Everybody wants a 10X stock. Almost nobody can sit through the plummet that comes first! $PLTR: 87% drop (2021–22) $AMZN: ~90–95% drop (1999–2001) $NFLX: 82% drop (2011–12) $TSLA: 65–75% drop (2021–23) $NVDA: ~66% drop (2021–22) $CVNA: 99% drop (2021–22) The 10X happens after most people have already sold. Volatility is the price of admission.
The 100x was made in the dips you sold. Why do so many people fixate on daily price swings when a stock is already in a long-term uptrend and its fundamentals keep improving every quarter and every year? U.S. stock market history makes the cost of that habit clear. Over the past 2 decades, several major technology companies delivered more than 100x: $NVDA: roughly 500x $NFLX: roughly 275x $AMZN: roughly 150–160x $AAPL: from about $2.30 to around $325, or roughly 140x on price and about 150x with dividends reinvested $GOOGL and $MSFT still compounded powerfully over that stretch — closer to 25–35x — but the true 100-baggers were the names people kept selling because they “looked expensive” or had dropped 30–40% that year. If you simply trade in and out, you are likely to miss the parabolic part of the move. I don’t trade in and out because my goal is to create wealth, not to make pocket money! I keep dollar-cost averaging, and I add more when institutions are willing to offer huge discounts — usually 2 times a year — and when retail fear is at its peak! @cantonmeow @sheslee @tonylee80 @Jimmy_tesla_01