LYFT Crashes 11 Percent-UBER IPO Seeking $10 Billion

LYFT LYFT Inc Stock Chart 4.11.19

LYFT LYFT Inc Stock Chart 4.11.19

Lyft Sell-Off Hits 11% as Uber Nears 2019’s Biggest IPO Filing

Lyft Inc. shares took yet another nosedive on Wednesday amid reports that larger rival Uber Technologies Inc. could be filing for an initial public offering as soon as Thursday.

The shares ended the day at a record low, falling 11 percent in New York.

Uber’s offering is expected to be the largest U.S. IPO this year and among the 10 largest of all time, and a person familiar with the matter said the company is seeking to raise about $10 billion.

bloomberg.com/lyft-loses-steam-uber-ipo-filing.

Snap bites back at prediction of shrinking Snapchat user base

Snap Inc. shares sank Wednesday after a forecast predicted that Snapchat’s user base would shrink for the first time this year, but the company fought back against the study and called it “flawed.”

Third-party data source eMarketer significantly changed its forecast for Snap SNAP, -2.67% Wednesday morning, predicting that Snapchat users would decline 2.8% in 2019, which would be the first time that users declined over a full year.

marketwatch.com/snap-bites-back

how to use moving averages

how to use moving averages

When to trade, and when to trade bigger, that is the question…

Trading aggression represents one of the most challenging aspects to conquer. And for good reason, it’s one of the most important skills to learn.

Once you have a strategy, profitable trading comes down to managing your winners. Small losses, and small winners wash each other out, but it’s those small winners that should have big winners that destroy your confidence.

“I had the big one but exited too soon…!”

Today’s lesson focuses on using simple moving averages to determine position aggression, and trade expectation. If you’re not familiar with trade expectation, watch this video it’s one of the key aspects to choosing trades.)

Using the chart of HD I want to point out the “phantom zone.” The place where most traders trade too big, or hold trades too long. The area on the chart is the first red circle. Where prices trade between the 20 sma and the 50 sma (20 and 50 simple moving averages).

The stock is no longer A + bullish, but remains a buy. But, and here is the key — you should lower your share size and exit into momentum. Trade for cash flow. Recognizing this scenario saves you tens of thousands of dollars over the year.

All trades are not the same. If all trades look the same, you don’t have a strategy!

The second red circle is an interesting point to discuss. In an ideal trade, the 20 is above the 50, and the 50 is above the 200. But that’s NOT the case, yet. So Home Dpot Stock is strong, has momentum, but is not yet the perfect trade. The 50 sma lives below the 200 sma, AND the 200 sma is flat (= no edge)

One of the most important topics I cover in Order Flow coaching is the Perfect Trade. If you know what perfect looks like, when order flow is obvious, and trade expectation is high (the odds of follow through are strong) THEN you will know when a trade is NOT perfect.

This is HUGE.

Possessing the ability to instantly say “Nope, not perfect,” you instantly know how to manage the trade — IF you even decide to take the trade!

So…do you know what your perfect trade looks like? When you do, everything changes.

 

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