The day you hit mega fold jackpots with at least x4 biotech companies you will be at par with me and you will be settled for life. Any further gains would be cherry on the cake to be sold tax free here in Malta provided i do not trade in shares.
Until you experience such gains then you remain a “village investor”. Enjoy the breadcrumbs if that’s what makes you accomplished.
Pigs get slaughtered and biotech investing comes with excruciating pain. Losses are part of the game and inevitable. But those that weather the tsunamis could be in for windfalls beyond their wildest dreams should the biotech company they hold on to succeeds.