What is YOLO Stock & Crypto Trading?
What Does YOLO Mean in Investing?
YOLO stands for “You Only Live Once” and represents an aggressive mindset when it comes to stock & crypto trading.
YOLO investors seek out extremely high upside opportunities that can 10x to 1000x their money in a relatively short period of time.
We’re not talking about buying a slow moving dividend stock like Walmart (WMT) or investing in an index fund.
I wrote a list of the best YOLO stocks to buy right now if you’re interested in seeing a few examples.
Characteristics of Yolo Investments
Generally, a YOLO investment has some or all of the following traits:
- High social media buzz
- Risky Nature
- Low share or coin price when compared to larger companies/cryptocurrencies
- 10x to 1,000x upside opportunity
Most YOLO investments are backed by a massive social media following on sites such as Reddit. There could be millions of retail traders buying up the stock or crypto to send it to the moon.
