AIHS Trade on Jul 8, 2020 09:06 from RushPro808: Tradervue User Stock Trades.

Gravatar

Shared by
RushPro808

 

(NASDAQ:AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced that its Chinese variable interest entity has secured a RMB50 million (approximately US$7 million) investment from Hongyi Industrial Group Co., Ltd. ("Hongyi"), an affiliate of the largest shareholder of Chengdu Road & Bridge Engineering Co., Ltd., a construction engineering company publicly listed on the A-Share market in China.

This is the first premarket trade I have ever taken and I’m sure you can tell if you watch the video there was some confusion on exiting a trade premarket. Luckily, this proved to be beneficial as I would have taken profit earlier if the system didn’t reject my entries. Looking at the 1 year chart I noticed that if this moved past $.60 then it probably had the potential to reach its high of the past year which was $2.28. Volume was in the millions. Soon as it passed $.60 I bought in at $.62 and was able to ride this to $2.19, exiting trade right before the stock sold off.

Note: If you have not used TOS for premarket trading I would suggest doing that using on demand or paper trading first to get used to the difference in ordering. For example, to place a premarket order in TOS you have to change the TIF (Time in Force) to GTC-EXT (Good til Close – Extended Hours).

Shares traded: 1000
Closed P&L: $285.05

View this live trade on YouTube...

Premarket Trade (First Ever) - Senmiao Technology (NASDAQ:AIHS)


Execution detail:

Date/time Symbol Side Price Position
2020-07-08 09:06:04 AIHS buy $1.620 long
2020-07-08 09:31:38 AIHS sell $2.190 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in