (cutting rates, stimulating economy) so I am not surprised if China stocks actually outperform US stocks this year.

Of course, when the 50MA crossing back above the 150MA (both Moving average sloping up) and price crossing back above 200MA (200MA slopes up) will mark a change in the medium and long term trend to up as well. For now, the short term uptrend paints at least a bullish view for now