I don't like how Beyond Meat (BYND) stock makes me feel
- Posted on January 16, 2020
- Editors Pick
- By admin
It's barely a year and the stock is already showing more signs of crazy activities. At the beginning of the year 2020, the stock skyrocket to $117 dollars, people joined the party again but it's now going back down. Obviously, people are getting burned while some people are making money from it at the same time. The confusing part about this stock is that it's unpredictable, and it fluctuates so much that it can give people a lack of rest of mind.
I don't like how it makes me feel because I have tried to make quick money from it by buying Option in it and I did well until I tried to add more positions and I got burned. I want to share my experience with you all and I am wondering if you are feeling the same way.
Normally I am a disciplined investor, I buy what I understand and I buy only stocks that I have researched. However, it seems like the investment world has changed. This past year since Trump became the president, things haven't been the same.
Everything that we learned about how the market behaves has been proven to be old news. And if you don't change your strategy you may miss the most fun part of the party. Yes, value investors are making money but aggressive investors are making even more money in these past years.
I bought BYND options a few days ago, I bought 2 years LEAPs in the money, the stock went up about 13 dollars the next day. I made decent money and added 2 more contracts and it totaled about $10,000 dollars. Guess what, the stock tanked a few days after I added 2 more contracts, ouch. The lesson I learned here is, sometimes it's ok to miss the best party in town.
I sold my position and kept to what I have researched. Luckily I didn't take any brutal loss. This does not mean that Beyond meat stock was a bad investment; I was in for quick money and it did not work out and I exited the trade. I have other investments that are working well for me. As a result, I find my decision to fit my risk limit, so, me leaving the trade works well for me. I cut my losses and moved on.
Will I invest in Beyond meat stocks again? Maybe, but that will be a long term investment. I will go ahead and do more research on them now and see if they are worth sticking with for the long run.
Open | 111.27 |
High | 114.40 |
Low | 107.25 |
Mkt cap | 6.74B |
P/E ratio | - |
Div yield | - |
Prev close | 107.08 |
52-wk high | 239.71 |
52-wk low | 45.00 |
These are my views only.
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