One of the single biggest mistakes individual stock investors make is holding on to a stock too long because they've convinced themselves the stock is a "good" stock or that it's going to do big things....simply for no other reason than because they bought it and convince themselves they're right. [Reply]
Originally Posted by Hammock Parties:
There's no reason for anyone to buy from an online Gamestop platform. Steam and Origin already dominate that market.
Gamestop is ****ed.
Steam really annoys the crap out of me. I'd be all in for a better solution. Haven't tried Origin. Does it work on macs? [Reply]
Originally Posted by MTG#10:
Lots of speculation but a few insiders have revealed plans to turn stores into esport tournament hosting sites among other things. .
oh you mean a significantly unique and rich in-person experience? [Reply]
Originally Posted by rydogg58:
I'm not good at it. I proved that to myself last year. I'm not upset that I've lost about 15% of my portfolio, I'm mad that I didn't have the self control to say no. This shit is like the casino. I'm going to see where these last 20 shares of GME go tomorrow, then I'm done with this shit.
One last spin of the roulette wheel then I'm done I swear. [Reply]
I learned my lesson with a Datek online trading account in January of 2000. We had been married two years and were saving up to buy our first home. We had $30,000 saved up. "everyone" was making a killing on tech stocks.
I put $10,000 into an account. (hey honey it's only 1/3 of our savings) bought NVDA, YHOO, CNET, HD, and a few others.
If you look at the stock Market crash of January 2000 I opened my account like two days before that day it started crashing.
I also started moving money around lot. This is back when you woke up at 6am turned on your computer and Nescape "dialed in" to the internet with that screechy computer sound in the modem before you were connected.
My buddy gave me a "sick tip" on ELOT -- an online lottery company that used to be a telephone conference hardware company. I put most in there at $1.50 a share because it was "for sure going to hit $10 or more once the regulations for online lotteries opened up."
Nope.
Three years later I had 3,000 shares worth less than a penny a share. Selling them wasn't even enough to cover the $9.99 transaction fee.
I called Datek and asked them if they could just accept the sale amount as the fee. They said "Oh yeah we do this all the time"
Closed the account. Mutual funds and 401K ever since.
until this year.
I'm still doing OK since moving some bond money into a brokerage account in September, Long plays. I will be OK but damned if I'm going to repeat 2000 with the meme stocks or SPACS. [Reply]
Originally Posted by lewdog:
One of the single biggest mistakes individual stock investors make is holding on to a stock too long because they've convinced themselves the stock is a "good" stock or that it's going to do big things....simply for no other reason than because they bought it and convince themselves they're right.
What you're failing to comprehend is not everyone has the same goals as you. I'm not in this for safe, meager gains. I'm not in this to supplement my income. The stock market is a casino to me, but with better odds in my opinion. I play to win big...the money I put in is play money. [Reply]
