RYDE what a RIDE!!! Holy Crap!

by Crunching_The_Market 2 months ago

I bought into RYDE at $4 and was watching it and it went nuts this week. It hit $17 and then dropped back to $15 and I got out. Went to $22 yesterday and I was FOMOing.  It JUST dropped to $4 just now. Chinese Stocks. Never Trust them !!!
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TraderMike 2 months ago

Yeah, I do my best to avoid Chinese stocks. I accidentally bought one a few months ago. It had a great run and I was trailing a stop. Then it crashed on no news and kept getting halted. The worst part was it jumped right past my stop and my broker’s system didn’t automatically sell it once it started trading because it was so far from the stop price. Just a disaster! I’m just glad I didn’t have a very big position. I quickly swung from wishing I’d had more shares to being thankful I stuck to my position sizing rules. 

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