People bought $GME at premarket $500. last month and held
Why? Who knows why FOMA kicked in? but some did
They are down 90%+ and will never get there money back.
Same thing can happen with Bitcoin. It may never have a purpose as a currency and people who got in late get Burned
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I bought at 70$ and sold at 60$. I wish I had have held over the weekend instead of cutting my loss at $1000.. oh well
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Don’t worry about it because we can’t win them all. Only thing we can do when we lose $ is reflect on WHY our trade failed. Did you have a tradeplan? Did you act upon on your emotions? Remember « If you fail to plan, you are planning to fail » B.Franklin
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Or it may be a future currency and those who didn’t get in are shit out of luck.
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The $GME movement gave a lot of people the wrong impression on trading. I see them all the time. They think buying on the spike and holding while drive the price up. Which is true with a mass movement. In reality you buy the dip and sell the peak. Not the other way around.
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