NASDAQ:IQ   IQIYI INC SPON EACH ADS REP 7 ORD SHS CLASS A
buy
Trade active: 5 points in profit
Trade active: $7 in profits

Comments

What's your take on today's red day?
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baderocks2 kylevd23
@kylevd23, That is to be expected. If we manage to go above 40, then we can definitely hit the all time high of 46
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I think you need to make your demand zones smaller, 4 dollars is a massive range.
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baderocks2 PickStockWinners
@PickStockWinners, Thank you for the comment. In reference to the zone drawn between 22-26, I've done that because I would rather take it as a whole zone rather than split into 2 different zones
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@baderocks2, I guess it depends on your trading strategy, I personally would split it into 2 demand zones particularly concentrating on the wicks, that's where your buy orders are. But I like the levels drawn none the less. (OTA student) :)
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baderocks2 PickStockWinners
@PickStockWinners, No range is too big if your target is set right, as part of your R:R analysis. a $4 risk is fine if your target is $12, or more.
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