Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money

79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FREE EBOOK

How to Day Trade Stocks & Indices

  • Place your first trade
  • Identify 9 chart patterns
  • Pro strategies step-by-step

You'll also receive our newsletter and other Opto emails in accordance with our privacy policy. This form is protected by reCaptcha

Don't miss out

Get our FREE Day Trading guide

+ Pro-trader interviews

You'll also receive our newsletter and other Opto emails in accordance with our privacy policy.

FREE Trading guide

Including Day trading strategy examples

+ Pro-trader interviews

You'll also receive our newsletter and other Opto emails in accordance with our privacy policy.

Tricks

Chris Camillo recommends listening

Chris Camillo is an investor worth listening to. He is the founder of Dumb Money and, having led and founded a series of successful tech and software companies, can boast having turned $20,000 into $30m and counting.

Alongside his friends Dave Hanson and Jordan Mclain, Camillo gave up the rat race to invest and in the process developed a highlight successful strategy called social arbitrage. In this week’s episode of Opto Sessions, Camillo explains the details of this intricate strategy in more detail. Here, Camillo answered our quickfire questions.

 

What’s the top mistake investors make?

Getting caught up in market noise, watching financial news and letting that noise impact your investments

 

What’s your favourite stock at the moment?

I really do love Peloton. It sounds a little cheesy, but I think it can be the Apple of connected fitness, the Lululemon of connected fitness. Looking ahead 10, 20, 30 years, I think we will think about fitness the same way as we think about having big TVs in our house — it's just something that everybody does.

“Looking ahead 10, 20, 30 years, I think we will think about fitness the same way as we think about having big TVs in our house — it's just something that everybody does”

 

What’s the most memorable moment from your career to date?

A few years ago Wall Street said Netflix was going to miss earnings. We put out a report that essentially said no, we think they might have one of the best earnings quarters ever because of a show called Stranger Things. We looked at social data and identified that there had never been a show in the history of Netflix that had driven as much social conversation. One thing we knew about Netflix was that when people talk about a show people subscribe. Sure enough, the stock was up 20% on earnings that day — Wall Street was completely shocked.

 

What’s your top tip for your younger self?

Go bigger. Go even bigger on my highest conviction trades.

“Go bigger. Go even bigger on my highest conviction trade”

 

What is your biggest source of alpha?

Just observing the world's conversations. With social conversations, there are a lot of ways to interpret the data. Everyone could be looking at the same data as me, but I can gain an edge, because I'm the best interpreting that data to identify an anomaly, or a true change in the way people are speaking about a subject, brand or a company's products. That's where I find the most alpha.

 

Listen to the full episode here:

 

Or for more ways to listen:

Apple Podcasts
Spotify
iHeart Radio
Stitcher
CastBox

 

Listen to the full interview and explore our past episodes on Opto Sessions.

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

Continue reading for FREE

Join the 40,000+ subscribers getting market-moving news every week.

Written by

Free ebook

Tricks of the trade: 7 interviews with the world’s top traders

Get it now

Related articles

7 Interviews with the world's best traders

Learn about the techniques and strategies used by expert traders

Get it now