In this episode we'll take a good look at $VFS VinFast Auto. This is a Vietnamese Electric Vehicle start up that states in it's filings that it has a history of operating at a loss and will need to raise more capital to continue operations.
The company did it's Initial Public Offering IPO last week on August 15th. It's listed on the Nasdaq exchange, and hit a low of about 11.61 before squeezing up to a high of $46.98. This impressive move resulted in the founders net worth increasing by over 60 billion dollars, as he is the owner of 2.29 Billion shares of the company.
The volume today was just about 20 million shares, which represents that even if he wanted to sell, he wouldn't be able to sell on the open market. He'd need to find an investor willing to buy his shares directly.
While the founder made $60 billion overnight on today's move, I made a bit less. I was able to capture about $2k in profit day trading the move to the upside. I struggled a little bit with bigger spreads, and being a bit too cautious. I didn't think it would go up as much as it did, and as a result, I left a lot of money on the table. But, green is good, and I'll live to trade another day!
Want to Learn More ❓❓ Get info on My Strategy and Courses here: https://www.warriortrading.com/trading-courses/📈
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
Wondering what I think the All Star Day Traders out there have in common? 🏆 Read this blog I wrote https://www.warriortrading.com/all-star-traders/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
The company did it's Initial Public Offering IPO last week on August 15th. It's listed on the Nasdaq exchange, and hit a low of about 11.61 before squeezing up to a high of $46.98. This impressive move resulted in the founders net worth increasing by over 60 billion dollars, as he is the owner of 2.29 Billion shares of the company.
The volume today was just about 20 million shares, which represents that even if he wanted to sell, he wouldn't be able to sell on the open market. He'd need to find an investor willing to buy his shares directly.
While the founder made $60 billion overnight on today's move, I made a bit less. I was able to capture about $2k in profit day trading the move to the upside. I struggled a little bit with bigger spreads, and being a bit too cautious. I didn't think it would go up as much as it did, and as a result, I left a lot of money on the table. But, green is good, and I'll live to trade another day!
Want to Learn More ❓❓ Get info on My Strategy and Courses here: https://www.warriortrading.com/trading-courses/📈
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
Wondering what I think the All Star Day Traders out there have in common? 🏆 Read this blog I wrote https://www.warriortrading.com/all-star-traders/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Ross trading large caps now ?
Big red flag 🚩 😂 inside trading
Up to $90+ today lol
Thanks Ross! I’d anticipate that the company will dilute and issue more shares in order to increase cash on hand and capitalize on the high share price. Do you know what needs to happen for them to be able to do that, like announce a shelf offering?
It at $70 now. You sold to early.
Wow still is worth nothing😂😂😂😂 going down😅😅
Check the 20ma 2 minute. buy entry off the dip to the 20ma and Boom.. Sell then wait for the 20ma pullback. then boom .. All the way to the Top.. The stock hit 70 three days later…
Vfs rises again 🎉🎉🎉
I’m really enjoying all of your videos ! Your training is unique to others that I’ve watched and very easy to understand and informative. I’ve been watching them day and night for the last couple of weeks ! I am interested in your classes and system. Does the system work well for those of us trading in Canada ?
Now the stock reached $70 today
Now it hit $70.00 a share what the heck Vinfast…wow
Who is boosting this stock? They barely sold any cars. is this a reputable stock? is the company profitable? what is its track record?
The middle finger pattern. Well said Ross 😂
As I am trying very hard to learn as much as I can so your vwap play is u don’t like trading the stock if it break it?
I don't think Ross actually did all that DD prior to trading this move. If he had done that, he would've hold it and made 10x what he made.
All the DD was done after the fact, LOL! ain't no day trader do all that DD prior to trading and holding for 1-5 minutes. Overall, great info!!!
Awesome as always!
What price action do u think for tomorrow? Looks like its starting to bleed
How many shares is small size for you?
Vinfast stock is supported by the fact that Vietnam has a 2nd reserve of rare earth in the world that will give Vietnam (Vinfast) a strategic advantage in the production of batteries for EV cars. Furthermore Vinfast plant in Haiphong is the most modern in Asia so production cost of Vinfast cars are very competitive.
I just bought $57 a share today. It will head to $200
Could it possibly go further up? Or is the stock suspected to drop now that it hit an all time high.
Excellent video thank you again Ross. But one question: aren't you cheking short position also ? Can't it be valuable especially in that case when float is drastically reduce by insiders ownership ?
what a stupid trader 🥲
You’re trying to analyze an ipo stock with low flows without shorting allowed yet and probably being manipulated?
Great video! You can see the great mental work Ross has in trading. You are my Mentor! Thank you Ross.
Wooooowwww
Owning a valuable company is how to get the money cheat code.
No wonder all the richest people own shares in powerful companies.
Really inspired.
Thank you so much for this video!
Interesting. The float size is 1.31M? But market watch shows 2.3B.
Edit: Ah you kind of answered it in the video.
Great vid Ross! Good to see some action, hopefully a sign of a MoMo turning point
Great job!! I hope I can get back in the groove and make some trades like this soon. I am in max pain on an unrealized loss rn that is making me sick
Watching analysis of your entry exits is very helpful. Hope to see more recaps in the future. Thanks Ross
i know ,a lot people made alot money when buy vinfast the first day…I miss a chance
That is awesome. Instant wealth in just a matter of hours. I'm in the process of getting my laptop to start trading, more than likely pre market. Of course I'll play it very cautiously and conservatively
Hello Ross I hope you will reply to me. I want to participate in the advanced course, but my English is not good. Is the content translated into Arabic?