$Bed Bath & Beyond(BBBY)$will be presenting its all-important turnaround strategy today, in an attempt to instil market confidence on its growth prospects as it struggles with slowing sales and debt repayments.

The home goods retailer will need to convince investors on its efforts to regain customers and retain existing ones. At the same time, its suppliers have to be assured of the company's ability to continue operations as a going concern, before they would want to continue supplying to the retailer.

Its stock price has gone through a roller coaster ride for the past few months, between rocketing to the moon and crashing back to earth time and again.

It is a good stock for momentum trading if one is able to identify the entry and exit signals and catch the right waves, but disastrous for novice investors joining the party late and jumping onto the bandwagon unprepared for the consequences and ending up holding the balls when the music suddenly ends.

I would rather leave the roller coaster rides to the brave hearts, and watch whether the company is able to execute a successful turnarounds before making any investment in it.

I may miss the boat, but as the legendary investor Warren Buffett had advised: "Rule Number One: Never Lose Money. Rule Number Two: Never Forget Rule Number One".

Hence, be sure to perform your due diligence before putting your hard-earned money into any investment, and don't fall into the traps of herd mentality and FOMO.

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