Amazon.com Widgets

Stock Tips – The Butcher of the Pigs and Sheep.

Yes, I was a pig. Greed over came me and I took a tip without even doing the slightest fundamental or technical analysis. Tips can be useful but they should be taken with a grain of salt. When the red flags start flying don’t trust others trust your own experience. For instance, my online broker account gave the day of the earnings announcement for the stock. I had bought options that would expire before then. Why didn’t I sell if I was playing the earnings? I let the tipsters talk me into believing it would be earlier. The book Trading for a Living by Dr. Alexander Elder told me the same advice I’m sharing with you. But did I listen? Nope. It is so easy to get swept up in the feeling of security from the tipster. You feel the easy money coming and greed overtakes you. I’ve learned from this and I hope that this post helps you stiffen your resolve to scrutinize a tip heavily before acting on it.

Comments are closed.