The flawed strategy Buying something because its down
Buying something because its the gang into a story
No risk management
Mocking others who are simply challenging the story you hold so dear
going all in on one story that is in a downtrend
No risk management
Rule number one of the markets....don't lose money
Rule number two of the markets ....never forget rule one.
This repeats over and over and over again and I actually think these boards enable that whole process. It enables the amateur investor/trader psychology.
I have PM from someone who is telling me how I am owned and how they are X /dimes and pennies away from being a millionaire. And the share price of REVO has gone down substantially since then.
I am waiting to be shown my lesson. In the meantime I have bagged well over 6 figures friend over the past month in this frothy bull market again. I mean its nuts again. Take your pick on the junior front or even spec stuff like ONC LXG to just name a few. You scan for the movers of the day and ride them. And just understand its not going to go on forever. One is not a stock market god. It will stop and one then takes a break.
But I digress as I wait to be owned and schooled by the grand investors who have been riding a downtrending stock in a bottom while all around things are jumping up in a nutso fashion.