Quote:
Originally Posted by Cappy
If you can get in and out before a hype train fizzles it’s not a bad strategy with a small portion of your money. Frankly it’s getting too big now with lots of the money made from some big option trading and what they are doing with GME seems suspect. It will be interesting to see what happens with the board after GME
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If you are trading, this is a key concept.
Buy the rumor, sell the news. One very hard thing for a lot of new traders is to buy the fear or when nobody is watching. When everybody starts talking about it, you are sitting pretty already. Then sell that fomo and news when it comes out. Or scale out and pay yourself along the way. Always have an exit plan though.
And never invest in pennies, and if you do, go small, providing you have done proper fundamental analysis on the company. Example, I traded IPOC (now CLOV) several times around a core, and kept a few hundred shares of CLOV at 11.2 in my long term, as I like the fundamentals and growth potential. I am essentially riding free money at this point with extremely low risk being in on the average I'm at. Same with DKNG and AMCI for me. But I'd never hold any amount of AMC, as their fundamentals are utter garbage.
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