$MQ we've hit our first take profit

*This is not financial advice, so trade at your own risks*

*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*

*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*

My team entered MQ on November 9, 2021 at $26.5 per share where we set $30 as our first take profit. We quickly hit this take profit when MQ hit its high for the day in the morning at $30.28. Things however took a turn for the worst when a parent company began slowly unloading shares throughout the trading-session. Shorts took advantage and had a field day. These factors are what lead up to MQ closing red today at $23.75.

Tomorrow should be very interesting for $MQ. Pre-IPO shareholders will be able to sell their shares due to Marqeta's lock-up period expiring after today. We however have no reason to believe that shareholders will sell their shares due to MQ being under its IPO price. It just wouldn't make any sense. Especially considering the companies spectacular 3rd quarter earnings beat from yesterday where they reported a net revenue of $132 million.

My team made a gain of 13% from the shares we sold this morning at $30. Going forward we will continue to observe MQ for additional buying opportunities.

Congrats to those of you who took this trade with us.

FIRST ENTRY: $26.5
TAKE PROFIT 1 (HIT): $30
TAKE PROFIT 2: $33.5


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