Damon Verial is one of 25 Seeking Alpha Contributors participating in the 2017 DIY Investing Summit. In the summit, one of the questions I asked Damon was what was his biggest mistake and biggest victory of 2016. We then go deeper to see what lessons he learned from both. Below is an excerpt from the interview and a summary of his response.
Damon's biggest mistake and victory from 2016 (and lessons learned)...
- Traded with too little capital in his risk heavy account.
- Got flagged as a pattern day trader and lost account that was performing well.
- Noticed a trend in NUGT that led to 200% gains in 3 weeks.
- How to identify tradable patterns.
- The challenge of capitalizing on these patterns.
This is just a small excerpt of what's covered in the interview.
The interview is full of detailed tips on Damon's core investment strategies, top advice for DIY investors and specific ways he's positioning for 2017.
Enjoy the full interview with Damon and other top investors on Seeking Alpha. Registration for the summit is now open and free for a limited time.
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Full list of summit contributors:
Chris DeMuth, Bret Jensen, Rida Morwa, Brad Thomas, Eric Parnell, Ian Bezek, Richard Lejeune, Richard Berger, Aurelien Windenberger, Doug Eberhardt, Dividend Sensei, Ralph Baker, Lawrence Fuller, Double Dividend Stocks, Mark Bern, Mark Hibben, Dividend House, J Mintzmyer, William Koldus, Damon Verial, Avi Gilburt, Shailesh Kumar, Chuck Carnevale, Adam Aloisi, and Colorado Wealth Management
Join Damon at the DIY Investor Summit (free for a limited time) where he shares detailed tips on his core investment strategies, top advice for DIY investors and specific ways he's positioning for 2017.
Additional Disclosure: This article is for information purposes only. There are risks involved with investing including loss of principal. Brian and Investor in the Family make no explicit or implicit guarantee with respect to performance or the outcome of any investment or projections made. There is no guarantee that the goals of the strategies discussed by Brian and Investor in the Family will be met.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.