During my hobby trading days (or my “young and foolish” days), besides using very rudimentary technical analysis, I would scour the Internet and try to hear from my other trading friends and acquaintances for tips, so that I could make a quick buck from the stock market. Sometimes I make, sometimes I lost and sometimes I would just break even.
When we received a tip while trading or investing, chances are that it will be met with positivity; who would not want a money-making opportunity, right? And with this euphoric thinking, most caution would be thrown into the wind and the rush to capitalise on the tip is very likely.
I believe some of us had been through what I had described above. Of course, after a while, I had realised how dumb it was to chase after non-guaranteed tips and leads.
Having said about how bad tips were, you ...
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