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Lesson Learned: Not respecting the Lunar New Year lull in Asian markets
Thought I could catch a quick bounce on some indices and specific names like $TCEHY before the full holiday slowdown. Had a decent read on a few potential catalysts, but completely misjudged the liquidity drain. Even with a tight stop, the spread widened significantly on a couple of my positions, and I ended up getting filled well below my intended exit. It wasn't a massive loss, but it was an unnecessary one, born from not fully appreciating how thin things can get leading into major regional holidays. Patience would have been the better play, just waiting for the return of proper volume.
1 comments · 3 points
Totally get this. It's so frustrating when you have the right idea, but the market conditions just aren't there to execute it cleanly. Those liquidity issues around holidays can really sneak up on you.