Conditional Swing Trade Setup on SoFi

3 months ago

Jerry Romine

"Here's what I'm doing. I'm not investing long-term until I see true sustainable positive free cash flow. not adjusted a beta, not non-GAAP net income, not financial gymnastics, but I am watching for a swing trade setup. If the chart gives me the right signal, I'll trade it. I'm not interested in holding this while hoping the risk unwinds itself because SoFi might build something massive or it might break under its own weight."

The speaker explains that despite an impressive earnings report, he will refrain from a long-term investment in SoFi until there is a confirmed turnaround in free cash flow. Instead, he is prepared to execute a swing trade if technical signals line up, emphasizing caution due to underlying financial risks.

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