Blind Buys Won't Guarantee 2–3x — Expect Large Drawdowns
I translated the original suggestion: “just buy blindly, a few hundred or thousand dollars will keep doubling or tripling.” I disagree with that blanket advice and I would not recommend buying indiscriminately.
I believe the claim ignores timing risk, selection bias and the high probability of drawdowns; occasional 2x–3x outcomes happen but they are not a reliable strategy and rely heavily on luck.
I would instead limit any speculative allocation to very small sizes, use stops or clear exit rules, and do basic research before committing funds.
Analysis
Recommendation
I rate this approach as risky: avoid blanket buys, keep speculative stakes very small, diversify, and use clear risk controls (stop-losses, position limits) or skip the trade if you lack a thesis.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.