I am very bullish for the long term on this stock. PUYI INC is a China-based company primarily provides wealth management services. The Company's corporate finance service business primarily includes financing solutions for corporate borrowers. Will start to build positions with a Global Stop Loss at $$9.00
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Where is the follow up explanation to the crash here???
globalfinancialengineering
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@NCtrader16, Please note that all trades comes with a Stop Loss. Note: Global Stop Loss at $$9.00
The actual entry was at 7.4193 and the trade makes a high of $14.49 approx. If you are a trader you must manage your trade by trailing by 2 or 3 times the Daily Average True Range.If you did this you would have exit with some profit.
If you are an investor this is not necessary a crash but you must use small position size and a Maximum of 6 times Daily Average True Range.
Finally these are small-cap stocks and are very risky. Hence you need to apply some money management rules..
Hope this help
transparent-fx
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hello just wanted to thank you for sharing, we are all here to learn. i usually share my content in video format as i think it gives more value
globalfinancialengineering
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@transparent-fx, Thank you.. I do create videos for my decisions but i keep them private.. I will consider adding videos later
Bought at $8.70, got out yesterday at $10.76.
Will buy again when it gets down to $7.50, as it looks like it has resistance at that point.