If everyone used stop losses, they wouldn't work for anyone. You need someone else to buy your share for you to sell. There has to be a bag holder.

When engaging in options trading, startup investments, penny stocks, and other Black Swan strategies, you can be in a situation where you most all your money 90% of the time, but 10% of the investments have a 100x return. If you pursue this risky strategy, you need to be able to hold on in the face of volatility and sky-high gains.

I wouldn't recommend this strategy to anyone who doesn't have Vulcan-level discipline over their emotions, but it is a valid investment strategy.

I agree, but from FTA someone took out a 12% loan and got in at $234. The price ended up closing around $360 a day or two later representing a 50% increase - considering the person took out a loan, seemed like a no brainer to me. ymmv

re: 50% gain, why not use a trailing stop loss at that point? If I'm trading/investing it's to make money so I want as much as I can get.

I agree in general but GME was highly volatile and execution is not guaranteed with a trailing stop loss, I think in general you're correct but I was talking about the anecdotes specifically in FTA.