Had to ape for a chance to be the most profitable portfolio
In order to win in this paper portfolio challenge which is to create the most profitable portfolio with only 1 month of time in the market, that means I have to choose stock that is very volatile. Best is if there is a chance that an external event can happen that will send the share price to the moon e.g. an Elon Musk tweet could happen during this challenge period, or another gathering of apes pumping stonks to the moon.
With safer stock that doesn't have extremely high volatility, the price won't move much so it won't create extraordinary gains but it won't create extraordinary losses, as compared to those that are extremely volatile. So to win, it is to go big or go home .
Some choices are $GameStop(GME.US$, $AMC Entertainment(AMC.US$, but I choose $Tesla(TSLA.US$ as it has very high volatility and a highest chance for external events to happen that could pump the stock up. c'mon Elon just tweet a 5 for 1 stock split in June
Furthermore, I have to all in no matter what because diversification or creating a balance portfolio will help to reduce risk but it also reduces the potential upside. This challenge is not about creating a proper portfolio, cause proper portfolio probably won't win. So it is time to build a crazy portfolio .
In real life, with real money, I will never do this but for the sake of the challenge this is the strategy that would give me the highest probability of winning. Since losing the challenge, does not incur any real loss to me but if I'm lucky and I win, I win something real hahahahahaha so Tesla, let's go to the moon!!
With safer stock that doesn't have extremely high volatility, the price won't move much so it won't create extraordinary gains but it won't create extraordinary losses, as compared to those that are extremely volatile. So to win, it is to go big or go home .
Some choices are $GameStop(GME.US$, $AMC Entertainment(AMC.US$, but I choose $Tesla(TSLA.US$ as it has very high volatility and a highest chance for external events to happen that could pump the stock up. c'mon Elon just tweet a 5 for 1 stock split in June
Furthermore, I have to all in no matter what because diversification or creating a balance portfolio will help to reduce risk but it also reduces the potential upside. This challenge is not about creating a proper portfolio, cause proper portfolio probably won't win. So it is time to build a crazy portfolio .
In real life, with real money, I will never do this but for the sake of the challenge this is the strategy that would give me the highest probability of winning. Since losing the challenge, does not incur any real loss to me but if I'm lucky and I win, I win something real hahahahahaha so Tesla, let's go to the moon!!
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Milk The Cow : Good choice .
doctorpot1OP Milk The Cow: I need to find a good % gain to lock in profit to avoid any swings hahahaha
Milk The Cow doctorpot1OP: Yup , it's a very volatile stock & that's why can be good for short-term trading.
doctorpot1OP Milk The Cow: Yea, just one tweet or someone press the red button can reverse the direction a lot liao
Milk The Cow doctorpot1OP:
doctorpot1OP Milk The Cow: lol the tweet happened and the stock is down 10% -.- Elon ah Elon, tsk tsk tsk
Milk The Cow doctorpot1OP: Yar, cut job...
doctorpot1OP Milk The Cow: ya lor amd he spook the market saying recession coming maybe might really happen, hope not though hahahaha