I Just Made Some BIG CHANGES To My Portfolio
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 17 May 2024
⏱️ 24 minutes
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| 0:00.0 | Hello fellow rebel capitals hope you're well so I wanted to go over some big changes that I am making to my portfolio right now |
| 0:09.6 | hopefully you guys can maybe learn from some of the mistakes that I've made or maybe some of the |
| 0:15.7 | successes that I've had or I will have in the future. I don't see a lot of people in the |
| 0:20.8 | chat saying I'm going all in on GameStop. No, no, no, no. |
| 0:25.3 | That's not it. But I think there's a lot of lessons that you can learn from that chart about trading and how what to do and maybe what not to do. So maybe we could just go ahead and start with that. Let's go right over there and I'm only going to spend a couple seconds here, just maybe 30 seconds, |
| 0:47.0 | because I want to get into the meat of the topic, which is really about the changes that I'm making in my portfolio. |
| 0:52.0 | So let's go over to GameStop here. the the retail trader and that includes me absolutely 100% this is why the game is so difficult |
| 1:06.5 | it's not really picking a stock it's managing the portfolio so mean, you can just for a thought experiment, |
| 1:15.6 | assume that you bought right even here, right, |
| 1:19.4 | when Hello Kitty came out and started making his announcement through all of his creative memes. |
| 1:25.1 | So you bought at, let's just say, I don't know, 24 bucks or something like that. |
| 1:30.5 | And you were just on Cloud 9 because it was going so high and then Portnoy came out and |
| 1:36.4 | Tate came out just pump pump pump pump pump and now it's just absolutely collapsed and so the question is what do you do you sell do you |
| 1:46.0 | hold I don't know I mean obviously everyone's different but but you can see that |
| 1:50.6 | decision-making process becomes very, very challenging. |
| 1:56.2 | And unfortunately, the way we are hardwired as human beings is to buy, even if we get |
| 2:02.1 | the stock right, it's to buy at the even if we get the stock right it's to buy at the wrong time and sell at the wrong time |
| 2:07.3 | because we're not robots we are emotional human beings flawed human beings and I will put myself right at the top of |
| 2:16.1 | the list so this is what makes trading so difficult as most of you know let's |
| 2:22.0 | what will stand this chart because I'm going to go back and forth to a bunch of different charts pretty soon. |
| 2:28.0 | But most of you know that I spend quite a bit of time in St Bartz. |
| 2:32.0 | And the last two weeks that I spent quite a bit of time in St Bart's. And the last two weeks that I spent there, |
... |
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