Cody Underground Episode 11: 401k strategies, FB earnings preview and much more

Q: Cody, if FB pops from earnings at what level would you look to sell some of the position? A: My first boss on Wall Street once screamed at me and sent me home for celebrating having opened a big account because "you don't want to jinx it. Don't celebrate until the check is in the bank and has cleared." I mocked the idea even as I stormed home with steam blowing out of my ears, angry that he was angry at me when I'd just seemingly opened him a good opening-sized account from a big investor. I understood what he meant weeks later when that check never came and the guy never answered our call again and I ended up eating a $3000 loss for the firm. Anyway, IF FB pops, I'll tackle how I'll trade it when it happens. I'd likely trim more if FB were to get back above $70 where I'd trimmed it last time anyway.