Recurring revenue is great. Recurring mistakes, not so great. Here were our biggest mistakes:
1) Too slow to act on a high conviction thesis 2) Overly constrictive trade management 3) Not sizing up (within limits) on higher conviction opportunities
2/ Error 1: Slow To Act on High Convictions
We come across a fantastic setup that has a Trifecta of tailwinds (sentiment, fundamental, technical) behind it.
We pitch it, write it up for the group.
And then don’t take the first entry and watch as our thesis plays out to the T