*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*
Recap: My team purchased shares of online video game company Roblox Corp RBLX at $30.72 on 5/5/22. Our first take profit was originally set at $43 per share.
Today my team has averaged down on RBLX at $22.25 per share. This brings our average down to $26.48. We do not think that $43 per share will be reached anytime soon, and so to be on the safe side we have established a new take profit at $32. This would be a 20.8% increase from our average.
First entry: $30.72 2nd entry: $22.25 Take profit: $32
Earnings are to be reported today after hours. We aren't expecting much, but we are willing to hold this one out long-term until it reaches our take profit.