Have you ever tried an investment strategy that was highly recommended, yet decided to quit once you started losing money?
I know I have.
A buddy of mine who used to work at a hedge fund was preaching to me about his insane portfolio with super star stocks. For some reason I thought it would be cool to go along and invest in the same stocks as he did. And so I did.
When I bought in, it happened to be a good entry point as the market was going up almost everyday. With stocks like Sea and Tesla, there were days when the portfolio surged 4% in a single day!
However as markets became highly overbought, a huge red day soon followed. I panicked and cashed out shortly after that. Overall, I stuck with the portfolio for three short weeks. While it was an exciting experience, never again would I invest in a strategy that I had no confidence in....