Trading strategy: Chris Camillo's secrets to millions as market wizard - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

Malaysia News News

Market wizard Chris Camillo grew his trading account by $9.7 million in 2020. Here's the simple strategy he's using to mint millions.

," isn't poring over balance sheets. He's not analyzing the latest Fibonacci retracement levels. And, interestingly enough, he's not even concerned with price.

As an adolescent, Camillo trained his eye to pinpoint unique items — antiques, collectibles, watches, fans, and baseball cards — selling under market value. He'd then turnaround and unload his haul for a handsome profit.Every morning, before Camillo hit a sale, he'd start his day with a Snapple iced tea purchased from his local 7-11. Frustratingly, one day he'd noticed that his favorite drink was missing, and that the refrigerator section had shrunk within the store.

. Distilled to its core, the methodology relies on identifying change — whether it be in consumer behavior, culture, technology, or government — anything that could positively or negatively impact a specific company or market. He then arbitrages that change before the market comes to fully realize what he's already identified.

While most traders and portfolio managers are scouring a company's latest 10-Q, Camillo is hard at work scouring Reddit, Twitter, Facebook, TikTok, Instagram, and Google Trends data to unearth opportunities. "The optimal way — and I'm not strong enough to do this — I wish I could say I was, but the optimal way to pursue this strategy is to not even be aware of the stock price when you initiate the trade and not even to be aware of the stock price — whether you're up or down — when you exit the trade."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines