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Derrek (@real_MikeBarnes): Resource Trading, Nintendo $NTDOY, and Getting More For Less

Value Hive Podcast

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How to Succeed as a Retail Trader

I'm a retail trader. I don't really have to worry so much about a risk management mandate other than myself and what my wife will think if I've been in enormous amounts. So I actually use a lot of round numbers. My buddy Lewis sent me over a capital IQ projection of where we could be in four or five years. And so I came up with a number two. That's how I get out. The only thing that would cause me to sell my position is if my thesis changed.

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