Hello everyone. I posted this high-risk trade yesterday and would like to make a few critical comments afterwards. This stock is only traded over the counter and only on one!!! small stock exchange. This entails immense risks, as such securities are NOT admitted to trading on the regulated market. There is always a risk of market manipulation. Liquidity is low and spreads can be very large as a result, which represents an additional risk. Companies are subject to very few information obligations. This can go very wrong and you won't be able to get out of the securities so quickly. I read the article in the Handelsblatt yesterday and wanted to see what would happen and was in less than half an hour later at a price of € 3.70. By the evening, the price had actually risen to € 6.40 at its peak. This morning
morning how the price initially remained stable at this level until a large trade pulled it down to €4.20. It then went up again and I exited shortly before midday at € 5.75. You can do well over 50% in 24 hours... I knew what I was letting myself in for and did it with money that I could get over in the event of a total loss. Gambles or trades should only ever be made with amounts that won't get you into trouble if they are gone. It went well this time, but next time I won't post it because of the potential risks.
Why am I texting you with this?
We have a really great community here with invaluable input. A lot of the suggestions for short term trades have been really top notch lately, a few I've been happy to copy with mostly success. Many thanks for that!!!
However, I also liked the post from @value_visionary_2935 Vegan about his experience with $BYND (-27,05%) and also made me think. Many young people who have not been investing for long see high profits quickly through such posts and feel encouraged to do the same. And if things don't work out, a lot of money is simply lost that is not needed for long-term wealth accumulation. Well, as long as the right lessons are learned, this is helpful. If a... this time it didn't work out, then the next time and the stake is increased to compensate for the losses already suffered... and it goes wrong again, the K.ac.ke is really steaming. Despite the fun of trading and sharing successes and losses, the latter tend to be ignored. Yes, everyone is responsible for their own actions and the market does indeed offer many opportunities at the moment if you know what you are doing. But there will be other times and then things can really backfire.
The often-used saying that the stock market is not a sprint but a marathon is no coincidence.
Think carefully about what you are getting into and don't be too greedy. If you want to gamble, set clear exit scenarios and limit possible downside losses. Yes, if I had stayed in then.... has no place in trading in my eyes. It's better to be satisfied with 20 or 30% and put the profit in relation to the apprentice's salary, for example. It is just as bad not to set an SL. Not too tight, of course, otherwise you'll be out sooner than you'd like. Define exactly the losses you are prepared to take and, if in doubt, live with them.
Otherwise, stop dreaming of getting rich quick, be humble and modest and be happy about small successes and moderate price increases over the next few years. In the end, you will have more than many others to fulfill one or two wishes or to look to the financial future in a more relaxed way.
Long-term wealth accumulation should be the goal at a young age, there are many valuable suggestions and examples here and people who share their approach with you, which you can include in your considerations in order to be successful.
And if Grandpa hasn't died, then he's still babbling on... but somehow I had to get it out of my system.
Maximum performance to us all
