$QBTS (+17,03%) is flying

$QBTS (+17,03%) 🐂🐂. I’m in it for the long haul!

unfortunately didn’t sell when it was up 290% but we all make mistakes. Still made a decent profit at least!

In November, I finally had the necessary income to afford higher-risk investments.

Until then, I only had index funds tracking the MSCI World or Emerging Markets. So I came up with the idea of looking for the next technology that could explode like #ai companies did.

It occurred to me to look for #quantum companies since it was a technology I had been following for many years.

I found the following:

• $RGTI 1º: 2,75 -> AVG: 8,36
• $QBTS (+17,03%) 1º: 3,11 -> AVG: 6,14
• $IONQ 1º: 30,77 -> AVG: 32,43
• $QUBT 1º: 6,80 -> AVG: 11,539

Seeing their prices starting to rise, I decided to buy a reasonable amount of shares.

Little did I know that days later, $GOOG would present its quantum chip, causing a #pumpstock of my shares, tripling their value on average.

Unfortunately, I continued buying during the rise, which increased my average price. The price then fell when the CEO of $NVDA (+4,94%) commented that quantum computing was still two decades away from being relevant. Luckily, I took advantage of the dip and bought more shares. Today, I am back in profit.

I have learned that it is not advisable to buy during such vertical rises and it is always better to wait for a correction. My goal is to hold these investments for the long term (3-5 years), if all goes well. However, I will keep a close eye on them to make sure none of them go bankrupt prematurely

Purchased $QBTS (+17,03%)

potential high returns for those who can time trade effectively (means long term)

"I’m not really an expert on quantum computing, but my understanding is that it’s still quite a ways off from being a truly practical paradigm..."

Mark Zuckerberg, Benzinga