 What We saw money games mr. V here welcome to another video guys so in today's video We are going to talk about Robin Hood ticket symbol H.O.O.D I know we've been covering Robin Hood a lot here on the channel But for good reasons guys because when there's news about Robin Hood I guess I don't want you guys to miss out on so make sure that we cover that news here But before we get started guys, we are new to the channel We took about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content So I recently did a video about Robin Hood and told you guys why the stock was really surging So I actually posted that video. So if you watch it, I'm gonna hook it up here So you can definitely go check it out to this video I'm gonna tell you guys why Robin Hood is pulling back again the stock is just trading I think this is week two of trading and so you're gonna see a lot of movement People going in and out before this thing would finally set it down And then if you are looking to go long term that would be an ideal time to go in So don't jump and buy this movement because you see it going up because when you buy it going up You are already late into the stock So you might be able to catch a little run and take some profit But if you trying to hold long term, you don't want to buy it at the pick So always wait for those pullbacks before you can buy it and pullbacks Depends on the stock. So it's not like one-size-fits-all So you have to do some analysis and understand and see where the levels are so you can know when to go in If you want a whole long term. So again, there's some news out there that Robin Hood is Actually making some some noise again. We talked about Robin Hood really skyrocketing and then we turn around Robin Hood pulls back. So let's bring up the news here Again, the reason why Robin Hood pulled back after that monster Riley was because they actually filed to sell 97.9 million shares again This is shares that are actually owned by There are institutional investors people that invested in the company before they were in public And so these people are selling the shares to make some money I mean, can you imagine if you invest in a company and it opens up at about 35 dollars a share and Skyrocket all the way to 85 for a high. I think it's high time you take some profit and these people are smart So when they sell now, they're gonna turn around and then buy it back when the team drops So they make all the profit and then take that profit and reinvest it back again in the company If that's a company that they want to keep so venture capital companies are very smart when they see the opportunity to sell It gets from 35 to 85 for a high. That's a huge spread Ton of money if you're holding over a 98 million share. So these guys are not dumb So again, let's take a look at Robin Hood here. So if you can see the stock yesterday alone Went to a high of 85 you can see here and just imagine what this thing opened up when they started trading So if you can see right here open up somewhere about that 35 dollar price point and then pull back a little bit their movement to movement and then come The third after hours is just starting to push up and then the fourth I just kind of rocket it all the way to 85 and then watch this pull back and now sitting somewhere around $62 again, I anticipate that this thing would pull back even some because this is I mean the move This monster move here was just not realistic. So and just just anticipate that this thing will pull back again I like it on the 50 if you want to buy it long term. I really like it on the 50 So if you can pull back and get to those those ranges for you that won't buy a long term I think that would be an idea place to go. So just get again kind of looking at more from a visual standpoint You can see this is a five-day chart. Just if you can see how that how did the stock move? It's just like a steady steep climb like right here. Look at that from August 3rd Look at that steep climb all the way to 65 and then getting to that high of 85 on August 4th. So actually Again, this is I mean if you had this stock, it would have been a great idea for you to take profit When it got up to that 85 and then wait to buy it back But I'm pretty sure a lot of you guys out there are greedy savages case once you see a stock get to 85 You're thinking oh 100 is next. You're not thinking. Hey secure some profit here before chasing You know the next big thing most people are always like oh, I want to you know continue to make it get profit So if you were smart and you secure profit of that 85 and then now waiting for this pull back to get back in Then you are a good investor, but if you thought oh my goodness, I'm just long term You're still in the money if you bought at that 35 price point But you've given back some of the gains imagine from 85 to 60 that is or a $25 spread So if you let that money go I I mean it's tough So definitely you you you are in control of your own investment So know when to take profit because if I bought this thing at 35 and he skyrocketed to 85 Which means I've already double my money and some out of taking out my initial investment in a little bit of profit And then leave some let's say if you bought 100 shares and you got up to that point you can sell 80% of your position And just hang on to 20 just in case if it goes to a hundred But if it doesn't have it pulls back then you can take those gains and then buy again and hold long term So that's pretty much what I wanted to cover in this video game quick recap here The reason why Robin Hood skyrocketed we talked about that in a in a previous video and today The reason why the stock pulled back from the high of 85 is because you have their Investors are selling some of their shares So normally when you put those shares out there to sell What's gonna do is gonna dilute the price of the of the stock and so People are gonna be panicking and selling so when they do that the price of the stock usually goes down So that's the case here and Robin Hood is actually down about almost 13% for the day Again, I anticipate is to pull back even some more so keep an eye On this one so guys that's the reason why I wanted to cover this video again If you have any questions, let me know in the comment section I think Robin Hood is really going up and down now you expect this for a new IPO We've seen situations where when the IPO comes out It's skyrocket and then pull back and get back to the levels where you can go long term So if you are looking to swing then find some some levels and then get in for for that support And then you see where he starts to see resistance like right now the high has been set to 85 So we know that resistance is gonna be somewhere around that 85 So if you break that 85 then it sets a new a new tap for for us So start looking at those levels and that's what it's gonna guide you be Do a swing trade or guide you to find a long-term entry if you're day trading it I don't think you really have that much to worry about because you can look at the charts for that Particularly look at the volume and that will guide you to your day trade But if not if you're looking long-term or swing trade then definitely make sure that you look at the resistance and you look at the support Right now currently high is 85 So let me know again in the comment section if you do have any questions If you're new to the channel we talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell To don't miss out on new content also guys if you're looking to get set up with investing We both has their promotion where if you sign up and deposit five dollars to get free stocks Links in the description below and as always guys do your due diligence. Don't be a greedy savage. Stay motivated