But like ya been saying all along. People can’t really predict any of this. The way some get rich off this is cuz they had larger money to play with and got “lucky”. I wish honestly I got into this type of stuff 10 years ago but it’s a start now and ten years later I’m hoping to have 6 figures off this shyt at least. I will be straight with that. I saw somebody on YouTube doing there portfolio from scratch for 100,000. I would be good with that. I think I need to learn throwing 200, 300 every pay check into something might not be a bad idea if there is some type of dip... I came into this automatically trying to turn 1k into 5k in like less than a year.. I’m bugging.
let's put it this way. warren buffet has like yearly ROI of 20%, which is really, really good.
turning 1k into 5k is
500% ROI. long-term investment implies you have some capital to invest. don't invest (or gamble) rent money. if this was relatively easy, don't you think everyone would be doing this ?
depends on whether you want to invest long term or gamble trade and make profits off gains. gamble trading is like gambling with limited information. and most of the time, you aren't going to be having that information to make informed decisions. so you just sheep it out and follow some analyst. sometimes you hit the red and sometimes you hit the black.
penny stock trading is gambling with clear negative EV....unless youre somehow really, really, really good with timing and sniffing out early pumps. or are in cahoots with the pumpers (in which case you have FTC to worry about). make a lot of money on a lucky swing or lose everything when youre dumped on... which will be more often than not because of how pyramids work and the fact that by the time an average person with no connections hears about a pump, they're on the wrong side of the pyramid.
