Investments are not a lottery; if it feels like the lottery, stay away from it.

If your plan is to sell your holdings to another person at a higher price, then it is not an investment. It is gambling on finding a bigger idiot. What if the biggest idiot that can befound is you?

in a rising price environment, party culture and a gambling mindset take over. People think it is easy to make money, and it is fun. The stock market is a big giant casinowhere the odds are in favor of gamblers. The more you play, the more you win. However, the facts are precisely the opposite.

Most of the traders think and act like gamblers. They believe that they can outsmart the rest of the players with the help of a trading system. They take investing as a game, and daily quotes are their scorecards.

People like to risk pennies to win dollars.