LYFT IPO Priced $72 Per Share | KMX Earnings

LYFT LYFT Inc Stock Chart Prior to IPO

LYFT LYFT Inc Stock Chart Prior to IPO

Lyft prices its IPO at the top of the range

Lyft Inc. late Thursday priced its initial public offering at $72 a share, the top of a range the ride-hailing company had upped on Wednesday, valuing the company at about $24 billion.

Lyft shares will list Friday on the Nasdaq under the ticker “LYFT” and the offering is expected to close on April 2.

marketwatch.com/lyft-prices-ipo-72

Global stocks rise on trade optimism, set for best quarter since 2012

LONDON (Reuters) – Global stocks rose on Friday on optimism over trade talks between the United States and China and were set to post their best quarterly performance since 2012, while global bond yields moved higher after a prolonged slide on growth worries.

reuters.com/global-stocks-rise-trade-optimism-3-29-19

CarMax Reports Earnings Above Its ‘Reversion to the Mean’

CarMax, Inc. (KMX) is the largest used-car retailer in the United States, and the stock has been in recovery mode since trading as low as $55.24 on Dec. 20. Like so many stocks I have been profiling, CarMax is consolidating a bear market decline.

The stock closed Wednesday, March 27, at $63.84, up just 1.8% so far in 2019 and up 15.6% from its Dec. 20 low. Even so, the stock is still in bear market territory at 21.8% below its all-time intraday high of $81.67 set on June 22, 2018.

investopedia.com/carmax-reports-earnings

Trading losses are guaranteed, yet for some reason, new or struggling traders seem surprised when they happen.

A few years ago I was hosting a seminar in NYC and I asked this question to the room:

Is placing a trade, accepting risk?

I asked for a show of hands to see who believed this was true. Virtually every hand went up.

OK, that was the answer I expected (which is the wrong answer)..

On to question #2:

Have you ever moved or cancelled a stop-loss just as it was about to get hit?

Again, most traders in the room admitted to this attempt at avoiding a trading loss. So many traders agree it looked like the room was doing the wave.

And this is why most traders have a problem with trading losses. They never expect to have them.

Here is the reason why, this hidden flaw, prevents a trader from succeeding.

Placing a trade is not accepting risk. Placing a trade is taking risk.

If a trader truly accepted risk, which means accepting the possibility of a trading loss, before the trade, the trader would never move the stop-loss or cancel it. This is because prior to the trade, she accepted the dollar amount at risk, in exchange for the potential profit.

In other words, you accept the risk/trading loss as a business expense. And if it happens you simply move on to the next trade.

About the Author

Leave a Reply 0 comments

Leave a Reply: