<div class="bbWrapper"><blockquote data-attributes="member: 41415" data-quote="ZF Lee" data-source="post: 925972"
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Same here!<br />
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Now after I joined r/bursabets (my country's local version of r/WSB), I'm even getting Reddit PMs from strangers asking me whether their stock picks were good, or whether they should hold or cut-loss or whatever.<br />
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And when I look into the companies they picked...I just see shitty companies bleeding cash with horrible profit retention-not to mention industries I never like buying into (like chemicals) and entries right when the chart shows an obvious downtrend.<br />
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And I haven't even gotten into the financials yet to check inner details like cashflow...<br />
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Some of them even bought call warrants on those loser companies...and the gearing was eating them alive.<br />
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Most folks are better off using their cash to fund small businesses or dump it into a mutual fund (Slowlane, but better than YOLO), rather than throwing $$$ into a travesty that needs oodles of research they won't do.<br />
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On the bright side, at least we'll have some loss porn to see on WSB.<br />
It was painful to keep seeing GME gains all day long.<br />
At least you can learn a few lessons from loss porn (typically).<br />
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I'm keen to see more SLV posts though. Those who followed the Agora newsletter cartel's calls to get silver MONTHS before this are gonna eat good today.<br />
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Fellow Shark Tank partner Kevin O'Leary also had some nuggets to drop:<br />
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https://www.cnbc.com/2021/02/02/kevin-oleary-advice-on-gamestop-frenzy.html
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Namely:<br />
-Hedge your bets<br />
-day trading is NOT investing (duh)<br />
-Don't risk your nest egg (can also apply even for funding Fastlane businesses)<br />
-Set money aside for retirement<br />
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Unfortunately, that article starts pimping Slowlane mutual funds and indices as a 'safer' alternative to stock-picking-so I can't help but imagine how f*cking confused people will feel when they see the GME travesty on one end, yet see conventional finance pimping their wares on the other end.
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</blockquote>Honestly, investing/trading is totally not my field at all. I make my cash/revenue in other ways, I opened up a broker account a couple days ago and got 150 shares at 250 dollars. First trade ever, biggest gamble off my life completely bought into the hype and lost all rationale. Contemplating whether I should cut my losses or keep holding the more I am reading, the more I realise what kind of shit show it is. I read too much of the “it won’t happen again ever” and just lost rationale, geeze I’ve made big mistakes but this has to top all of them. We live and learn.</div>
