Lesson No. 1: STAY DIVERSIFIED
Is your money at stake?? Published: February 21, 2021 | | | | | | Imagine waking up and checking your phone for my latest trade alert, and then placing a quick Sweet Spot trade…
All we have to do is wait for the stock to enter the Sweet Spot, and exit when it hits our price target… and boom, collect our profits like it's nothing.
It's simple, straightforward and as easy as it gets. |
| | Start Here | | | | | Lance Ippolito | Lance is a professional trader and a successful entrepreneur with over 10 years of experience in the financial markets. | | | | | What We Can Learn From the GameStop Craze |  | | | I just wanted to send out another newsletter sharing my CNN Business commentary from Thursday. I discussed everything we can learn after the GameStop stonk phenomenon hit Wall Street.
While GME's price may still be up more than 140% higher than analysts predicted for 2021, GameStop's share price has already fallen 90% from its all-time high of $483.
I've mentioned that investors are likely searching for the next GameStop Corp. (NYSE: GME) to short squeeze to get their next hit. (I'm looking at you, silver and Bitcoin.)
And when they find it, they'll be left with tunnel vision, all their eggs in one basket and an account in the red.
The mindset with investing should be how much can I lose, not how much can I win. You're not playing a slot machine.
You don't go to Las Vegas with $10,000 thinking you're going to leave with $50,000.
That's the type of mindset you're seeing from some of these amatuer investors — and the reason you should always keep your investments diversified.
Check out my commentary on CNN Business and let me know what you think (or if you have any questions) in an email to editorial@wealthpress.com! | | |
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