Another form of trading from a stock trader showing how one can profit from the stock market by following his plans carefully. The word investor chosen by Bloomberg on this story is not appropriate in my opinion. Chris Camillo is not an “investor” per se because he is trading the story and the price. Calling him a skilful speculator is probably more suitable.
The Ingredients Necessary for Trading Success
Interesting, but his sample size is pretty small. I’ll check back on this guy in another 20 years 😉
His method is essentially classic story stock picks. And it happens all the time with these stocks going 2 to 5 fold. Even when he is wrong, the damage is limited because of his profit expectation is so high.
The remaining questions are whether he can keep up the good work in identifying these opportunities and also if the equity market changes to the point not offering this kind of trading opportunities.
He’s only doing 2-3 trades a year he said…so he turned that sum from say less than a dozen trades? I’m not knocking the approach, its just his track record is too young and from only a dozen trades could easily fall into the realm of pure luck. I think there is an old saying something to the effect of, “It’s better to be lucky than good” 😉
Actually, the method is pretty conservative because a story stock there no one picks up the story will just stay flat. So down side is limited unless there is a scam going on like many penny stocks.
In other words, even a bad decision may only drop a small percentage of the account only.