As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Wednesday, 3 February 2021

Real and Illusion Of Wealth In The Stock Market. It is selling that counts!

Book : It's when you sell that counts

CW8888 : GameStop is great example real and illusion of wealth in the stock market. Uncle8888 truly learnt the truth from this book in Nov 2008! It's when you sell that counts if you happen to buy them at good entries! All are equally critical, entries and exits and holding; but to optimize the profits is NEVER that easy!

Read? Reddit user who helped inspire GameStop mania says he lost $13 million on Tuesday, but is still holding on

Keith Gill, AKA Reddit’s DeepF------Value, apparently lost more than $13 million on Tuesday alone from his GameStop bet as the shares dropped 60%.

Despite the losses, the investor is holding onto 50,000 shares of GameStop as well as 500 call options in the brick-and-mortar video game retailer.

At GameStop’s record high last week, Gill’s total return in the name ballooned more than 2,000% to as much as $33 million, according to his Reddit posts.

Read? MARKETS GameStop short sellers are still not surrendering despite nearly $20 billion in losses this month








7 comments:

  1. Hi Uncle8888,

    When you sell that counts eh? Well I bet many have bought high & sold low in the past week! 🤣

    Some things you can buy & hold. And some things you gotta realise are simply pure random speculations.

    DFV is an excellent example of "when you sell that counts". 😉

    Still holding on eh? Sure, but he's already sold/closed 2500 call options & made his millions ($13.8m to be exact) and is now playing with "house money". Lol!

    You may say he's pushing his luck & risking the $8.3m still on the table. But he's probably figured he's already hit his FO number & having fun now is more fulfilling than collecting another million dollars. 😂

    ReplyDelete
  2. Of course but then B4 selling U must buy.

    To me buying is most important.

    U can even buy penny stock nobody wants yet make money if U know how.

    If U don't know, then buying the market's darlings U still can lose money.

    That's the price U buy is the price that determined whether U make or lose money in selling in the future, irregardless of everything being equal.

    ReplyDelete
    Replies
    1. For me not lies, after making quite a sum in those Bei Kambing's days, ii thought i was a genius and let warrants expired to the tune of about 20K.

      And the same with China Chit companies when they 1st IPOed in Singapore like hot cakes

      Again house money ma.

      This time also about 30 K.

      i still hold some of the companies till today.

      Anyone want me to prove, no problem but U must pay for my work of digging up past unpleasantness.

      Anyone want to pay?

      LOL.

      Delete
  3. This comment has been removed by the author.

    ReplyDelete
  4. U see above same posted once appears twice.
    ?

    ReplyDelete

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