RULE No 1:
1. The Morning Thread / Afternoon Thread is the MOST dangerous place on Hot Copper ( No offense rampers) hahaha - Unless you are wanting to simply scan for idea's or just soak in "how the game is played". I have found that the best place to gain knowledge is in the Aftermarket thread and the weekend thread. Many helpful and kind posters here
I have learned so much from many great traders here (including newbies) and it has been a great asset to the wealth of my knowledge
Don't just buy a stock because somebody with 20 thousand posts or 20 "likes" says it is going to the moon... You will get burnt 99% of the time... Your misery makes them profits hehehe...
Just because someone says its going to the moon, shows a picture of a Jet / rocket and tells you to hold overnight because it's going to gap up in the morning, doesn't mean it will... And most likely it won't! I have a spreadsheet of hundreds of posters bad advice
that I have compiled over the past few months ...
The peoples advice on here that I respect can be counted with my fingers (does that make sense?)... So I only trust less than 10 people here, and even with their advice, I still conduct my own research... DYOR means Do Your Own Research, rather than take everything you read at face value. ONLY WE ARE RESPONSIBLE FOR OUR OWN MONEY AND INVESTMENT DECISIONS...
For some of us (and most newbies), coming up with a few $K is not easy and the money earned has been through hard work and sweat... To simply throw your hard earned money away based on something someone said on HC, BIG STUPID MISTAKE!!!
2. Remember, 90% of stocks mentioned here are RUBBISH !! Only good for a day trade or ST trade, and that's all... Remember, we are making money off speculation, not quality bluechips!!
advice for newbies.pdfMaybe this PDF can help.. A compilation of some of the best posts that have helped me on my Investment / Trading journey...
Cari
