How To Use “Microtrends“ To Collect Big Gains
- Date: 28-Sep-2020
- Source: Forbes
- Sector:Financial Markets
- Country:GCC
How To Use “Microtrends“ To Collect Big Gains
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It was one of our most “unluckiest” trades at RiskHedge. We recommended this trade to our premium subscribers on February 19, which was the exact day the US stock market peaked before the “corona crash,” as you can see here:
Source: RiskHedge
The next morning all hell broke loose. The S&P 500 began a 34% plunge. This set a new record for the fastest 30% decline in the history of the US stock market.
In other words, we recommended a stock on the worst possible day to buy a stock since 2008. The company was Livongo Health (LVGO). It has all the ingredients to become one of America's most important healthcare companies.
Still, timing wasn't on our side. We bought Livongo on the eve of a stock
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