TECH MONEY VS OIL MONEY | Wallstreet Trapper (Trappin Tuesday's)
Trappin Tuesday's
Wallstreet Looks Like Us Now Network
4.9 β’ 2K Ratings
ποΈ 28 January 2024
β±οΈ 12 minutes
ποΈ Recording | iTunes | RSS
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| 0:00.0 | Alright, the one way is the |
| 0:02.0 | the one way is the contrarian way, which is find a good company |
| 0:07.0 | and buy when no one wants it. |
| 0:09.0 | That's kind of the way I like to buy. |
| 0:11.0 | Now, I'm going to give you two different concepts about this and this is |
| 0:15.1 | important because most people there's always a battle. I'm not so much as a |
| 0:21.6 | buy-to-dip person and it's a great explanation on why. |
| 0:25.0 | Right? Because if you look at buying a dip in most cases when you're buying a dip you're actually buying as the stock goes up. |
| 0:33.8 | And the reason why you're doing that is because |
| 0:36.6 | stocks typically go up more than they go down. |
| 0:39.8 | Just on average, 76% of the time stock market goes up. Now I'm not mad at you for doing |
| 0:44.7 | that because for most people that's the easier way to invest because you just keep |
| 0:48.4 | consistently add on to your position. But just know that when you invest in like that, what you're doing is you're adding, |
| 0:55.3 | you're consistently increasing your cost basis. So in this situation, you're going for position |
| 1:01.1 | more than profit, right? In this situation, you're going for position more than profit, right? |
| 1:03.0 | In this situation, you're going for position |
| 1:05.8 | more than profit. |
| 1:07.5 | But at some point, you gotta stop buying. |
| 1:11.0 | So your profit can catch up. |
| 1:13.0 | For me, I like the more contrarian situation because I like to buy a stock when it goes on sale and buy a lot of it. |
| 1:21.0 | And then every year, it's easier for me to re-evaluate the company |
| 1:25.8 | so I can know when to buy it again if it goes on sale. |
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