My short script of how traders/investors behave


Fomomaleek: Haaaaaaaa, let me sell all my insurance stocks as it is going down. I bought them with N20,000,000 and I’m down by N8,000,0000
Broker: We are always at your service. Whether you’re profitable or not we are gonna make our fees
Fomomaleek: I will go and buy Zichis at N15/share.Anything wey Senko talk na rubbish and no be him go tell me wetin to do.
He sold all his stocks and went all in to buy Zichis after fees he bought Zichis with N11,500,0000
Ladies and gentlemen ZICHIS now down by 23% from where he bought and now his portfolio now worth N8,395,000
Lesson:
1. Never be like Fomomaleek
2. ⁠Never FOMO
3. ⁠Never go all in
4. ⁠Always understand what you are buying as the equity market is volatile
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