Shorted Skyworks using the gap down strategy as the stock market collapsed due to extreme fear and volatility of the new coronavirus that is spreading around the world. It was CNY 3rd day yesterday but still I was working and looking for good stocks for my mirror traders so that they can make some good profits and hence I gave them a Whatsapp alert. Most stocks already gap down at pre-market and hence it's very important to look for good stocks that still have chance to sell down.
Chosen Skyworks because there was a lot of supply at the peak and there some great profit takings from the big players which warrants for a short selling position. Shorted 2500 shares at 118 and the stock slowly simmered off. I thought of holding on to the trades but suddenly, the demand zone was near and hence decided to lock in some good profits intraday first. The key signal to short was that the gap down was obvious and sellers were pretty obvious in the 5 minute chart. Watch the full video to see how I trade.
