Crashing a Wedding
That is what you are doing in the stock market
"Who gives a shit? It's a great band, it's a bad band, it's like pizza, baby."
There is over 8,000 stocks to choose from and plenty of commodities, as well, to trade and invest in. Lets not forget that there are cryptocurrencies to which there are too numerous to count. All of them are available for trading throughout the week. All you need is money and a brokerage account . What people fail to recognize it’s like crashing a wedding. All of a sudden you are sticking your opinion, greenbacks, and attention with others that may or may not like your presence.
Some stocks want to quietly operate. Some are loud and ostentatious. All of them have a price of admission. And they certainly have a leader that sets the mood.
If you aren’t going to stick around for desert, you are crashing the party. And for any good wedding crasher, you need to have game.
And be kind of a jackass. So this strategy can yield great returns, but it’s not exactly something is conservative. And you definitely can lose money on this type of venture.
I got this idea from watching CNBC and hearing these pundits talk about stocks and the underlying business as if they’ve been up at 3 am during a business crisis. My thought was immediately that these guys are just simply Wedding Crashes mingling with the crowd.
FYI the movie was based on real life
“Production. Andrew Panay, co-producer of Wedding Crashers, had the idea for the film based on his own experiences of being excited to attend weddings in his 20s due to the prospect of meeting women. Panay then consulted the screenwriting team of Steve Faber and Bob Fisher to come up with a story based on this premise.”
Again, your joining countless other shareholders but unlike most you are there to profit quickly and get out.
If Wedding Crashers have rules ( you can visit the list by clicking here) then so should your trading.
By the way there is nothing wrong with this, and if done correctly you will be wildly successful and rich. If memory serves me correctly Spielberg, the great director, crashed Universal studios pretending to be a producer.
“Fake it till you make it”
Here are some rules:
CNBC is always right. They have all the right stocks and insiders on. But never refer to CNBC, just start citing the talking heads as if you just got off the phone with them.
Jim Cramer who is an idiot and just an entertainer. Fade him.
Show off your portfolio to as many people as you can.
Be honest about your losses as well. It shows sympathy.
Only use Reddit, and Twitter (it’s ok to use Marketwatch.com), for information.
You’re an expert. Talk a big game. Any subject in the headlines, you not only have an opinion about, but you know you have the most informed opinion.
When trading, only involve yourself in IPOs, SPACs, M/As, Oversold growth companies
Use options (only buy them so your risk is only what you purchased and only use money you can afford to lose) as much as you can. Sometimes you cannot because the premium is too expensive.
While most will say it’s unsophisticated, well, Manhattan just indicted a former President. So be shameless in a shameless era.
It’s the end of the first quarter of 2023!
Tomorrow, we will review some opportunities.
For this quarter, we had a few good picks
Banks+QQQ, Short SPY
SONY
LGF
AMGN
Entertainment stocks
Have a good day and weekend,