Occupation: Head of Training
Industry: Food tech (software for the food and technology industry)
Portfolio Size: US$5 USD
In one sentence, define your trading style.?
I’ve just got into the market, so I’m just developing my approach.
Matt (Stake CEO) is one of my best mates and he’s talking me through a few things and sharing some of his library with me.
For now, my style is just a reflection of my favourite quotes from Matt:
“Man who tries to pick bottoms ends up with smelly finger.”
So for now, I’ll be buying stocks that are making new highs! I guess I’ll have more to say on this one in a year from now!
Why are you in the market?
I’ve always been intrigued by the market, as a lot of my friends are in finance and never shut up about it. I always felt I didn’t know enough about it didn’t know where to start! Sounds like I’m just a mate giving a plug, but the Stake App makes it super easy and you feel like you have the control!
What’s in your portfolio right now?
Beyond Meat (BYND) was my first buy. I’m up 20% in a few days; just buying companies making highs. As it keeps moving for me, I’ll probably keep adding to it. I also bought Slack, but that position is a lot smaller than my BYND possie.
How are your returns?
Up 20% on BYND in just a few days. Slack, I’m flat on. So pretty happy so far..
Any other investments that are not on Stake?
I was the second employee at Ordermentum and we’ve grown rapidly, so I have equity in the biz here. I’m stoked with how that is going. It’s obviously not liquid and you don’t get daily feedback from the market on its worth, so it’s a very different investment.
Being invested the equities market obviously adds a different dimension, but I’m enjoying learning how to manage my emotions and developing a trading plan and style.
What are you watching and why?
Lots! Probably too many. From my limited knowledge and speaking to friends, its about making dosh not really about stock picking but managing your risk. So right now that is my focus.
Currently I’m watching stocks I’m connected with (work or personal). Tech stocks like Twilio (TWLO) , Zoom (ZM), Hubspot (HUBS). Sports related stock Callaway (GOLF), Acushnet aka Titleist (GOLF) — I’m a golf nut, plus a couple of stocks people have recommended.
I think “Watching” is the key word. I’m not quite ready to jump in straight away so watching the best way to learn (for me anyway).
That said, Beyond Meat is an amazing story and the price is moving
Do you have a trading or investing role model?
Not yet. I’m about to start reading the Stan Weinstein book, Secrets For Profiting in Bull and Bear Markets..
What’s a piece of advice you’d give a newbie?
Like Nike say. Just do it.
How did you first get in to trading?
Matt and our other buddies never shut up about the market.
I did use another app which rounded up your spending and invested it for you but I found that given they did the investing you weren’t as connected to it. The returns were also pretty low.
The market is there and I’ve always had it around me, so I just took the plunge.
Stake made it easy (free plug for free brokerage…).
If you were to buy a US stock or ETF right now, what would you buy? Why?
Beyond Meat. I keep mentioning it, but I think it’s a game changer.
Not only is the share price moving in the right direction, which is the first thing, but the company is the market leader.
If any large food company (think McDonalds, Burger King, Subway or even cafe chains etc) is going to start offering plant based meat or vegan substitutes, they need to go with someone who customers will trust.
Being a market leader (like Beyond Meat is) with a brand that is recognised is hugely valuable for both them and the distributor of their product.
Plus it’s making me money. Average up, not down :’)
I also think the Weed Stocks are really interesting given the development in canaboid uses but I’m still on a steep learning curve and not quite ready to invest.
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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