TL;DR

One person’s ’lucky’ stock pick is another’s cautionary tale. Ignoring market realities and chasing trends is a recipe for disaster, not riches.

Story

John’s ’luck’ with Nvidia (NVDA) stock isn’t luck—it’s survivorship bias. We only hear from the winners, not the countless who lost betting on meme stocks or blindly following gurus.

The image shows a long-term NVDA hold, implying huge gains. But this ignores market realities:

‣ Survivorship Bias: Focusing on successes while ignoring failures creates a distorted view of reality. Like seeing lottery winners but not the millions who bought losing tickets. ‣ Market Volatility: Stock prices fluctuate wildly. Past performance doesn’t guarantee future returns. Think of 2008 or the dot-com crash—fortunes vanished overnight.

Holding NVDA long-term requires ignoring gut-wrenching dips. This isn’t ‘diamond hands,’ it’s often just blind faith. While John celebrates, others likely panicked and sold low, locking in losses. Don’t mistake luck for skill.

This story isn’t about financial savvy; it’s about psychological resilience (or recklessness). Real investing is about due diligence, diversification, and risk management—not chasing viral trends. John’s mom might be happy now, but market cycles always turn. What goes up…

Advice

Don’t chase viral stocks. Focus on fundamentals, diversify, and manage risk. No one gets rich overnight without taking insane gambles.

Source

https://www.reddit.com/r/wallstreetbets/comments/1iqic7l/did_i_get_lucky/