FXI - China and market collapse

[maxtower]

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solely because I have a friend who makes his living trading FXI.

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He only trades this one ETF? Please take a look at the 10yr chart for QQQ. Some people were trading this for a living back in 99-00.

Just the fact that there is so much speculation in this market should tell you that the time to sell is coming soon. You don't want to be the last one holding the bag.

Why not put a limit order in to sell when the price drops 10%? Adjust the limit accordingly as the stock continues its rise.