My $TTD trades
Even though recession might be around the corner and advertising might slow down, I believe The Trade Desk business will still grow in the long term. It is run by Jeff Greene who started and sold a demand side advertising company to Microsoft and later went on to build The Trade Desk, a buy side digital advertising company. I bought more of this amazing company on the day the stock went down 20% due to Pinterest hazy outlook on its own ad business. However, The Trade Desk didn't deserve this drop as they are in total different type of ad business. So it was a screaming buy in my opinion.
Irish Born Investor's avatar
Long term I agree. In the current market I think the highlighted area needs to hold otherwise you see another 30% or so decline IMO.


Andranik Serobyan's avatar
@irish I love a discount!
Preston | Investor Insight's avatar
Personally, this becomes a buyable dip under $15 in my opinion
Irish Born Investor's avatar
@investorinsight You are crushing Fintwit dreams with that sort of commentary lol
Preston | Investor Insight's avatar
@irish I can't help it - Its all with great intention to try to get people to be patient on these positions. I am hoping we can bounce off demand as you show, but I don't think its as likely unfortunately.
Andranik Serobyan's avatar
@investorinsight this is why I dollar cost average. I'm not a trader and never did well on timing, if it goes down more great I'll buy more but it doesn't matter to me as I have a 30 year horizon.
Preston | Investor Insight's avatar
@ondough Sounds great. Making a plan and sticking to it is crucial. I am a market timer that uses TA, so if you ever want me to provide analysis on something - let me know.
Andranik Serobyan's avatar
@investorinsight yes I would love to learn. When will TTD go below $15?
Preston | Investor Insight's avatar
@ondough I don’t know an exact time frame but I would think early to mid 2023.

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