NCAA Basketball and Trading

28 Mar

Once adopting the lifestyle of a trader, you begin to relate everything back to trading in one way or another. As we take a look at the unfolding of the college basketball tournament, the amount of upsets and close games this year is phenomenal. Three of the top seeds have been knocked out leaving just Duke as a final contender for the Final Four (as I post this at 4:05 CST the Duke/Baylor game has just begun).

What does this have to do with trading you ask? How many times do you see an overhyped stock (or team) breakdown or an undervalued stock (or underdog) rally? A word to the wise, if the non-professional trading community begins talking about getting long a stock, you (as the wise trader) want to get short.

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