The race to 10 MM

Discussion in 'Trading' started by Pekelo, Jun 8, 2021.

  1. VicBee

    VicBee

    I'm only a couple of years into trading and my observation is that when stock prices stopped correlating to fundamentals is when trading became a gamble.
    Aspirational value can mean anything and drive prices up or down in a flash. I made a small fortune on Tesla because I believed in the story, not because its valuation made sense. The same can be said of GME or AMC or crypto, NFTs, etc. The trading market has democratized to include gambler and gamers, anyone with a few extra dollars in their pockets and time to spend on YouTube to learn trading from.
    Choice is to dismiss the trend and fear doomsday or figure out how to profit from the trend while it lasts or until you pull the plug to do other things with your life. I like option 2.
     
    #51     Dec 16, 2021
  2. Pekelo

    Pekelo

  3. #53     Dec 28, 2021
  4. Pekelo

    Pekelo

    I didn't follow him that closely, but I think he did say he got lucky on a few of those plays...
     
    #54     Dec 29, 2021
  5. Pekelo

    Pekelo