LogFAQs > #950635276

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Topic	Stock Topic 21
Sunroof 02/14/21 3:24:58 PM #391:	GameStonk posted... Risking $30k to make $3k (minus 35% after taxes) is pretty idiotic. That is like sports betting on a heavy favorite every week. My advice would be to stop doing that and start picking companies you want to hold for an extended period of time. I disagree. Hes not risking $30k at all because its not going to stop to $0. In fact, he gained 10% on two days which is very good. We get spoiled with meme stocks but putting those aside, this was a great gain. Obviously, it could have gone south (and by that I mean a loss of like 10% max) but Im assuming Nanis picked a company he researched at least a little bit. <cite>Sunroof posted [p:950635276] in Stock Topi... [t:79286456]...</cite> <quote>GameStonk posted... </cite> <quote>Risking $30k to make $3k (minus 35% after taxes) is pretty idiotic. That is like sports betting on a heavy favorite every week. My advice would be to stop doing that and start picking companies you want to hold for an extended period of time.</quote> I disagree. Hes not risking $30k at all because its not going to stop to $0. In fact, he gained 10% on two days which is very good. We get spoiled with meme stocks but putting those aside, this was a great gain. Obviously, it could have gone south (and by that I mean a loss of like 10% max) but Im assuming Nanis picked a company he researched at least a little bit. </quote> ... Copied to Clipboard!
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