r/investing Apr 22, 12:51 PM
I'm sharing a position that has made a 440% profit. I'm sharing a position that has made a 440% profit. I bought PLTR at its IPO price of $10 .But in fact, this stock has made me much more money than that. Over the past two years, I have been using the wheel strategy and have entered and exited this stock countless times on a monthly or longer-term basis. Even my HSA account has PLTR. Why do I dare to hold such a large position in this stock with an absurdly high P/E ratio? It's because I am very confident in its business model, and the financial reports of the past few quarters have repeatedly verified and even exceeded my expectations. However, Reddit is a rather impetuous platform. My last detailed article analyzing PLTR was not read by many people. Instead, a casual post about a 2% position in NFLX CC attracted a bunch of novices with a sense of superiority to comment. So sometimes, it's not the fault of those who make money for not sharing the real stuff. Can you even take in the real stuff when it's shared? And do you have the execution ability after you take it in?
Personally, I seldom engage in trading based on short-term stock price predictions. However, at the beginning of my previous PLTR article, I explained why I was bullish before the Q1 earnings report. Since I wrote that article, the stock has risen by over 7%. But being bullish in the short term doesn't mean I'm going to buy short-term calls. Even if I'm 95% certain it will rise, I don't want to take the risk of losing everything with a 5% probability.
Having said so much, the main point I want to convey is to advise everyone to focus on researching strategies that can ensure stable profits. Otherwise, no matter how much you earn, you won't be able to tell whether it's due to luck or your ability. Additionally, only invest in stocks that you understand.
submitted by /u/yeetmcqueen00
[link] [comments]