StocksToTrade's video: What Traders Need to Know About Trading Meme Stocks
@What Traders Need to Know About Trading Meme Stocks
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Diamond hands 💎🤲 … Together apes are strong 🦍 … To the moon 🚀🌙 … If you haven’t heard of meme stocks, you must be living under a rock. These stocks can be awesome and make trading even more fun. Why should you care? Tune in as Tim Bohen breaks it down.
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There’s never been a more exciting time to get into the market. There’s a ton of opportunity. Even more so lately with so many uninformed and uneducated traders trying to get a piece of the pie.
So you’ve got to focus!
Take a look at the chart and breakdown on GameStop Corp. (NYSE: GME). In just a few months it went from $4 to about $400.
Too many traders jumped in without a plan. Then they sat on unrealized gains because they believed the memes. Too many believed in long-term potential.
While it seems like anything’s possible in this market, it’s important to have realistic expectations and goals. Always have a trade plan and set your risks and stops.
The beauty of liquid stocks is it’s possible to trade in and out of them. There’s no reason to be a bag holder.
If you’re not making a plan or sticking to it … If you’re not disciplined in your trading … Well, you’re not actually trading. That’s just holding and hoping.
And that’s not a strategy. It’s gambling — and a fast way to potentially blow up your account.
It’s OK to love the memes! The action is incredible. But remember, this is real money and real trading. Things can go down just as quickly as they can go up.
Take it seriously and practice good trading habits daily.
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
This video was published on 2021-02-10 23:30:26 GMT by @StocksToTrade on Youtube.
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Overall the views for this video was lower than the average for the profile.StocksToTrade #StockMarket#Trading#MemeStocks
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*Tim has been used frequently in this Post.
StocksToTrade's video: What Traders Need to Know About Trading Meme Stocks
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