I am on this counter since my first trade post here
I have my research done, study the charts and have done a risk/reward analysis on my own. How about you ? Are you chasing stocks like some of these retail investors here ? I am not sure what will be the eventual verdict but it is highly unlikely the retail investors are going to win, imo.
Brokerage firms have all sorts of disclaimers often written in lengthy and small prints to protect themselves so we OWE ourselves this duty to do our own due diligence. Read more about Gamestop here. The 2330 hour candle is way too scary with many shortists wanting to bring this stock down and they succeeded. And the last players who continued to chase the stock , thinking the game has not stopped yet will suffer the most losses.
In another separate portfolio, I have also invested in several ETFs (here, here, here and here (just to name a few )
In ETFs, what I like is the analysis and companies or sectors have been carefully selected by the professional managers with good track records and you simply ride on the trend. A much lazier method but nevertheless still offering me good yields thus far.
Perhaps, the younger investors are more risk takers these days and have more capital on hand to play the market unlike my time where I had to work several part time jobs to save for it. But due to my greed and ignorance, I blindly followed the crowd and got drawn into the illusionary fanciful world of fastest returns in shortest possible time. Oh yes ! It does happen and I can tell you the feeling is incredible. You didn't want it to stop (not what you are thinking ,haha) and would jump onto the next hottest stock (just like Gamestop and AMC Entertainment) and before you know it, you are in for a nice tumble.
It hit so hard, so fast that you could not even stop and cry about it. It is that devastating.......I swear I would never go back to those days again.......and Praise God for he is merciful and he did turn me around. I have not look back since and hope through my story, sharing, trade posts here , 1 on 1 coaching, etc , I could inspire more people to trade and invest properly and make some decent gains at the end of the day.
Let's stick to going Long great companies like this one! What a turnaround BIDU has had in the past few months!