MOST of you guys are actually weak souls, and only talk positive about a stock when its price is increasing and trash it when the price is decreasing via /r/wallstreetbets #stocks #wallstreetbets #investing


MOST of you guys are actually weak souls, and only talk positive about a stock when its price is increasing and trash it when the price is decreasing

The title should be enough to explain what I am trying to convey.

Yes, there may be reasons for a stock’s decline. So if it is declining, we should inspect with care for the reason, but the market is irrational and so are you guys, you guys lose your mind (most, not all) and immediately turn your opinion about the stock when it starts on a tear.

I remember seeing all those bear posts in 2019 about Alphabet. It declined a bit and you all were trashing it saying it is a shit company (not just a shit stock). “I use adblocker and use all those Google services for free, everyone I know is doing the same. I don’t know how they will even make money.”, “Google is irrelevant, they haven’t innovated a single product worth using”, ” I stopped using Google search”.

The same narrative was prevalent about AMD a few years ago and is currently prevalent about INTC.

Even though, I have no position in GME and think that most of the GME retards will lose money (I played GME around 2020 and January 2021, and after that I exited my positions), I still see the same thing about GME for example. Whenever the stock jumps, everyone suddenly becomes more bullish and when the stock dives, everyone suddenly becomes pessimistic, when the opposite should have happened (though I think anyone holding GME at this valuation is most likely an actual retard based on balance of probability).

Currently, I see a similar sentiment around companies like Meta, Paypal for example.

The same goes for Nvidia. Even though I think that Nvidia valuation is a little insane (Nvidia cannot produce 3 times more FCF than INTC in the long run, that’s what I think), whenever it dives, you guys say, “No one can even buy their product, shit company”, when it jumps, “No one can even buy their product, mega bullish”.

The only exception is probs Apple and Tesla.

Why did I write such a long rant?

I finally understood the 2 main reasons why 90% retail traders lose money. 1. They make bad plays. Mr Captain Obvious. 2. They become fearful when they should be greedy…

So, TL;DR: if you actually think something is good, buy when it’s mega down and sell only when you think you have an absolutely amazing play (don’t just sell out of winners to chase something you are not even sure of, because most gains come from a handful of right plays).

Submitted February 12, 2022 at 04:17AM by potatoandbiscuit
via reddit https://ift.tt/COFXPNJ