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Anonymous
Any advice for trading GME, AMC, SNDL, KOSS stocks?
Hi, I have around USD10k in Tiger Brokers, I intend to trade stocks like GameStop, AMC, Sundial Growers and Koss, my intention to trade for a day and cash out the profits if it grows. I do know that it is very risky and the fundamentals are bad. Any advice?
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Zac
30 Jan 2021
Noob at Idiots Invest
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My advice is to trade the amount you are comfortable with losing. Bear in mind the certain biasness you may have as well after seeing these stocks go up astronomical amounts everyday. In terms of trading, enter your position with clear price targets in mind and resist being greedy. I feel the psychological aspect is the most important when trading.
Additionally, do keep in mind if you plan to use a stop loss, there is a possibility it does not get filled if the price gaps down/drops rapidly. This is a high risk due to the volatility of these stocks.
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Chris
30 Jan 2021
Owner and Writer at Tortoisemoney.com
If you know the risk and you won't be devastated if you lose the USD10k, then by all means. Set a li...
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Investing.
Trading.
Speculating.
Gambling.
Each comes with its attendant benefits and pitfalls.
Know which one you're attempting. Reap the consequences accordingly.