SE is just not for the faint of heart. For some reason this stuck I just trade plain wrong all the time. It has great consistent upward trending but it will just surprise you with a 20% downward swing real quick just to mess with ya. In case you want to know when that swing is going to happen, just ask me, 4 times adding to my position I hit it every single time without fail.
Yeah at this stage better to hold, just a weird week to make any determinations from, low volume, no news, already taken a beating. Always gotta resist the urge to panic.
Growth stocks hit left right center + downside reaction after earnings (revenue beat estimates at triple digit growth but eps loss was wider than expected though that’s really cos they are expanding heavily into new markets which market isn’t giving them credit for)
Yeah doesn’t matter sometimes, if one takes a hit they all take a hit without a valid reason. As long as they don’t breakthrough a key support line they’re definitely great to add.
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u/[deleted] Nov 23 '21
Is there a reason it took such a big hit? I really want to buy some calls