This trader made 88 bucks in six years. If taking the 2-year performance, it is better performance than many hedge funds. Other funds charge 1%-2% plus 20% on gains (if any).
Speaking of Reddit WSB, BBBY is the latest meme trade. GameStop (GME) is the gold standard of the meme trade. AMC (AMC) has been kicked out. However, AMC’s CEO is not very charasmatic. Yet he easily sold the massive stock dilution on the APE ticker sale as beneficial to shareholders.
Trade Less, Accumulate More
Portfolio is like a bar of soap - the more you handle it…. The smaller it gets. Good luck - 50/50 chance of stocks going up/down in 12 month time period according to studies..
Buy And Hold has its Flaws
Buy and hold works until it does not. Investors who started in 2020 - 2021 and never sold various growth stocks lost up to 85%.
Investors who started in 1990, 2009, or 2017 are fine with a buy and hold strategy. The price an investor paid for a stock matters most. This is not to say that investors can time markets or stocks. An investor has control on what they are willing to pay.
The Next Crash is Building
Recent 2000% pumps from stocks originating from Hong Kong on U.S. exchange is a concern. Similarly, Bitcoin’s recovery and meme trade hyping are all red flags. It says one thing about the Federal Reserve. This is big.