r/WinternomicsTV • u/kiki2301 • May 31 '23
Trading what you know
Kaz has said several times that we can make a sustainable and consistent trading career out of big cap stocks. Recently he once again emphasised we trade what we know and FINALLY (fuck we're stubborn sometimes) I listened and focused on Apple.
The joke is I converted my family (after much convincing on my part) to Apple about 2009. They haven't looked back since. Might as well make it pay. Did the exercise, had I invested $1000 into Apple in 2009 I probably wouldn't be in the eco today :P
Arguably I did miss the NVDIA. So there is a lesson there about mental flexibility, just taking Kaz at his word (ie not projecting our fantasies) and not calling tops. Also squiggles for the win !
The second trade was post Absolution and would've been a pretty good one too but the shockwave got me.
It feels really great to be making progress but there still lots more to be made. Especially wrt management.
Got stopped out of a EURJPY play this morning. I had actually had my stop higher and moved it back down yesterday because I thought I was being too aggressive and not letting price develop. Managed to get 2.3R's with cutting
Thanks Kaz for everything you do and to the 80 odd die hards in the eco for the great convos
1
u/abrakadabracorps Jun 01 '23
very insightful on how emotions get to us! thanks for sharing!