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.
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.
Personally, this becomes a buyable dip under $15 in my opinion
@investorinsight You are crushing Fintwit dreams with that sort of commentary lol
@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.
@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.
@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.
@investorinsight yes I would love to learn. When will TTD go below $15?
@ondough I don’t know an exact time frame but I would think early to mid 2023.