What I’m Trading: Alex.

Occupation: Student

Industry: Still figuring out how I’ll run the world.

Age: 21


Portfolio Size: US$3012.28

How much time do you spend on your portfolio each week?

About 1–2 hours when I’m not all cash. Updating stop losses, re-evaluating current holdings, researching new stocks to invest in, and building my watch list.

How much of your income do you put into the market?

I’m a University student so, not much at all. I originally deposited a few hundred dollars at a time to test the markets with and I’ve been adding to it every month since. It’s amazing how quickly it adds up when you add your profits on top too. Compound interest, baby!

What’s in your portfolio right now?

Right now I am all cash. I would rather miss out on a small gain and then get caught in a big drop. I don’t know what the market is doing right now. By the time this is published I could be 100% in stocks- gotta move quickly once a trend is confirmed.

What do you love about being in the 🇺🇸 market?

As I said before, being from the US originally, I like being able to invest in what I know.

While my technique is mostly technical chart analysis, I still focus my watch list towards companies I know. I also think it’s awesome to be able to have “invest in Amazon” when most people think that takes a huge amount of starting capital.

What are you watching?

Currently I’m watching two main industries health care (always one that I’m following) and weed stocks. One particular stock I’ve been watching for ages is TNDM. It was a big rage a few months ago and I got some good gains out of it and am interested to see if it continues.

What’s the best trade you’ve made?

I don’t know if I can say this but it was in crypto. I got into $NEO at $40 and rode it all the way up to $120. I sold somewhere around $110. If only I put in more…

And the dumbest?

The dumbest wouldn’t be a single stock but failing a rule I hold myself too. Recently I had massive returns overnight in $AXGN. But I fell asleep before putting in any stop losses so I rode the stock to a great high…and then all the way back down. Worst part is it wasn’t a bad decision, just laziness.

Is there anything you’re trying to improve about your strategy?

I want to improve on my research skills. I am a short term trader, so when a stock is up I want to continue to ride the high. There are so many stocks available, it’s difficult to find the best of those opportunities, and that’s something I want to continue working on. Anyone got a screener they can share?

Who do you lean on for advice with trading?

I don’t rely on anyone for advice on what to directly trade in. However, I expand my horizon of possible stocks through a few different avenues. Currently I subscribe to the Equity Mates podcast, and their “What’s Hot and What’s Not” (with Stake’s own Matt ) gives me some ideas. I also exchange possible stocks with my boyfriend, giving each other opinions on why we would or wouldn’t invest in something (but I don’t listen to him, I’ve been getting better returns than him).

What was your first trade on Stake?

My first trade (ever) was WLL. I went almost all in…and lost 10% overnight. I think I had just picked on one of the trending stocks and didn’t know much about how to manage risk.

Any lessons you’d give to someone who’s never invested or traded before?

Jump into it, even if you have just a little idea. Stake is cool that you can invest with just $50 to play around with. I’ve increased my investments (and returns…and losses) as I’ve become more confident in the market.

But also STOP LOSSES. I didn’t use them my first week ever of investing and couldn’t sleep through the night. I read a few books like Minervini’s Trade like a Stock Market Wizard and he opened my eyes completely to risk management.

If you were to buy a US stock or ETF right now, what would you buy?

At the moment I’m in wait and see mode but ceteris paribus, $CBLK. Great recent volume, climbing nicely off it’s low and room to keep running.

ICYMI: make your own decisions

This is not investment advice, just my opinion. It doesn’t reflect any opinions of Stake. I’m as fresh to this as the next person off the street. Do your own research and make your own decisions.

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