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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: wilywilly who wrote (336444)	1/29/2021 10:15:28 AM
From: Sun Tzu	1 Recommendation Recommended By pocotrader Respond to of 361708

If you had put $10k in GME at its lows about 6 months ago, you'd have about $2Mil in the premarket yesterday. This would be great timing, but no trading; just the buy and hold. In practice, if you are a YOLO trader, you'd use your daily or weekly profits to buy more. I am not saying that the claim is true. It likely isn't because very few people have the stomach to swing that kind of position. But it is possible. When I was much younger than today, as a single young man starting to trade, I once turned $8k into over $200k in only a few weeks. My mom heard about some of the daily swings in my positions and told me to stop messing around. Your daily loss is more than most people make in a year, she said. And she was right. But I answered her, "if I thought like you, it would never be so much money in the first place" YOLO is a state of mind. Make it big or die trying.