LogFAQs > #950793760

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TopicStock Topic 22
Colegreen_c12
02/18/21 12:43:03 PM
#83:


@Sunroof I feel like this should be obvious but i'm going to say it anyways since I feel like this is the main thing you need to learn.

You should not be investing more than a small percentage of your money in stuff that you do not understand. Just because someone in this topic is bullish on something, which they may or may not have good reason for, unless you personally understand why and agree with it you should not be putting tens of thousands of dollars in it.

Two reasons for this:
  • To make sure you personally agree with the bullish sentiment. If they can't convince you you probably shouldnt be buying
  • To give you the confidence you need to hold the company even if it goes down. If you don't know anything about a stock and it dips 50% you might want to just bail. If you you are confident its worth more you would buy more. It's a powerful thing

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DPOblivion beat us all.
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