The Fundamentals of Trading Stocks - #2
Be different than the crowd. Groupthink is detrimental to human beings, in all factors of life. The late Earl Nightingale pointed out how the six major decisions in a person's life was usually made for them, by that individual's peers, who were usually there by default, rather than design.
To trade stocks, one has to be smarter than the crowd. For years, I have urged folks to read The Crowd by Gustave Le Bon. One can access it on line, for free.
"When in doubt, empty the clip."