- HX TRADER
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- Volume 1 - Issue 12 - April 25, 2024
Volume 1 - Issue 12 - April 25, 2024
Buy A Ticket to This Trading Opportunity
Peter Lynch of mutual fund giant Fidelity Management is known as one of the greatest investors ever. He has one of the best track records out there!
As importantly, though, Lynch did a great job bringing his research methods to regular folks. His first book, "One Up On Wall Street," is the first book we recommend on our reading list, pinned to the top of our Twitter profile.
One of his most famous sayings is, "Buy what you know."
His view was that you should buy shares in companies with first-hand experience with the company and its products. You may work in that industry. Perhaps you are a consumer. Either way, knowing and understanding it will make you a better investor.
We agree but also have another version of this saying. We often buy the same stocks over and over for our TRADING strategies. We know them, and we understand how they trade.
When they present profitable opportunities, we take advantage of them.
This week's recommendation for HX Trader is both. An industry we know inside and out and an idea we have traded several times successfully.
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