IQiyi had a sharp sell down this past week and the selling was horrendous, strong and intensified. The profit taking was huge and those fake breakouts were real with some gaps in between. I was super pleased to see a new student of mine taking actions with only 200 shares and made almost $1.50 gain with $260. Although not a lot for her account size, still it's a good start in getting a job done for trading US stocks. I studied the IQiyi chart and there were serious amount of resistance at the top and sellers at the supply zone with high selling intense volume.
The stock tank and the right way to trade was to short as this student did. I invited a small group of traders to an exclusive private sharing last evening to share more on how it worked and was pleased everyone felt motivated and wanting to try. I would rather take 10 people to charge with me than 100 armies. Thanks everyone!
Ronald K - A Game Changer
