Daydreaming realized by daytrading?
I just need to turn $105 in $25k so I don’t have to go back to work.
How to make my money increase by 2000 times in stock market?
There are some crazy or real suggestions:
Buy far OTM $SPDR S&P 500 ETF Trust(SPY)$ calls on 0DTE
Buy 30k tomato seeds for 105$. Grow 30k tomato’s and sell for 1$ a piece.
Buy calls like $Splunk(SPLK)$
What’s your advice?
Leave your comments and repost to win tiger coins!
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🌟🌟🌟One of the most prominent examples of High Risk High Reward kind of stock is $VinFast Auto(VFS)$ . It would a bonanza if an astute trader bought it at the IPO price of USD 22 and sold it at its all time high of USD 93. However since then the champagne bubble had popped and VinFast has since dropped to USD 8.50.
The day dream has come to an abrupt ending and investors who bought and held the stock till now have become bagholders.
The morale of the story - Don't chase Fast and Furious kind of stocks like VinFast.
@Tiger_comments
🌟🌟🌟It is nice to daydream being a millionaire overnight. But the reality is investing is not a get rich overnight kind of thing. If it is the world would be filled with millionaire wannabes.
However it is important to have dreams for the future, a goal that would anchor us and an action plan to achieve that goal. Success is 99% perspiration and only 1% inspiration.
Warren Buffett did not achieve his billionaire status overnight but through his belief in buying wonderful companies at fair price and holding them long term, he allows the magic of compounding happen.
Jensen Huang, CEO of Nvidia did not become a billionaire overnight. It took him 24 years to build Nvidia from its IPO in 1999 to a Trillion dollar company this year. Nvidia's share price is up 240% in 1 year because he laid the foundation in the early years.
So daydream all we can, but it is having that vision, the passion, the drive and the energy to plan and work towards the goal to be successful is what differentiates the winners from the losers.
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