FXI - China and market collapse

[Badger]

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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.

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I believe so. What I've gathered from him is that the price of the stock doesn't matter. Earlier in the year when the market was getting hammered were some of his best trading days. The more volume and volatility the more he makes.