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

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