Read the following. Do you really think you can make money by buying stocks reco

Read the following. Do you really think you can make money by buying stocks recommended by YouTubers that the public enjoys watching? Why don't you think "NVIDIA" is? It's better to have that information shot the other way around, just like me.

[Book scrap]

I decided to subscribe to an economic magazine because I thought I would need professional help as long as I decided to invest. I thought I should follow the professional recommendations of articles in economic journals because they are what experts say, and I should no longer buy with the unusual information that beginners or strangers like me say. And I thought I would surely succeed if I followed their skilled and thoughtful advice.

There were quite a few reliable business magazines in New York, but the Canadian ones I saw later only contained articles encouraging transactions. However, I was very pleased to see these business magazines. It was because stock investment seemed very urgent and easy. The articles I read at the time said this.

  "This stock needs to be bought before it's too late."
  "Buy everything at your disposal."
  "If your broker is against buying, fire the broker."
  "This stock will yield more than 100% return."

Of course, I regarded all of these articles as true and very urgent information. I was convinced that this information was much more reliable than the odd information I got from the restaurant. I read these promotional articles diligently. The articles were always full of words that seemed to help others. One of the articles said this.

"Only a very small number of people will have a fantastic investment opportunity that will deliver the biggest success ever for Canadian securities."

"While Wall Street's big hands are trying to buy into our company's stock, we're only interested in the involvement of legitimate investors like you."

They knew exactly what level I was at. I was a small investor who deserved sympathy because I was left behind by a big Wall Street hand. But rather than for that reason, I should have felt sympathy for the fact that I was stupid.

I rushed to the phone to buy the stock they recommended. But those stocks always went down. I couldn't understand the situation, but I didn't worry about it at all. And I kept thinking it would go up this time, but it never happened.

I didn't know at the time, but I was caught in the biggest trap that small investors fall into, which was that I didn't have the ability to choose when to invest.

One of the most mysterious phenomena that beginners experience once they have invested money is this problem. It wasn't until several years later that the time to urge small investors to buy with these articles was already when experts knew it was time to buy internal information and then sell it.

Small investors enter the market as soon as people with internal information withdraw from the market. However, it was already over. They always buy stocks too late and do not have the funds to support the ridiculously high prices that experts sold.

I know this now, but at the time, I couldn't figure out why the stock price was moving so much. I thought I wasn't very lucky because the stock price would fall if I just bought it. In hindsight, I had no choice but to lose money at this time.

If I invested $100, I lost $20 or $30 at once. But some stocks went up in price, so I was relatively happy. Even when I had to go to New York, I would call a broker in Toronto to place an order.

It's... it's... it's... it's... it's...

It was a strange and crazy time, but I began to feel like an investment expert myself at the time. I was proud of myself for trading with the advice of more educated people rather than rumors around me. I thought I had found the source of the information because I was listening to the advice of a Canadian stockbroker and subscribing to a stock magazine. I also tried to meet successful businessmen more often in places like cocktail lounges, but they used to tell me about promising companies like oil refineries.

They would quietly share stories about uranium being mined in Alaska or the development of a remarkable development plan in Quebec City. All of those things seemed to guarantee that if I invest now, I will make a lot of money in the future. So I invested in the stocks I knew, but I didn't make a single penny.

I made $2.5 million from stock investments, Nicholas Davies