Inevitably… some of your best stock ideas, will come from others.
Great artists steal, right? So…
But you might be wondering…
Who Exactly Is “The Rhino”?
And it’s a good question. The reason I wanted to write about The Rhino is because I like successful investors who have personality, and a story to tell. The Rhino fits into that category perfectly.
Before The Rhino was a daily source of stock ideas, he was a paratrooper with the 82nd Airborne (an experience he writes about in incredibly interesting detail). Amazing.
He survived two tours of duty in Iraq and now seems to spend most of his time trading securities (and blogging about trading securities, for the iBC Cartel).
So Where Can You Find The Rhino After Normal Stock Market Hours?
Well, when Rhino isn’t crushing shorts or derelicts on the streets of San Franicisco, you can best believe he will be throwing egregious amounts of metal around at the gym, or basking in his nordic heritage.
You get the picture, right?
This man has values. And he stands for them. Plus, anyone who puts this much effort into everything he or she does has got to be a good source of stock picks, if you ask me.
Top Three Stock Ideas I Learned From The Rhino:
- Have Courage In Your Conviction – A good stock idea is not good enough. You need to have the fortitude to pull the trigger and follow through on your investment idea. The Rhino is very clear on why he holds all of his positions. And this helps him maintain conviction in his investments, even if a trade might be going against him. It’s the same reason I am so diligent about establishing criteria for evaluating stock picks ahead of time.
- Stock Ideas Do Not Exist in a Vacuum -People are quick to say how you can make money investing by paying attention to local businesses around you. But Rhino is one of those rare traders who actually does translate these observations into profitable stock picks. His recent bearish position on $LULU is only one of many “finger on the pulse” stock ideas. This is an area I’m trying to learn more about, from Rhino. You can imagine why, given the ripe opportunity for investment income to be generated.
- Work Hard – If you aren’t willing to put in the long nights of research looking for new ideas, the days of disciplined patience stalking the ideal entry point and hours of analysis pouring over your portfolio… well, find another gig pal. Or maybe don’t. Because life is going to be tough for you. At least, according to Rhino (and me).
So there you have it. And by the way pal, these are only a few of the timeless trading lessons The Rhino has imbued me with.
Not bad, right?
Personally, I should disclose that most of The Rhinos trades are a bit too speculative for my comfort level, so in the past I haven’t often acted on his direct trade ideas. But I really love his ethic and his style (which is more important than any individual stock idea). He is opportunistic and makes money where there is money to be had, long or short.
If you shut and listen you might just learn something too!
You wake up, you read Rhino, and you can’t help but feel motivated.
So even if you don’t follow his every trade, you can still learn a ton from his stock picks, trading ideas and sensible approach to investing. Plus, just look at the amount of research he does on a daily basis.
And now that I shared one my stock idea sources, who do you like to steal your stock picks from?
Update: You can now follow the Rhino at his new blog, Rhino Capital Management.