Why choosing too many different stocks at once is not good.

Do not choose too many different stocks at once. While you might think this spreads risk, holding more stocks than you can effectively monitor can actually increase your risk and lead to unnecessary losses. 

Key Points to Consider: 

1. Effective Monitoring: Stock trading requires regular monitoring of each stock's technical trends, financial reports, and recent updates. If you hold too many stocks, keeping up with all this information becomes time-consuming and difficult, increasing the risk of missing critical updates.

2. Diversification Balance: Diversification is important, but over-diversification can dilute your focus and lead to sub-optimal management of your portfolio.

3. Recommended Number: For a full-time stock trader, it’s recommended to manage around 15 stocks. If you are not a professional trader, you should reduce this number according to the amount of time you can dedicate to monitoring your investments.

Effective stock trading involves more than just buying and tracking stock prices. It's essential to stay informed about each company’s performance and market conditions. By managing a focused portfolio, you can better position yourself to make informed decisions and optimize your investment outcomes. 

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Buxone money July 01, 2024