Dave Portnoy, Barstool Sports founder, admitted he lost $ 700,000 in stock trading on Sept. 8, highlighting the importance of “strong hands”.
“You can’t have weak hands to steal a sentence from my crypto friends”, Portnoy said in one Video Twitter posted on September 8th. “If you have weak hands this game is not for you.”
The term “weak hands” refers to someone who sells their trading or investment position out of fear after (or during) a price decline. Shares have been down sharply lately, including today as Portnoy boasted of the strength of his hands.
“Do you see my hands shaking?” Portnoy said. “I’ve lost 700 grand” added. “I love it because it was too easy to trample on the suits”, He said of his proclaimed success over conventional funding.
Contrary to what you said about having strong hands for stocks, Portnoy showed something else during his brief foray into the crypto room. Portnoy left Bitcoin after losing $ 25,000 in the facility. In response to the Barstool founder’s Bitcoin exit One Twitter user said, “How do you hold a pizza with those weak hands?”
To be fair The controversial trader expressed satisfaction with his stock trading and left BTC due to his lack of knowledge of the asset. along with the lack of time, I wanted to learn about trading cryptocurrencies.