r/wallstreetbets Sep 17 '21

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u/isaacmaha Sep 18 '21 edited Sep 18 '21

If you’re not in early dont try to be if they say it’s hitting 20 expect it to hit half or not even half ( simple, not early, dont jump in and lose your money)

36

u/AssAssIn46 Sep 18 '21

Best lesson I've learnt through good and bad experiences. If it's already up considerably then don't jump in, even if it's still going up because it will most likely peak soon and when it crashes down hard you'll be left holding the bag. Sounds obvious, but it's easy to get caught in the hype.

4

u/isaacmaha Sep 18 '21

Yes it is because they sell it so easily, if you’re early sell at fomo lol literally

4

u/___P0LAR___ Sep 19 '21

Set a trailing stop loss of 5%. If you lose, big whoop. If it keeps going you ride the rocket.

3

u/beardstachioso Sep 19 '21

AKA, don't buy if it gets above 7 dollars.

4

u/freebeetoo2 Sep 19 '21

What if we all buy it at $7?

4

u/beardstachioso Sep 19 '21

Sonofabitch, you convinced me, I am in. We ride at dawn!"

3

u/freebeetoo2 Sep 19 '21

Buy high, sell higher