Monday, May 24, 2021

Buying UA for a Cheap Swing Trade

1 comment:

Anonymous said...

Thank you so much for your site and YouTube channel.

You seem to know what you're talking about and it was really encouraging to hear you going long on UA from this price point. Looks like the stock is definitely up today.

I've been a bagholder on this thing for a few weeks. It started out as a day trade (averaged down a few times, hoping for a rebound), but unfortunately I didn't have a stop-loss (big mistake) and so I accidently became a swing trader (feels nicer to call myself that instead of bagholder, lol), at least for this position. UA has been making want to puke for the past week or so, as it continued it's trend downward. But it looks like it hit a strong support level in the 17.90's. Looking to get out at break-even in the 19.80's if I can. I doubt it will get there before the next earnings date, so I make take a small loss and get out in the 19.40's or 19.50's just so I can get back to daytrading with the freed up capital.


Good luck with your YouTube channel (I subscribed today) and everything else you do.