There is always a popular saying that diamonds are a lady’s best friend(s). But there’s an investor, a phenomenal ‘’the diamonds’’ have been recorded to have been lucrative. This particular person’s identity is undisclosed.
However, in this article, I will be taking you through the power of conviction, calculated risk and timing, lessons to be learned, and a few other perks.
In January and April, an investor with an unwavering belief bought a total of 90.23 million $GME shares for $53,500. Within the long term when these shares were held it skyrocketed in value, currently holding a cool price of $2.86 million- a hooping 52x return on investment.
The Power of Conviction of $GME
What actually fueled Investor success is conviction. He had clearly believed in what GameStop could offer, even when the price wasn’t at its best. His strong belief made him hold his shares for a longer duration, resisting the urge to sell when the market fluctuated.
Risk and Timing:
We all know that risk is an event that occurs unexpectedly, it is very important to weigh a project in terms of the risk associated with it before venturing into it. But in this case, he purchased $GME when it was relatively low. This wasn’t simply blind luck. Understanding such factors and identifying them is crucial for any investor making an informed decision.
Lessons to gain for aspiring investors
This story teaches so many things, aspiring investors must take note of. A few are listed below;
Before buying any stock whether $GME or any other, it is advisable to conduct thorough research on the company, it’s financials and market as well.
Don’t just follow trends blindly. Create a well-defined investment strategy that matches your ris tolerance and whanot.
The stock market is volatile, so be prepared for ups and downs that are likely to occur in $GME, when the market is fluctuating. Diversification is important also. Do not place all your eggs in one basket, separate or spread your investment to various investment opportunities to mitigate and manage risks that may occur in the long run
While in the possession of stocks like $GME, that are promising, knowing when to sell off and take out profits is crucial.
A very important lesson to take note of is, do not put all your eggs in one basket, separate or spread all your investment to various investment opportunities to mitigate risk(s) that may occur in the long run.
While in possession of stocks like $GME, coins that are promising. Knowing when to sell them off is very important.
Conclusively, always prioritize diversification and risk management when investing in the stock market. Never invest more than you can afford to lose, and be cautious of get-rich-quick schemes or unsolicited investment advice.
Additionally, stay informed about market trends and economic conditions, but avoid making emotional or impulsive decisions based on short-term market volatility.
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