Is Robinhood a Buy After Its First Week of Trading?

August 9, 2021 The 8-Hour Workday Is BS The trading day may be eight hours long, but Future of Wealth Head Trader Lance Ippolito thinks that is total B.S. Once the dust settles by about noon, both Lance and the trading action are mostly done for the day — just the way he likes it! Trading doesn't have to be so complicated… So why spend the whole day staring at a screen? Trade Smarter, Not Harder Is Robinhood a Buy After Its First Week of Trading? With Robinhood's recent initial public offering, a lot of people have been asking for my stock forecast and, more specifically, who is doing the buying after it spiked over 50% this past Wednesday, exactly one week after it hit the market. People would like to know if it's retail traders buying the stock, or the "Kingmakers" — big institutional investors. Robinhood went public on July 29 at $38 a share. After trading down for a few days, things reversed upward in a big way this past week when it exploded higher… And judging by the volume, the Kingmakers are indeed stepping in to buy and sell this stock. So Is It a Buy? Don't Let Volatility Crush Your Earnings Season Options Trades Whenever earnings season comes around, it has the potential to shake up the markets in a big way. You often hear traders say they sell options ahead of earnings because you'll get caught in a volatility crush… But if you're one of the millions of retail traders who don't know about this common mistake, it could cost you. Don't get it twisted... the "vol" that's getting crushed here is implied volatility, not volume. Implied volatility is the amount the market thinks a stock price can move... And it can have a massive impact on what we trade, and how we trade it. So I'm diving deep into the world of implied volatility — how it works, how to find it and what to do about it. Let's Dive in "Roger, I like your professionalism, integrity and dedication to clients." Vincent R. A Double Top is a chart pattern, characterized by two consecutive peaks in price, that signals a potential bearish reversal of an uptrend.   Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.   Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.

 

                                                           

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