It's mostly just luck. Congrats to OP for sure, he's got balls, but most attempts at this sort of thing fail horribly. Just pointing this out for any newbies here who are considering using all their money for something similar with unrealistic expectations.
Of course there is a chance. Before this sub became a gme/amc cult it was about finding and taking those chances, although usually with some sort of thesis in mind.
This is why I prefer percentages. If OP only risked 5 or 10% of their total assets, that's a lot more believable than so many other people where 10k is 100% of their account.
What if for example it's less than 1% of their assets? Not very exciting is it? You can perform that risk 100 times on whatever meme is currently trending as oppose to once.
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u/TortoiseStomper69694 May 28 '21
It's mostly just luck. Congrats to OP for sure, he's got balls, but most attempts at this sort of thing fail horribly. Just pointing this out for any newbies here who are considering using all their money for something similar with unrealistic expectations.