How to Avoid the Top 5 Pitfalls of Stock Trading in 2024 Stock trading can be a rewarding and exciting way to make money, but it also comes with many challenges and risks. As an up and coming stock trader who has had moderate success thus far, I want to share with you what I have learned from my own experience and from the advice of top investment bankers. In this blog, I will discuss the top 5 pitfalls of stock trading in 2024 and how to avoid them. Pitfall #1: Going All In on One Stock One of the biggest mistakes that traders make is putting all their eggs in one basket. No matter how much you like a company, never make it your only investment. As Graham Stephan, a personal finance enthusiast and investor, explains, there have been more than 28,000 companies traded on U.S. markets since 1950, and 78% of them aren't around anymore 1 . A golden rule of investing is to build a diversified portfolio. If your money is invested in various stocks, you're not reliant on any s
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