des10
OP
101745335
:
yesterday $Upstart (UPST.US)$ closed at 232. if you expect it to drop to 200 today, it is equivalent to roughly 14% drop, which is very very steep. it may be possible in the coming trading days, but in the short term, I will expect a rebound which has already happened. for any day trader looking for quick profits, I believe this is how you do it.
If you're a long term investor, I also recommend buying at dips like this, but perhaps with 30% of your budget. if it rises, good you made a profit. if it drops, you have spare cash to average down. either way, you're not exactly "buying high", since you are buying at a dip, or middle of a dip.
Bobi2206 : How do u know
des10 OP Bobi2206 : I'm sure you can tell this was a big dip. if you don't buy at the dip, how are you gonna "buy low, sell high"?
101745335 : How about getting it to 200?
des10 OP 101745335 : yesterday $Upstart (UPST.US)$ closed at 232. if you expect it to drop to 200 today, it is equivalent to roughly 14% drop, which is very very steep. it may be possible in the coming trading days, but in the short term, I will expect a rebound which has already happened. for any day trader looking for quick profits, I believe this is how you do it.
If you're a long term investor, I also recommend buying at dips like this, but perhaps with 30% of your budget. if it rises, good you made a profit. if it drops, you have spare cash to average down. either way, you're not exactly "buying high", since you are buying at a dip, or middle of a dip.
101745335 des10 OP : Looking at this trend.. 150 is possible by end of November