There are a million ways to make money in the market, at the end of the day there is no right or wrong way. Today, Carl Ichan showed the world how he made over $2.1 billion dollars on a $321 million dollar investment. Carl bought $NFLX in late 2012 when the stock was in a downtrend, near its 52 week low, he sold it today as it traded at all time highs. Buying stocks near lows and in downtrends goes against what every trading book and trading guru advises you to do. Carl made over 1000% doing the exact opposite.
Next time you read or hear one of these preachers preaching to only buy near highs, not to look for stocks near lows, only losers average down losers, don't sell a stock going up, etc....Tune them out and remember Uncle Carl and his $NFLX trade.
What you have to figure out is what works for you, that might be buying highs, buying lows, breakouts, breakdowns, etc...
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Wednesday, June 24, 2015
How Carl Turned $321 Million Into $2 Billion
"Frank began his career on Wall Street nearly two decades ago. He worked alongside some of the most respected traders on the street. He quickly realized his true talents were in his ability to interpret market technicals as well as behavior. He was a full-service broker until 2011 when he decided that his no-nonsense approach and expertise was better suited as an independent rather than under the reins of the brokerage business. Since his transition, Frank founded Zor Capital LLC and had successfully managed the portfolios of high net worth individuals. Outside of the cliche cookie cutter approach. His achievements and advice have been featured by CNBC, FOX Business, Yahoo Finance, Benzinga, Wall Street Journal, and CNN Money. Frank is widely regarded as an influential trader in the industry."