The roller coaster ride of China’s stock market got even more interesting this morning.
To the relief of many traders CSI 300 index popped on the open up 8.5% however by the close the CSI 300 was up only 2.52%. On Friday the CSI 300 dropped 5.4% which brought the CSI 300 to more than Bear market territory.
The roller coaster continued with the Shanghai Composite, which opened up 7.82% closed to the negative area with a decline of 2.52%.
The Chinese Govt is trying to prevent more deluge by prohibiting selling…so much for a Free market!!!
The reason I wrote this post was that I have a student who after going through mentoring froze and did not follow his trading rules…He asked in terror what to do…
Watch this video to learn more.
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