Read? Investing Made Simple by Uncle8888 (3)
How did Uncle8888 come into the stock market?
During Uncle8888 time, the easiest way to invest in stocks was through IPOs. There were no shortages of them. Sometime it could be more than one IPO in a month. This was how Uncle8888 got started in the stock market.
To tikam for IPOs, he would check with his colleagues. If there were more colleagues interested in them, he would try for them too. If Uncle8888 was lucky to kena these IPOs; he would try to sell them a few days later for quick profits. But, if Uncle8888 got stuck with his IPOs; he quickly consoled himself that he was a LONG-TERM INVESTOR to collect passive income and not to worry.
Probably, that was the general behaviour of some retail investors who were happy to make some coffee money here and there.
BTW, are you not behaving the same way as Uncle8888 in ......