Do your research don’t be a herd

As a human we have a tendency of following others in everything we do, however as a trader no matter how good an advice you might have received from a friend or a peer you should always do your own due diligence and research before investing. People are in market with only one reason and that is to earn money and make profit hence it is equally important to make your choices wisely, so that you don’t get trapped.
Example: You went to a brokerage house, saw everyone sitting and talking about that penny stock which has been hitting upper circuit since last ten days. Someone from outside comes in and says buy this stock it will double in one week, So as an investor or trader it is important that you don’t blindly buy that stock instead you should check the fundamentals and technicals before investing.

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