We're Closing Out This Position Amid Market Selloff
Discipline calls for prudent action as the market continues to sell off.
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| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
TTD | Sell | 1,590 | $70.50 | 0 | 0% |
After you receive this alert, we will close out the Portfolio’s remaining position in Trade Desk TTD, selling 1,590 shares at or near $70.50. This last slug of TTD shares returned a loss near 20% for the Portfolio.
We had planned to wait for a rebound in TTD shares to minimize the impact on the Portfolio. However, with the market continuing to sell off on Monday morning and the concerns we identified in today’s Daily Rundown video, the prudent move is to stem the losses and boost our cash position.
As we’ve shared before, hoping for a position to rebound isn’t a strategy, and past a certain point we have to throw in the towel and focus on better positioned companies with stronger prospects.
(Please note that we are looking to execute these trades at or near the share price mentioned above. Once the trade is completed, subscribers can see the trade's executed price here. Be sure to toggle the chart to sort by Purchase Date.)
