The team approach, different sets of eyes and opinions, is the reason the trading floor here works. While you should only trade what feels comfortable to you- the chance to be engaged with other traders and hearing what they are doing helps you to cover and see more ideas yourself.
Just as important: If you know something, do something.
Sometimes you know something about something others just are not aware of yet. It might be a steak burrito at a new Mexican restaurant, it might be a company that lets you rent videos in a better way…Occasionally you are up on a trend before the rest of the world- and others traders. Once the market starts to notice, that does not mean it’s time to sell. Only when “everybody” is shouting about it is it time to sell into the frenzy.
I have seen firsthand, being early and patient with a great idea can make up for dozens of bad trades. It can change your entire future purchasing abilities if you play it right.
Good ideas often show up right in the middle of recessions and bear markets. Don't just sit quietly by. If you see something, say something. If you know something, do something.
*DISCLOSURE: No relevant positions
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