The ebb and flow of investing

I lost a lot of money today as Alteryx stock dropped 8.55% to $99. Thus is the life of investing the stock market.

By no means am I downplaying this loss, but this is the game we play and you must be able to sustain these blows to reap the benefits.

I have been invested in Alteryx since $16 and have been slowly building my position over the last few years. The company has healthy financials and growth, beating expectations nearly every quarter since the company has gone public.

There was no negative news today from the company. I’m not sure why the drop happened, but the likely explanation is that this is a pullback on SaaS stock and $AYX, which has been a stock market darling, took the brunt end of it.

The stock is highly volatile with a 52-week low of $48 and a high of $147. While the company is health and the product is amazing, it’s easy to point to the fact that the company may be overvalued while trading at a P/E of 571.

I have no plans to pull back on my current position. My long-term thesis on the company has stayed the same. I believe the room for self-service data and analytics tools will continue to grow to bridge the gap between the generations of non-coders and the generation where coding is ubiquitous and taught in all schools.

To reap the benefits of the future growth, you’ll need the cajones to hold on and power through days like today.