Newsletter Subject
The Meme Stock Mindset
From
wallstwarrior.com
Email Address
editor@wallstwarrior.com
Sent On
Thu, Aug 18, 2022 08:15 PM
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Wall Street Warrior Presents ➡ ➡ ➡ The stock market moves with massive potential to m
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Wall Street Warrior Presents â¡ â¡ â¡ The stock market moves with massive potential to mint millionaires. Thatâs probably why weâre so obsessed with it. Outlier stories that tell of millions in profits over a few days or weeks are enough to inspire traders year after year. The most recent example is a college student that bet on Bed Bath & Beyond Inc. (NASDAQ: BBBY). He made $110 million. But thereâs more to the story than unreal profits ⦠he bought 5 million shares. Which must have cost around $25 million. So this guy and his family were loaded to begin with. There are definitely opportunities to profit when it comes to meme stocks. But the mindset is everything. Donât let stories like this push you into bad trades. For example, he already sold all his shares. The pump onBBBY lost a lot of steam ⦠Every trader is different. They all start with different amounts, they trade different strategies, and 90% of them lose. And most likely, this kid probably didnât time the trade perfectly. He probably left some on the table. The key to profiting is experience and discipline. Experience: weâve gotta be able to recognize the best patterns as they set up. The more stocks we watch, the better we get. Discipline: weâve gotta cut losses if the pattern fails. And weâve gotta take profits when it works. Donât get greedy! If youâre just starting out ⦠or up until now you traded without a plan, try to focus on one at a time. Itâll be a lot less overwhelming. Need help finding a pattern? This trader attributes millions in profits to a single pattern. Here it is. More Factory Shutdowns in China Chinaâs second quarter of 2022 was less than stellar. The growth of Gross Domestic Product (GDP) took a sharp dive to 0.4%. Hereâs a chart ⦠And future growth doesnât look too good either. More factories are shutting down, and this time itâs not because of COVID ⦠Hereâs the full story. The marketâs been on a rebound lately. But itâs always good to keep our expectations in check. And this story strengthens Goldman Sachsâ advice we covered yesterday. Itâs crucial we understand the market environment. It helps us find hot sectors/catalysts. And that helps us find hot stocks. Guardian Financial Publishing 3571 Far West Blvd Austin, TX 78731 test This email was sent to {EMAIL}. Don't want to receive these emails anymore?Unsubscribe Privacy Policy | Terms | Risk Disclosure
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