Its more of an educated guess type of play. You believe in the companys vision, they start hitting milestones and stock goes up. But the key thing is to manage your risk, because for the past few years asstits was slowly going down to a bottom of 2$, so unless you continued holding and dca you only just recently broke even. Alooot of asstits bagholders who bought in at 20 or 12 and sold at 6 or 2. Theres a well known bagholder who bought roughly 450k at the 10-12 peak in 2021 and due to the stock slowly going down, he gave into the FUD (from his friends and family telling him he wasted his money and to just sell) and sold at like 3$ per share realizing his loss. If he held onto it rn, he would have 1.5 million...., so for every gain posts you see like this. Dont forget the fallen men.
that's why you don't tell anyone and you hold if you have conviction. the random people you mention it to won't have done the same DD you did to provide you with the conviction to buy and hold.
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u/Mayonnaiserific Aug 17 '24
Its more of an educated guess type of play. You believe in the companys vision, they start hitting milestones and stock goes up. But the key thing is to manage your risk, because for the past few years asstits was slowly going down to a bottom of 2$, so unless you continued holding and dca you only just recently broke even. Alooot of asstits bagholders who bought in at 20 or 12 and sold at 6 or 2. Theres a well known bagholder who bought roughly 450k at the 10-12 peak in 2021 and due to the stock slowly going down, he gave into the FUD (from his friends and family telling him he wasted his money and to just sell) and sold at like 3$ per share realizing his loss. If he held onto it rn, he would have 1.5 million...., so for every gain posts you see like this. Dont forget the fallen men.