Daniel Bustamante | Coach
Don't believe me? Go ask any one of your friends who when Bitcoin hit $15,000 suddenly changed their LinkedIn, Instagram and Facebook about me sections to 'Crypot Investor'. Hey, I see it all the time here in Scottsdale; Part time real-estate agent, part-time crypto investor. I barely have time to get my workouts in let alone hold hold a few different skill sets, but that's just me.
Yesterday we sold off early morning and the headlines were; "Catepillar misses, causes markets to sell off" - Oh really? So the monthly candle and bad news from 3 weeks ago suddenly went away?
By the time the news hits the trade has already begun or is over. Do the opposite.
To the right is a short clip of me and Phil at the office yesterday. I was asking whether or not I should hold my Netflix position. (click to expand)
Because the Nasdaq had got to a certain level yesterday near the close and I was anticipating that it might sell off a little today.
Again, think and look 2-3 steps ahead when you invest and it changes how your results tend to be.
With Tesla earnings today I'll likely sit out.
Amazon is up to deck tomorrow. The options market has already priced the move in so best to wait until post-event to make your moves.
I expect that this market is a little choppy or what we call 'inside day' today but we'll see.
Stay nimble out there.