"haha sound advice mate, I see a poster with <300 posts telling us how amazing a stock is, I smile and keep reading, havnt seen many posts recommending stocks by someone with 1000> posts"
If I might add something regarding posters with x amount of posts, x amount of likes or x amount of UPVOTES, Please be wary of this
Somebody with 20,000 posts could just simply be someone who posts a damn lot without any valuable content ... (I won't mention any names)
I.e, DTers in the Day Thread ...
Somebody with 20,000
Upvotes (even 1 upvote is hard to get),could convince a whole forum to buy a particular stock ... And because they have 20k upvotes (Great Analysis), people think they can be trusted... But let me tell you, If you look at certain stock threads where such posters have provided "great analysis" and sounded convincing through their research, let me tell you that it did not end well for most of their followers... Many people lost alot of money, particularly in stocks like CXZ (just one example) ...
There are some pretty sad true stories of people who lost everything which should serve as a reminder to never play with money you can't afford to lose, and to do YOUR OWN research ... Just because some poster has a hotcopper love heart (and an amazing record of picking multiple 300-500% stocks) and 20k Upvotes, it doesn't mean their research is accurate and your money is safe!! Simply, just a reminder not to let people/posters cloud your judgement no matter how good you think they are ... In stock threads, most posters talk up there own stock & make it sound like a good thing and this can mess with your head a little
Whether it be on this thread, the DT morning and afternoon thread, or in stock threads, be careful whose advice you follow.... Dont just look at number of posts and likes and upvotes etc... VERY DANGEROUS....
I have been here almost a year, and I can count on my fingers the number of people I trust ... And they do not have many posts or upvotes... It is usually the silent ones that are the best traders in my opinion (but not always) ...
Good luck in your trading journey, and please just be careful... Please read that PDF I posted, and in particular, I suggest soaking in stuff said by people such as Elite Trader, Slick, Juliarr and our dearly beloved V
These are NO BS posters and wonderul human beings who have been dearly blessed by the Market Gods and on occasion are willing to share / guide us newbies
