Slow and steady wins the race as well. The sharp nosedive will always remind me never to be greedy and chase quick squeezes or high risk plays.
8
After dipping my toes into get rich quick squeezes, I realized I am still much more comfortable in slow and stable moves. Will update as I remain disciplined throughout my journey.
9
1
I tried to follow and went all in recklessly and the market decided to teach me a good lesson. Overnight I lost all my gains I had since I started the competition and now I am humbled. From rank 302, I dropped to 2875th.
Back to being slow and steady climb, some shortcuts really aren't worth it.
Stay disciplined friends!
Back to being slow and steady climb, some shortcuts really aren't worth it.
Stay disciplined friends!
I have always been a slow and steady trader. Every trading day to risk 10% of my portfolio gain that 1% and I stop.
At times I really want to try being high risk and get the adrenaline rush, so I have a chance to win, but I also realize maybe being slow and disciplined has its advantages as well.
At times I really want to try being high risk and get the adrenaline rush, so I have a chance to win, but I also realize maybe being slow and disciplined has its advantages as well.
5
Sometimes, not taking any position is a position as well.
As a small day trader, that risks 10% to 30% of my portfolio each trade. I prefer safety and stability.
Although slow, each day 0.5% to 1% small wins are manageable and stress free.
But still, I can't help but be jealous yet happy for the fellow competitors who go 100% invested, high risk high reward.
Small wins are still wins.
As a small day trader, that risks 10% to 30% of my portfolio each trade. I prefer safety and stability.
Although slow, each day 0.5% to 1% small wins are manageable and stress free.
But still, I can't help but be jealous yet happy for the fellow competitors who go 100% invested, high risk high reward.
Small wins are still wins.
3
$GameStop (GME.US)$
RoaringKitty never sold a single share. His call options are not excerised yet. So tomorrow he will be live streaming, if he were to exercise all the options and the stock price is already 50, it will cause a big explosion towards the hundreds? maybe thousands?
it feels like 2021 all over again, the same excitement, we closed at 47 and the next day all of us were shocked it was at 250 dollars during premarket. CNB CNN all major news on TV was showing GME.
History is repeating....
RoaringKitty never sold a single share. His call options are not excerised yet. So tomorrow he will be live streaming, if he were to exercise all the options and the stock price is already 50, it will cause a big explosion towards the hundreds? maybe thousands?
it feels like 2021 all over again, the same excitement, we closed at 47 and the next day all of us were shocked it was at 250 dollars during premarket. CNB CNN all major news on TV was showing GME.
History is repeating....
5
4
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