Meme Stock Craze
i have nothing against opportunitist that want to strike it rich in the Meme stock craze.. 2nd time opportunies like this are hard to come by..
However, trade with caution and have your risk management.. seen many diehard roaring kitty fans and anti hedge fund traders trading dangerously..
Many opportunitist Youtubers are also coming in to pitch the concept that don’t worry, it will rise again.. my view is that they just want your views on ur views or subscriptions which help them generate revenue for them… if you make a loss, they will just tell you, it was never a financial advice… its your own decision and your own money.. no one can stop you..
In trading, there are bound to be risk, so have your risk management and stop losses planned out…
this round of meme craze is overhyped and many opportunist traders are jumping in because of being FOMO… its not worth getting in debt because of this.. furthermore, it looks to me that the SEC and hedge funds are well prepared for this.. many news has been out, such as AMC and GME diluting their shares by adding more to their market.. this lessen the chance of a squeeze, the key element for why these meme stocks are flying at the start…
Keith Gill hasn’t said anything so far, other than posting meme here and there in his X account.. there were even theories that his X account might have been sold off to someone else…
i personally ain’t in any of this meme stock craze, but still seeing many getting burnt because FOMO, no risk management and blindly follow what YouTubers and others are saying… ain’t looking and feeling good…
anyway its up to you individually on how you want your outcome to be… no one can force you into any trade… trade safe and wish you all luck
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I ain’t any guru… i follow technicals and trend line of the market
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JC88 : When we buy the stock, there is no expiry it can be forever yours so long it is still listed. When you short it, you have interest and margin call to take care of. We clearly know which side of the risk are higher. There are many people here who have spare cash to buy these stock and just keep them as an insurance, sense of ownership and whatever you call it. While we see the good intention of your post, i think this whole hype is more than just about making money.
OceansWave OP JC88 : Trade like an investor… if you find that there is value within the stock, it’s good to hold no doubt..
Just feeling bad for those who are just gambling thinking of making a quick fortune by blindly following and getting themselves into debt..
We are all responsible for our own trades… so it always good to have your own risk management and long term plan for the stocks which you have acquired..
J Bradley : I agree, I’m looking to win big, but play so I lose small
Dally D JC88 : Definitely, took my spare change and bought, did the same thing with GME still have that in one of my portfolio’s from 2021. I’ve invested other places where I’m making good profits. Making money on this is a side mission. The main is being thorn in the side of the hedges.
johnwesleyc JC88 : HODL is forever
Scolly02 : Just remembered 4 for every 1 stock split :/ see what we can do:)
peachess : wow, it’s crazy to find someone levelheaded in gme these days
72804706 : I will go in a trade small even 5 times in a day to lomit my loss. The long run or hold on a meme to me is financial suicide.
Canopus JC88 : Hold is the right thing to do if you go short, you have to pay interest, so let's just jump out and talk about it