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The StockTwits® Edge: 40 Actionable Trade Set-Ups from Real Market Pros by Ivaylo Ivanhoff, Howard Lindzon, Philip Pearlman

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CHAPTER 36

Embrace the Tape

Quint Tatro, @tickerville

Quint loves the markets as deeply as kids love their home sports teams. He's smart, passionate, and hardworking, and luckily for us, he enjoys being a mentor. If you spend any time following his stream, you will be hooked. You might even want box seats and season tickets.

NEVER AGAIN!

The cold, crisp air did nothing to alleviate the feeling in the pit of my stomach as I walked around the outer bounds of the corporate office complex. To the casual observer I would be viewed as someone out for a morning stroll, stepping away from the desk to enjoy the brisk sunshine, when in reality I was a person toiling with the reality of having just lost hundreds of thousands of dollars in client money. The words still rang in my ear: “… and with that we believe it will be much easier for Winn Dixie to handle its current debt issues while under the protection of bankruptcy.”

How could this be? I had done all the proper due diligence. I had pored over balance sheets, studied income statements, analyzed margins, and talked to management. This small grocer was going places. Sure, the stock was bleeding to death, but wasn't that the time to buy more based on your homework and conviction? We started with a measly 1 percent; however, by the time it was finished, we had lost 3 percent of the portfolio in that swift blow I'll never forget.

It was somewhere between the second and third loops as I began to sweat, regretting the bottle of wine I had ...

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