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What’s the biggest mistake I can make as a stock trader?
In my experience, the biggest mistake stock traders make is that, they have no idea how to evaluate a stock. The reason most retail investors lose money is because they don’t understand the fundamentals of what they’re investing in. People spend more time researching the purchase of a new car than tRead more
In my experience, the biggest mistake stock traders make is that, they have no idea how to evaluate a stock. The reason most retail investors lose money is because they don’t understand the fundamentals of what they’re investing in. People spend more time researching the purchase of a new car than they do putting the same amount of money or even more into buying stocks. They buy shares in firms whose names they recognize, brands they like, or dubious stock tips they saw on TV or read about online. They chase investing trends and “hot stocks” because they have a fear of missing out. In a real sense, they are gambling: placing their bets and hoping the stock goes up with no real sense of why it would or wouldn’t.
See lessInstead of “picking a stock” and trying to figure out if it is a good investment, investors need to think “top down”, starting with the economy, industry sector, companies with in the sector, and then the company’s outlook. Stocks don’t exist in their own little bubble: They are part of a dynamic ecosystem, and influenced by many different inputs.
How common is it to meet a very intelligent person suffering from mental illness?
Those with very high IQ, tend to be very passionate people, which could increase anxiety in certain environments. To be smarter, sharper, more aware of your environment and absorb more information, good at problem solving, deep thinking, attention to detail and hyperfocus requires a level of sensitiRead more
Those with very high IQ, tend to be very passionate people, which could increase anxiety in certain environments. To be smarter, sharper, more aware of your environment and absorb more information, good at problem solving, deep thinking, attention to detail and hyperfocus requires a level of sensitivity that can keep them so passionate. This might explain why those with higher IQs get overwhelmed with too many options or too much input and may be sensitive to some stimuli and burn out easily. Being more sensitive and feeling things deeply, could make someone more predisposed to mental illness if they encounter a stressful or traumatic experience. Being more sensitive may make the illness feel more intense or more difficult to overcome.
See lessThose with higher IQs may also be so aware of what they don’t know and regard themselves as much less intelligent than they actually are and may have lower self-esteem because of this. This is known as the Dunning Kruger effect; where someone with less ability to expand on their knowledge, may feel fulfilled more easily and therefore more confident and satisfied that they know everything they need to know.
Having a higher IQ also makes one absorb more information, meaning that (depending on environmental circumstances), the person may be too aware of the the problems in the world or the consequences or possibility of failure and may fear stepping out of their comfort zone in order to grow. They may be perfectionists and stubborn about trying something that isn’t guaranteed success or the desired outcome. Having a higher IQ may also improve memory, which may increase this reluctancy due to past failures or unpleasant experiences.
Those with higher IQs often have difficulty in social environments due to their out of the box characteristics and may struggle to relate with peers. They may tend to avoid socialising often or have few friends, which may increase feelings of loneliness which may lead to depression.