Here's how one veteran trader takes advantage of market meltdowns.
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00:00For those of you that this isn't your occupation, that you do something else with the productive
00:04hours of your day, so you only get to look at the market a few times a day, just stick with what you
00:09know. When you do get those discounts on the stocks that you know you have conviction in,
00:16you do have to pass. A few days ago, Monday, especially during the... Everyone who watches
00:20this and reads me knows that I focus on stocks that trade under $10 or at least used to trade
00:25under $10. My core names from that portfolio, the Palantir, the Pelotons, the Rocket Labs,
00:34the SoFi's, I bought all those names on Monday during that meltdown because those are the names
00:39I'm long them. I'm long a lot of them. A few days later, some of these stocks are trading
00:44significantly higher. When you have the names you really believe in and you do get that 15%
00:51off sale that you would grab in a store if you were looking for a shirt or a pair of pants,
00:57you've got to do that with stocks too.