Too many people treat trades as investments.
They’ll buy some trash stock with momentum and on hype, not knowing what they own.
They might have some quick short term profits, but they ignore the warning signs and keep holding.
Eventually their unrealized gains disappear, yet they still bag hold believing it will “come back.”
The serial diluter $GNUS was a perfect example of this last year. It rocketed from $1 to $10 on cartoon network hype.
People bought at 3, 4, 5, 6+ believing the hype. They held, not knowing what they owned and not taking profits.
It’s now back close to 1.
Trade the trash…don’t invest in it.
[…] would come back when it collapsed. They got sucked up into the story like many retail traders do. They began to invest in the trash rather than trading it. They didn’t listen to the more experienced traders. The same thing happened with GME and […]