re: Bought into a sinking ship stock

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like $1000 and I’d prefer not to lose it, but if so, lessons learned.

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turned a $40 investment into $380 and sold it… it spiked back down shortly after.

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Anyone can do this once or twice. No one can make a career out of it.
The lesson to learn:
Get rich slow, and diversify.
High risk, high reward. 9x winnings and 1x losses probably feel about the same. You can continue to research and trade. You’ll have some more wins. You’ll have some more losses. And if you enjoy doing that, by all means, go for it.


But the best financial strategy (and least sexy, more boring) is to stick with broader based investments that won’t grow as fast or lose as much.