Our 3 Cardinal Rules of Investing!By datatrekresearch in YouTube
In the first video on our new YouTube channel, DataTrek co-founder Nick Colas shares his “3 Cardinal Rules of Investing” based on what he’s learned during his +30 years on Wall Street, including when he worked directly with Steve Cohen at SAC as a PM/Analyst. They touch on everything from technical and fundamental analysis to behavioral economics:
- Rule 1) Respect price momentum at the extremes
- Rule 2) Realize that potential losses weigh heavier on your mind than equal sized gains feel good
- Rule 3) Understand that the market is never wrong, and always wrong
Watch the video here for why these rules matter and their investment takeaways in the current environment. Please hit the like and subscribe button if you enjoyed it, thank you!