Trailing Stops Work

So Does Patience

The Trade Desk reported today. The reports were good, but not good enough. We got a few hints when Google missed, so it was not a complete surprise. Neither was the 25% drop after hours. Live by the sword, die by the sword, but I know you use trailing stops and patience, so it all worked out for you, right?

Trailing Stops Work

I bought into TTD at about $85 a share when it got hit last year. I got out at about $135 when my trailing stops were triggered. Being a regular investor and trader in this stock, I stayed on the sideline and patiently waited. I know it is volatile, so eventually, it was going to head lower. It did this afternoon. It’s time to put TTD back in my radar at prices lower than I expected.

Go enjoy your dinner, and remember, there are a few stocks that help traders make money. This is a great company but not one that fits a core in my portfolio. I’m going to get back into TTD sooner than not, but for now, the sidelines look pretty good.

It was a tough choice between the Rolling Stones and Dylan. Neither can sing the way they used to, but their message is the same. Time is on your side. Patience is a virtue. If you don’t believe me, remember to use trailing stops. They work, especially when the herd thinks that stocks will do nothing but go higher.