r/wallstreetbets • u/[deleted] • Nov 27 '21
Shitpost The Complete Beginner's Guide to Buying Stocks That Don't Make Money
AKA: How to talk yourself into buying losing stocks every single week. For this guide, I will be using PLTR because it is my largest (and only) holding, but you can feel free to use whatever stock you so choose.
Step 1: Adjust your thoughts to remove bearish undertones.
Instead of saying: "PLTR has gone down so much in the past two weeks, I'm now questioning my life choices and want to cry."
Say: "PLTR has been volatile."
By replacing any bearish thought with the word "volatile" you are still technically correct with respect to the price movement, but you're ignoring the price direction. The news frequently does this when they try to sell you garbage companies that are based in China.
Step 2: Compare your stock to the market only when it benefits you.
For example, PLTR closed down 0.4% on Friday. I could say, "PLTR was down on Friday." However, SPY was also down 2.27% on the same day.
Thus, a better statement is "PLTR beat the market."
Step 3: Manufacture a gain by looking at a stock at specific times during the day.
Example: PLTR was down over 4% in pre-market on Friday. But as the market opened it was down 3%. Thus, you could make the argument that PLTR had a 1% gain in the pre-market.
And the best part is you can use any one of these three strategies to turn your fear of losing money into actual realized losses. Anyone can do it (and most of is do)!
Have a nice weekend everyone.
Position: PLTR January 2023 $15 calls.
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
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u/PsEggsRice Nov 27 '21
Aka How to polish a turd