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Taking tips
Everyone, especially as of late, is looking for the next big score.
The advent of investing apps and low to no commissions has flooded the market with people wanting to make a quick profit.
Profit is not bad and tips are not bad. Inherently
It is only when desire for profit leads to blind tip taking
The mind will then start to create a reason for the tip. False support for the action.
It’s a drug. It’s exciting. IT’S GAMBLING.
Research is golden.
Like I said before, tips aren’t inherently bad. Blindly taking them is.
If in your research or educational journey, someone you follow shares insight on an opportunity or shares their watchlist….RESEARCH
Why? If you take Bob’s tip to buy or sell, now you’re trading/investing based on Bob’s style. Which means if Bob isn’t there, what do you do?
Similarly, if you’re trading based on a discord group, Facebook group, or a Motley Fool type service..what happens when you don’t have them.
What if Bob didn’t even research but instead got a tip from someone else. Now you’ve gotten a tip from a tip. Who was the original source and what did they see? What was their reason for telling Bob?
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