Chris Camillo of Dumb Money is a believer that the retail investor can have an advantage over Wall Street, and he’s developed his own investing and trading strategy which he calls social arbitrage trading. Correction: in the video I noted Chris pulled $40m+ in profits in addition to his $25m account balance but appears that the $40m+ in profits includes his account balance as here's what he messaged me prior to the interview: "My most recent audit was performed in June and it showed $42M of trading profits over the past 15 yrs from a base starting point of under $100k."

  / chriscamillo  
Dumb Money Live on Youtube,    / dumbmoneylive  
Dumb Money on Youtube,    / dumbmoney  

Timestamps:
00:00:54 portfolio performance and background
00:08:22 do you have a IRA or Roth?
00:09:26 secret sauce on how you have had an average 80% annual return
00:15:26 Private Tech Company called Ticker Tags
00:22:17 Wall Street investors are consumed with more noise than you think
00:24:06 What is the Wall Street disadvantage vs what is the retail investor advantage?
00:31:30 Peter Lynch investing inspired and another revelation…observation
00:36:21 Pros and cons of your type of trading, what about volatility?
00:39:15 How do you keep track of macro events, such as Delta Variant
00:42:15 The one advantage Wall Street has over retail investors
00:44:18 Typical holding time for your trades and positions?
00:45:50 Do you have a threshold to take profits?
00:47:57 How I think about executing these trades
00:48:40 stock or call options? How do you decide?
00:50:00 conviction stocks, how much do you leverage?
00:54:23 I took a $750k hit, ouch
56:00 Highest conviction trade…COVID
1:01:00 Very similar to Emmet, perspective of the trader
1:03:00 do you need to be detached and look at something objectively? And can anyone can do it?
1:07:00 being mentally prepared and black swan events
1:09:15 Do you have a broad interest in things? More of a jack of all trades than a master of one? Expose yourself and find change!
1:12:42 How do you learn about new areas?
1:16:20 Be interested in culture and social behavior, Wall Street likes numbers
1:21:46 Dave pushes back on anyone can do it 😏
1:25:05 Automatically buying stock and watch out of your own biases
1:27:00 Different from Peter Lynch, don’t just invest in what you know but invest in what you see
1:31:00 what advice do you want to give to new investors
1:37:55 Long term biases trades, do you do it?
1:41:15 What conviction on peloton is derived from seeing vs macro culture shift?
1:41:40 Wall Street can’t measure the depth of passion
1:46:00 Try to find people’s depth of passion and go against the herd
1:50:45 Having an audience adds another variable, does it add more complexity?
1:53:40 Wanting to grow exponentially, does psychologically mess with you? When is it enough?
1:57:00 did you at all de-risk? I’m ok with losing 70% of my net-worth. Bucket your risk
2:00:00 do you invest in crypto currencies

Social
🐦 Twitter   / heydave7  
🎧 Apple Podcast: https://podcasts.apple.com/us/podcast...
🎙️Spotify https://open.spotify.com/show/2iin015...
📸 Instagram   / heydave7  
Dave Lee on Parenting,    / @daveleeonlife7659  

💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date. When you buy through links in this video description, author may earn an affiliate commission.

Open an brokerage account at Interactive Brokers:
https://www.interactivebrokers.com/mk...

Buying a Tesla?
🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556
☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556

Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threa...