Robinhood is an example of don’t follow the hype when buying stocks understand the actual company. Especially when a company is new on the stock market.
A year ago today, $HOOD was valued at its highest of ≈ $83/share.. Today it is valued at a whopping $9.10/share. With all the bad news surrounding their Crypto division, layoffs, and more, the future seem a little uncertain. However, buying in at $9/share is a much better move than buying at the high.
Coinbase is another GREAT EXAMPLE. Came in April 2021 at $360/share (overvalued) now at $67/share