Congratulations to trade who had bought on pre market 😁
It was a tough one, but the stock actually rose back close to where it started falling from back in September! 😮
If you had gotten in, that's over 25% gains!
At this point, you might be wondering, what caused this amazing comeback? And how could you have gotten in before this rally?
If you've been following stock market news, you might have noticed that Baidu is a china stock and many china stocks have been soaring in recent months.
There has been a major rebound in investors' sentiment towards china stocks, driven largely by China's pivot away from its zero-covid policy and the ending of its crackdown on tech companies.
Keeping up with news like this could have helped many people jump in on china stocks like Baidu and reap such impressive 20%+ gains in a short period of time.
But is this really a good way to determine when to buy stocks?
Absolutely not.
> 95% of amateur traders trade based on news, which is a DEADLY mistake.
Not only is relying on news risky and unreliable...
When most people get into trades due to news, it is already too late.
This is exactly why lots of people lose money in trading.
They get into trades based on news, only to realize the 'hype' is already over and the only 'gain' they received was catching the falling knife.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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