Lot's of hype still with DWAC.
My story: I bought DWACW (the warrants) before the market opened at $1.90 per share. I bought 10,000 for a total price of $19k. I bought through a Roth retirement account. Two days later we are driving to see my grandson and watching the market and DWAC is going crazy. For a brief moment my $19k investment was worth over $650k!!! TODAY the stock is trading at a 70% discount to it's recent high. You might be thinking "I bet you WISH that you had sold at the TOP?" But here are my thoughts: -who says that is the top? This stock has only been trading for 3 days. -The company is only an "idea" but it is a great idea and it has been in the making for a while with one of the greatest business minds in our lifetime. -I believe in the business and I believe in the movement. I believe that this company will be part of the plan for getting our country back. What an awesome time to be alive and have the opportunity to be a part! -I am NOT a trader, I am an Investor! There is a HUGE difference. -I plan to HOLD through the merger, through all the upcoming news cycles, through the ups and downs, and though all the negative fake news and posts. -My regret is not that I didn't sell on the run-up. My regret is that I didn't buy more when I got in - but if it keeps going lower I may add to my position. -Even though it is volatile at the moment I have MORE faith in the future of this company than I have even in the S&P right now. (If we don't get our country back the market is screwed in my opinion!) -My stock value may go to ZERO or it may go to $5M. -SURE I want it to rise, but I will have no regrets for investing into Trump Media if it doesn't. -I have always wanted to get a 100 bagger in the stock market - this might be the one?! -If it does go to $5M maybe then I will take some profit off the table. Until then I am HOLDING!
Any one else doing the same?
Got any step-by-step process advice for normie frens like me that have literally zero stock experience? Not financial advice, just "Do X, Y, Z, then HODL."
X- My advice open a Roth account at any brokerage (Etrade, Ally Bank, Fidelity, etc.... Y- fund the ROTH ($6K max contribution per year) Z- Invest in what you believe will increase and grow in value (S&P, DOW, DWAC....)
HODL (that means don't mess with it or panic when it goes down or party when it goes up. Just Hold!)
This is just what i did and is NOT financial advice because you can loose money. (or it can go to the moon too; )
I greatly appreciate it, fren!