To: Elroy who wrote (54547 ) 4/6/2022 10:30:09 AM From: Trader J 1 RecommendationRecommended By Fast Eddie
Respond to of 55911 SNOW: We all have to pick our spots on those tech and specs we like. TWLO and SNOW are two of my top names because of their positioning and performance in their markets. When I say I'm focusing on quarterly earnings and profitability in short order, I mean that I'm looking for continued expansion of their top and bottom lines over the next few quarters to show me that they navigate these more difficult and competitive waters. I don't like speaking in what I call "absolutes" if I can help it. Words such as: will, won't, always, never, can't, etc. Too dangerous and I'm rarely the person who says I "know" what will happen. All I have is my experience, knowledge, work ethic and strategy that helps me place my chips in such a way that allow for maximum gain while minimizing catastrophic losses on those which don't pan out. Thus far my strategy has worked very well for me but I don't spend too much time looking in the rear view. It's important for understanding how to improve my own results by being very aware of not only my failures but also my successes. Those, together, create a roadmap for us to be even more successful going forward and I'm a slave to that thinking. With TWLO and SNOW, both have worked their models with precision and execution to provide for many great years ahead. But as any story, there's a lot of chapters and success is never guaranteed. So, do I have any idea if they will be the winners in 7-10 years from now? Well, if I didn't think they were going to be, I wouldn't be invested for the long term. But, at the same time, I make sure my positions aren't overweight case I'm not correct. But there's an important part to this which many fail to understand or execute themselves. Too often traders and investors see their stocks as all or nothing affairs. Positions I/we take should always be continuously evaluated to ensure the story stays intact. When that story changes, so too does the investment thesis and you need to, at least, reevaluate to see what it means for the position. We can all go position blind and hang onto our favorite stocks even when the story breaks down. In most all cases, we're given opportunities to exit at a point to minimize loss, take gains, reduce weight, etc. It's not always easy to do but looking objectively at our holdings, the positive and negative catalysts and the story/investment thesis to each are paramount to long-term success. I fall into that trap as well but try to learn from each experience. Cheers and thanks for the question. TJ