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!
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.
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Hi Uncle8888,
ReplyDeleteWhen 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. 😂
Ha ha! Yeap! It is fun playing with House Money and won't feel like losing money!
ReplyDeleteRead? House Money Effect Bias : The Little Lie We Tell Ourselves. It Helps To Calm Our Investing Mind Across Market Cycles
Strange!
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