144: Tim Steenstrup – Learn an Arbitrage Strategy Used by Professional Stock Traders
Chat With Traders
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How to Accept Losses and Move Forward
I had underestimated the magnitude of how much you know how under owned Nintendo was in Japan and how many fund managers didn't own it. So I saw this as their catalyst to get into the stock and they just bought it like crazy. And plus there were a lot of guys who were short the stock so there was a bit of a short squeeze on that's what happenedIt was brutal. But after that you kind of have you go through these phases when you take a big loss as to how to accept them and move on.
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