"You just buy a lot of speculative stocks and then wait to see which ones explode"
This is not a secret. This is a carefully constructed and actively managed strategy. My portfolio consists of a concentrated core, surrounded by numerous small speculative positions
• Losers that don't perform are eventually cut
• Winners are allowed to keep winning, until they potentially become large positions themselves
This is the time-tested path to multi-bagging. It is not a scheme. It just takes the sort of diligence and patience and conviction (and ability to sit on your hands through volatility) that most people simply do not have.
In fact, most of what are "core positions" for me now, BEGAN as small speculative positions that went on to multibag. Over time, the results speak for themselves.
People in my comments act like they are unraveling my secrets when they see my gains. GOOD! I hope you are learning! 😂