My NO.1 Trading Rule
Never buy a stock that is fundamentally weak, to the extent it goes Chapter 11, that is when all your money are gone.
The real life story was that when I was totally new in stocks and a "smart" friend whose "intelligence" I trusted put forward (shared) an intelligent report that the investment gurus are as good as a chimpanzee when it comes to selecting stocks.
What followed was that I had many stocks that were delisted, in succession, throughout a period, losing money.
The report was very misleading because it presumed that the gurus and the chimpanzee each selected a stock, and trade it within a short period to determine success or failure. In all, my being naive was to be blamed.
The real life story was that when I was totally new in stocks and a "smart" friend whose "intelligence" I trusted put forward (shared) an intelligent report that the investment gurus are as good as a chimpanzee when it comes to selecting stocks.
What followed was that I had many stocks that were delisted, in succession, throughout a period, losing money.
The report was very misleading because it presumed that the gurus and the chimpanzee each selected a stock, and trade it within a short period to determine success or failure. In all, my being naive was to be blamed.
The worst was that this smart friend had never traded stocks in his whole life, yet he talked like he was a pro.
That's life. Part of learning curve.
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CanTay : never trust someone who claim they are unless you see them yourself that was my take I had the same experience years ago. later my fiend disappear too after loosing all the fund.
LiTestla : can teach us how to read fundamental solid stock?