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What Investment mistakes you made that you want others to avoid?
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<blockquote data-quote="Tracer_Bullet" data-source="post: 2466090" data-attributes="member: 102285"><p>Yes for most people - trading without tested method - it is gambling. It is possible to trade profitably, but it is not how people generally imagine it to be. Edges exist, and using them is not gambling just as professional card players are not gambling.</p><p></p><p></p><p>Easy to gamble by investing in stocks too. One may call it investing, and in a bull market it may even work - but real test will happen when things go against you. 'Invest' in microcaps to get multibagger returns and one will probably fall prey to pump and dump. Buy on dips and keep averaging a falling stock and it may work for a while until a stock that goes to 0 takes you out or erases large part of returns.</p><p>Basically, just like trading, you need a tested method for investing too and proper risk management, and will have to stick by it through ups and downs.</p><p></p><p>Anyway, enough from me.</p></blockquote><p></p>
[QUOTE="Tracer_Bullet, post: 2466090, member: 102285"] Yes for most people - trading without tested method - it is gambling. It is possible to trade profitably, but it is not how people generally imagine it to be. Edges exist, and using them is not gambling just as professional card players are not gambling. Easy to gamble by investing in stocks too. One may call it investing, and in a bull market it may even work - but real test will happen when things go against you. 'Invest' in microcaps to get multibagger returns and one will probably fall prey to pump and dump. Buy on dips and keep averaging a falling stock and it may work for a while until a stock that goes to 0 takes you out or erases large part of returns. Basically, just like trading, you need a tested method for investing too and proper risk management, and will have to stick by it through ups and downs. Anyway, enough from me. [/QUOTE]
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What Investment mistakes you made that you want others to avoid?
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