Read? Following someone investing idea? (2)
"When you see your favourite blogger bought something e.g. a few bunches of banana and that doesn't mean it is a good time for you to buy a few banana too.
Your favourite blogger may be a 800 pounds Gorilla sitting on high level of cash and gobbling up a few bunches of banana here and there is not going to cause any problem.
But, to a small Monkey on low cash level is different. Just eating up one bunch of banana may cause indigestion if got it wrong. In the stock market, small Monkey can't behave like giant Gorilla."
Real happening in ex-famous cbox where most of the monkeys in that cbox were feeling down due to lack of bullets to hoot more in 2009. This Gorilla-cboxer kept buying and buying. When the market and economy finally recovered; he showed us his 6 digits passive income! LOL!
Uncle8888 personally learnt this real life lesson about investing in the stock market on the ground! LOL!
Read? Does Your Account Size Matter? - Part 3