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WallStreet vs WallStreetBets... IT STINKS!
#11
(02-26-2021, 06:42 PM)xdude Wrote: There are plenty of people who invest in stock markets and currency markets without a clue what they should do. If you are inexperienced then there are basic rules to follow. One of those universal rules and buy when stock prices fell low and sell when rise.  But many do it the other way and lose money. Also if you want to get into day trading then you will be losing a bit of money till you start underlying correct vibes. This is why nobody should invest big till you learn it well. Plus there is the risk factor. How much risk you are willing to take.

Many small investors got good profits from the GameStop drama. Especially those who decide to take a risk and bought it while it was under 10 and rising. They bought it before the price goes high and exit the market before it hit the peak.

You're right about the risks with trading, I've also heard that when trading, (heard abt bitcoin), you should know when to actually tap out. You should be well aware as to how much you're willing to earn and when's the time to exit the market.

E.g., If you bought 100$ of bitcoin, and want to exit the market at 200$, then you stay with your commitment and hold those bitcoins until they reach that value. It might take a few weeks or maybe a few months, but sooner or later the value will reach there. You must cash out after completing your target. Some people fail at this and end up loosing instead of earning due to sudden crashes.
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