The Real Will Always Be Separated From The Fakes
Nowadays everyone’s trying to be someone, but how much of it is actually authentic. In this day and age it’s rare to find people who are genuinely authentic in what they do.
For instance, a few weeks ago the number of stock investors exploded but a lot of these ‘investors’ had no clue what was going on. Everywhere you looked people were telling you to buy into a mission you knew nothing about. Buy $AMC stocks, buy $NOK stocks, buy $BB stocks. Why? ‘errrr, I dunno but I did and I’ve made some money’. Seems legit right, so why not? Now you’ve bought into something you know nothing about. As if that wasn’t bad enough, you start spreading the word and when you’re asked why, you can’t even give a reasonable explanation.
You didn’t take responsibility to do any research into what was going on. The term short squeeze means nothing to you. Take loss, take profits, leverage, bulls, bears, some of the simplest terms in the world of trading/investing are all foreign to you. All you understand is that green is good and red is bad, so you start praying that you see a lot of green, basically like gambling.
At the end of the day the dust always settles. It’s okay to admit that you don’t know about something, the chances are the person selling it to you doesn’t either. So be real with yourself, don’t just jump on a bandwagon without knowing where it’s going at least. The slightest bit of research could save you a lot more than you think.
Despite everything that’s been said, serious investors have been born out of this Wall Street heist. Individuals that initially saw an opportunity to make a quick buck ended up seeing it as an escape. They have put in real work and time to learn what trading is really about and how they can use it to improve their lives. Unfortunately, this isn’t the case for many, so going forward let’s protect ourselves before entering unfamiliar territory.