The best way to invest in meme stock is buy the dip and hodl $AMC Entertainment(AMC)$ and wait for the short squeeze once the entire market turns bullish.
Why HomeDepot pounded while Costco in record high?
In recent days, the performance of companies in the super-sector of US stock retailers is eye-catching,$Costco(COST)$,$Wal-Mart(WMT)$,$Macy's(M)$,$Target(TGT)$,$Dollar General(DG)$,$Dollar Tree(DLTR)$ all of them are outperformed the market, and some hit record highs. Our article at the beginning of last month High Inflation? Top Retail Dealers for Watch has revealedseveral points: 1. High inflation makes price increases a matter of course. As the last link of retail, Shangchao can eat more price differences; 2. The pressure o
Shorter timeframe, confluence of signals. Use fibonacci analysis, support/resistance and strickly buy on uptrend. Harder to make profit on downtrend than uptrend.
Meme stocks may be hot but they can (and do) burn investors too... So have to really benimble to know when to enter and exit. If you really have the risk appetite.And the toughest part is knowing when to exit [Glance] Hence I just stay away from them[Speechless]
Generally there is no full proof method in any investment. Apart from timing the entry point, it's important to apportion your total investment wisely for meme stocks. Consider options which is considerably safe but yield lesser returns. Ultimately, do not speculate meme using margins, it could potentially burn a big hole in your pocket / portfolio. Happy investing!