People tend to follow the herd. It’s human nature to think that if the majority is doing something, then it must be the right thing to do. But the reality is that there’s usually no good reason to follow others.
This crowd, or mob, mentality is one of the reasons market bubbles form. Everyone gets excited about a stock or an industry, the media starts talking about it and prices skyrocket. We don’t want to miss out, so we jump on the bandwagon just as prices are peaking.
It can work the other way, too. When a market starts to fall, the crowd sells everything because it’s worried about heavy losses. We panic and follow suit, guaranteeing our loss.
@CL Wong @MeowKitty @Derrick_1234 join me
[Surprise 5] Send Away Poor Spirits and Sweep Away Investment Traps!
@TigerEvents：
On the third day of the lunar new year, "sending away the poor spirits" is a traditional custom. People throw away the garbage accumulated on the first and second days, clean up the house, and set off firecrackers. This signifies getting rid of poverty and bad things, bidding farewell to poverty and bad luck. In our investments, how can we send away poor spirits and avoid investment traps? Here are a few methods. Have you used any of these in your investments? Understand yourself and set clear investment goals, including risk tolerance. Diversify your investment portfolio to reduce overall risk. Set cooling-off periods to prevent overtrading. ... May the poor spirits stay away from your home this year, and may you have a prosperous year ahead!" 📢How to Participate Leave a comment below! Tag your friends to join the event! What tips do you recommend to avoid investment traps? 🎁Event Rewards All Tigers who leave a comment in this post will receive 10 Tiger Coins. Popular Tiger: One Tiger will receive a $10 stock voucher with the most popular and discussed comment. (Invite your friends to take part.) Lucky Tiger: We will randomly select 5 lucky Tigers to reward them a $5 stock voucher. ⏰Event Duration 12 February 2024 - 18 February 2024 $Tiger Brokers(TIGR)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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