Watch the video first and you will know what I mean.
Imagine the race-car driver is the trader you follow. Can you handle his driving style (trading style) in the Camaro (type of stock)?
You see how the race-car driver spins the car so skillfully (aka cut his loss or lock in profit quickly) when he comes to an obstacle (aka consolidating price action or sudden spike up in volatility) that appear in the front? Meanwhile, all you can do is scream, “We are going to crash! It’s too late! Help!” (aka “I can’t take my loss now, I want my money back! or “If I take profit now, I’ll miss the boat when the stock keeps going up!”)
That is why when you see someone throws out a few picks, you need to find one that “fits” your personal style. Not all stocks are treated equal. Believe it or not, stock does exhibit personality. You just need to know its mood to decide when is the right time to buy or sell.
I will delve deeper on this topic next time.
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