These are a few simple mistakes people make when investing their money.
Sometimes a hot trend can go on for a long time...
There are no guarantees though.
You do not want to be that person "changing lanes" at the wrong time. It is not profitable.
Following tips might work a few times...
But it does not work over the long term.
You need a method to find investment ideas, not tips.
Relying on random tips is not an investment strategy.
An investment must show good profit potential...
But there are other things to consider.
Sometimes the risk is just too high, or it would take a long time to realize the profit.
What would you do if something goes wrong?
When would you take the profits, or cut the losses?You need a plan... and it must be detailed enough.
Otherwise, you would be leaving too much to chance.
People believe they can handle risk well... when they can not.
Whenever prices start falling, people panic because they took "too much risk" for their ability.
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