*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team entered $MQ on November 9, 2021 at $26.5 per share where we set $30 as our first take profit. We quickly hit this take profit when $MQ hit its high for the day in the morning at $30.28. Things however took a turn for the worst when a parent company began slowly unloading shares throughout the trading-session. Shorts took advantage and had a field day. These factors are what lead up to $MQ closing red today at $23.75.
Tomorrow should be very interesting for $MQ. Pre-IPO shareholders will be able to sell their shares due to Marqeta's lock-up period expiring after today. We however have no reason to believe that shareholders will sell their shares due to $MQ being under its IPO price. It just wouldn't make any sense. Especially considering the companies spectacular 3rd quarter earnings beat from yesterday where they reported a net revenue of $132 million.
My team made a gain of 13% from the shares we sold this morning at $30. Going forward we will continue to observe $MQ for additional buying opportunities.
Congrats to those of you who took this trade with us.
FIRST ENTRY: $26.5
TAKE PROFIT 1 (HIT): $30
TAKE PROFIT 2: $33.5
If you want to see more, please like and follow us @SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team entered $MQ on November 9, 2021 at $26.5 per share where we set $30 as our first take profit. We quickly hit this take profit when $MQ hit its high for the day in the morning at $30.28. Things however took a turn for the worst when a parent company began slowly unloading shares throughout the trading-session. Shorts took advantage and had a field day. These factors are what lead up to $MQ closing red today at $23.75.
Tomorrow should be very interesting for $MQ. Pre-IPO shareholders will be able to sell their shares due to Marqeta's lock-up period expiring after today. We however have no reason to believe that shareholders will sell their shares due to $MQ being under its IPO price. It just wouldn't make any sense. Especially considering the companies spectacular 3rd quarter earnings beat from yesterday where they reported a net revenue of $132 million.
My team made a gain of 13% from the shares we sold this morning at $30. Going forward we will continue to observe $MQ for additional buying opportunities.
Congrats to those of you who took this trade with us.
FIRST ENTRY: $26.5
TAKE PROFIT 1 (HIT): $30
TAKE PROFIT 2: $33.5
If you want to see more, please like and follow us @SimplyShowMeTheMoney
