I remembered one famous local YouTuber pushing hard for Tesla to $1k + when the stock is already parabolic
Some Edmwers bought at $8xx+.
Coz they believed his conviction.
However the stock price tumbled down
And yet YouTuber is asking viewers to average more.
Problem 1.
YouTuber entry price is low. So even the stock price fall by half. It doesn’t hurt his profit margin.
Problem 2.
Not every retail investors have deep pockets like the YouTuber.
Problem 3.
Most retail investors doesn’t know how to size their positions. Usually they go in one big lump sum. And left little to average more.
A lot of YouTubers are pushing for their own agenda.
So viewers really to exercise some common sense before believing in the stock future.