RichifyMeClubb

7 Reasons why new stock participants (you) lose money: 1. You buy a stock that’s already run its course (overvalued) and is now topping (that’s when the stock gets most hyped, especially amongst WhatsApp groups and social media). 2. Everyone (friends, relatives & social media) tells you when to buy a stock but no one tells you when to exit and you get stuck. 3. You are not emotionally ready to accept the fact that small losses are a part of the stock market and cling to a broken stock in the hope that it recovers as it keeps falling. 4. You enter the market dreaming of all the riches that you could never afford, assuming that share market is a ‘get rich quick’ cheat code. 5. You watch ‘fake’ screenshots and ads of people on social media making crazy money from derivatives such as futures & options and want to do the same (the screenshots and ads are probably from people wanting to sell you a course or a telegram group subscription). 6. You actually see people around you in real life making money from the stock market and you enter the market in haste without proper planning. Money can be made from stocks but just like everything in life, it takes study and effort to learn. 7. You buy a stock with bad fundamentals which was pumped by operators (by cornering the float) and now needs to be dumped. If you can relate to any of the above points, I will write a simple but detailed post soon on how to avoid these pitfalls. Money can be made from the stock market, but just like any other thing in life, success in the market demands educating yourself properly and training your mind (psychology). Without proper education and mindset, you are just gambling and not investing/trading.