RE: Who is this Expatbrat person?26 May 2023 13:50
"....80% of traders lose money and trading is about people, so follow the crowd and do the opposite...."
I think there is a nugget of pure wisdom here :-D Of course it must be a wee bit more subtle than just doing the exact opposite thing as the crowd at all times. But still, if most people are by and large losing money, then doing the same thing as most people certainly ain't going to cut it as a strategy - not on average and over extended time.
I guess things are a bit more complicated when it comes to early stage companies. But with established names, at least, buying after there has been some massive selling is very likely to make nice money - especially if one is prepared to add to the position if the SP falls further, and (crucially) is prepared to be patient and hold on for a long time, if necessary.