$25K Trading Challenge (Day 116) – Adobe for the WIN
Video Summary
In this article, an individual is sharing their experience with stock trading, focusing on their brokerage account and three current positions: Adobe, Costco, and Facebook. They explain their decisions to buy into Adobe, expecting a price increase due to earnings, and how they profited from the stock’s growth. They also discuss their disappointment with Costco, stating that it has been a “mistake” and needs to drop further in value before they can get out of the position. They express frustration with the market’s recent behavior, with many growth stocks experiencing sell-offs, and mention their desire to have a more simplified options trading strategy. They touch on other specific stocks, including Intel, Bank of America, Wells Fargo, and Apple, and provide some technical analysis on their charts. The article concludes with the individual sitting on a significant amount of cash, waiting for an “irresistible buying opportunity” in the market.
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