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If I’ve been a little aloof on Touching Base lately, it’s probably because I’ve been keeping a watchful eye on my portfolio. Seeing what works, what doesn’t, learning when to buy, when to sell, and attempting to identify patterns in the market all while keeping my ear to the street. Wall Street.
Last time I spoke to you, I had yet to mash the TRADE button. I had no skins on the wall. Well, a lot has changed since then. I’m in the game now, and while my skins may be minimal (looks like I’m up a few cents on the day), they are skins nonetheless.
Other than learning the ropes of day trading from Kyle and the good people at Raging Bull, my favorite development so far has been the unsolicited stock recommendations from random coworkers. Most notably is Jared, known to many as J Bone, demanding I get in on Take-Two Interactive (TTWO). Those are the people behind Red Dead Redemption 2, which launched a few days ago and predictably sent their stock up. It was up 9 percent as of this morning, and naturally, I was NOT in on it. It just sat there on my Watch List daring me to pull the trigger. It seemed too easy, and I didn’t want to go completely rogue from Kyle’s field of expertise in biotech. Hey, you live and you learn.
Late last week, I made a move at Kyle’s recommendation that looked fantastic early on, but we ended up selling yesterday for a slight loss. You gotta know when to fold ’em, guys. I would’ve held onto that waaaaay too long had my man K-Cup not been there to guide me. Live to fight another day- that’s something I’ve always said.
All things considered, I’m doing okay, but if I want to zip Will up in a bodybag once and for all, I need to get aggressive. Diversify. I’m in the corner between rounds sucking back water and demanding Kyle cut me. I’m hurt, but I’m still in the fight..