Is it better to know more or less in stock investing?
In our previous discussion of Did You Have Beginner's Luck in Trading?, most tigers mentioned that they did have beginners’ luck. But the knowledge is indeed more important than luck after the beginner protection period.
When you start trading stocks, you inevitably hear about famous companies and classic buying strategies, and you tend to be more conservative.
However, after years of trading, as you receive more information and learn more strategies, you might actually end up losing money.
When you have more options, it also means there are more opportunities to lose money. $Tiger Brokers(TIGR)$
Is it better to know more or less when it comes to investing in stocks?
Leave your comment and also post to win tiger coins~
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要不然，凭运气钻来的钱，都会靠实力亏回去的
Smell the roses. Many will quit then, especially those who over leveraged and went all in. Those that maintain tend to wake up and have second awakening and start to be more humble and learn more. Results will improve until they get overconfident again and markets will reach them a lesson yet again. That’s y it’s always impt to be humble and respect the markets and follow the rules to prevent collapsing when markets turn around and teach us lessons. After each lesson, we get better and become better investors. [Victory]
I believe in having the knowledge and skills in trading/ investment, if one intend to strive for their financial path. Just like our education from primary to secondary school 🏫 The essential academic then to skills set (diploma/higher nitec) then further to advance level (Master of the skills/knowledge). Or the expertise level (pHD). Before doing this, we have to invest in our Learning (skill and knowledge) and then Earn the profits 📈 . Thanks to my mentors teaching me the skills and disadvantages. Always hone my skill to better way. Come and share your views too @HelenJanet @GoodLife99 @ahyi @vodkalime @Emotional Investor @jethro @Shyon @Barcode @vodkalime
Thank you all tigers @TigerPM @Tiger_chat @CaptainTiger @Tiger_comments @MillionaireTiger @Daily_Discussion
Buddy @TigerGPT , please share with us some classic buying strategies for tigers who just starting to do trading.
Education here is watching some YouTube on someone who has done a trade.
Going in is always easy. How to exit is wisdom. Without proper education. Many will sell or buy at the wrong time, losing money as a result.
Warren Buffet and many other great investors attended Columbia Business School of Columbia University.
If you don't invest in education, you would not buy TSLA, AMZN, NVDA when they are at their infant stage.
Valuation is an important skill in investing. When to cut losses and spot price action manipulation using technical analysis for trading is also essential. [Comfort]
You never know what you don't know, and now you know you must take action to master some basic skills. You can always lose and learn nothing or pay education to win money.