091: Craig Scott – Trading Fundamentals, Sentiment and Events, and Why Conviction Matters
Summary
Craig Scott shares his extensive journey in trading and investing, from high school competitions to managing significant capital. He details his distinct hybrid style, which integrates fundamentals, momentum, sentiment, and instinct, while famously eschewing technical charts. The episode delves into his lessons from major losses, his disciplined approach to setting entry/exit points, capitalizing on transitory market events, and the strategic use of options and hedging for risk management, underscoring the importance of conviction and resilience.Episode description
Craig Scott is someone who has been trading and investing for most of his life, first starting in school when he participated in a year long stock picking competition.
Once completing a double major in finance and accounting, Craig spent many years as an auditor and an accountant, and later on, the entrepreneur within had him start and grow several businesses (doing similar things) along the way.
As Craig describes his style of trading and investing; it’s a hybrid of fundamentals, momentum, sentiment and instinct. He uses options for short-term positions and for mid/longer-term positions he uses stocks. And worth mentioning; Craig’s very adamant about the fact that he does not use charts!
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