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#ChartTerms #InvestopediaCliffNotes Yes, the chart below is a shameless plug for my favorite speculative investment - $FIGS , but it is how I met @victor and somehow accidentally ended up w/ a following. While, I am actually happy about the aftermarket earnings report from yesterday ... looks like there was a "little" selff off in aftermarket which will explain why the open price is likely to be lower than the close price yetserday. If it goes up today then I will be happy that I am making money and if it drops significiantly lower I will probably start #AveragingDown (video release on 8/16) as I fundamentally still believe it will be the next $LULU but in the healthcare space. At some point today or tomorrow I might even try to do a post reviewing the earnings report w/ some of the stuff we learned over the last 2 weeks. Again this is just my opinion on $FIGS and ⚠️ definitely not a buy recommendation - I've been wrong before $GKOS 👀. The Breakdown: - Some basic stock chart terms to be familiar w/ are open, close, and high/low - Open refers to market price at open of market trading (far left on chart) - Close refers to market price at close of market trading (far right on chart) - High/Low - are the intraday high or low the market price reached (high - peak / low - trough) Where can I find Chart Terms on Public: - Easily can see the 1 day line chart on Public to find open, close, and high/low What should I know about Chart Terms before investing: - Opening price is not the same as previous day closing price due to after market trading - Closing prices can be followed over 5 days, 1 month, 1 year etc... to see trend of stock price - High/Low is important to day traders or technical analyst trying to capitalize on short term price movements What are the downsides to Chart Terms: - Closing price does not typically reflect important information release after market such as earnings, stock splits, stock buybacks, etc ... as often released after market - If you trade in small #MarketCap or something w/ high volatility - then be careful w/ your stop limits as a narrow price range may trigger at open if price changes dramatically before open and close Sources and Resources: - Investopedia but this was might also be a helpful resource P.S.: We are close to the half way point of August #StockMarketChallenge so I am curious to get an update on the #StockMarketChallengeMessageBoard - click on this and find my post so that you can comment w/ your mid month update as to where you and your investments are at. Hope everyone has a great weekend. #FunFacts #TheMoreYouKnow #TGIF #GrowthNotGreed #BuildCommunity
Aug 6 - Aug 12, 2021
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