Visibility: Public
Read/Watch Time: 5 minutes
Today’s video is quick review of the chart of AFRM (Affirm Holdings). This is a Fintech company that allows customers to purchase a product and pay over a period of installments without extra charges. You’ll see their name and offering at the point of sale on many online purchases… especially now with Amazon.
When I go kayaking, It’s easier to go in the direction of the current. When I trade, I want to trade in the direction of the broader market and the sector or space that the position represents. I’m always looking for a trend to continue or a new trend to emerge.
I chose AFRM to show you something that catches my eye. If I buy it, I might use “layering” (also called position sizing) to build up to my maximum position. If the trade goes against me, I review where I will exit to prevent large losses.
Feel free to teach this to your friends and family. I appreciate the referrals.
Thanks for tuning in.
Here’s the video link: https://squiggletrader.com/wp-content/uploads/2021/12/Mini-Brief-AFRM-12302021.mp4
Cheers!
Bo – Chief Squiggler
Help Yourself. Help Others.
Disclaimer
This communication is not a recommendation to buy or sell any security. It is not to be considered financial or investment advice. This is an educational and training tool only. If a specific security is mentioned, it is for illustrative and hypothetical purposes. You must use your own knowledge to determine what to trade, how much to trade and when to buy or sell. Investing and Trading involves risk and you can and will lose money. Past performance is no indication of future results. You should practice with fake/virtual money (paper trading) before risking real money. All communications and videos are for members only and are not to be shared. Consider all content copyrighted.