Fear of Missing Out: Buying when prices rise
| # | Name | Performance 7 days | bought in this wikifolio, among others |
| 1 | 340,2% | ||
| 2 | 5,5% | ||
| 3 | 8,9% | ||
| 4 | 8,2% | ||
| 5 | 16,4% |
Last week, one topic dominated the financial community: "Wallstreetbets" and their fight against the short sellers. Not surprisingly, this was also reflected in the buying behavior of wikifolio traders. The "Fear of Missing Out" – FOMO for short – led traders to buy the stock. Trader Paul Pleus is part of that group. (
Buying the Dip: Buys when prices fall
| # | Name | Performance 7 days | bought in this wikifolio, among others |
| 1 | -6,2% | ||
| 2 | -21,7% | ||
| 3 | -6,1% | ||
| 4 | -10,1% | ||
| 5 | -41,3% |
The "buying the dip" trading motive is evident when traders buy falling stocks in the hope of a bottoming out – in other words, the imminent turnaround. This category of the weekly review is dominated by Wallstreetbets as well. The stock was another target of the Reddit community. The stock shot up from just over EUR 3.5 at the beginning of the week to over EUR 5.5, only to fall back to just above the initial level by the weekend.
Taking Profit: Selling when prices are rising
| # | Name | Performance 7 days | sold in this wikifolio, among others |
| 1 | 15,3% | ||
| 2 | 9,4% | ||
| 3 | 5,4% | ||
| 4 | 13,4% | ||
| 5 | 17,8% |
Last week, wikifolio traders took profits primarily with . The stock of this Polish games manufacturer recorded a gain of around 15 percent in the past seven trading days. Dirk Althaus (
Jumping the Ship: Selling when prices are falling
| # | Name | Performance 7 days | sold in this wikifolio, among others |
| 1 | -10,9% | ||
| 2 | -6,2% | ||
| 3 | -19,0% | ||
| 4 | -13,3% | ||
| 5 | -7,3% |
Selling when prices are falling – this is what characterizes the "Jumping the Ship" category. Last week, this fate befell the stock of the German wind turbine manufacturer . However, sales were observed not only with Nordex, but with the entire category of green tech stocks. Considering also that the stock was trading at an annual high prior to the losses, it can probably be confidently argued that this is a normal correction rather than a hasty abandonment of a sinking ship.
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