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This can be a actual story from after I was new to the market. I picked up a number of shares, every priced under 10 and even 2, whereas I used to be nonetheless determining how the markets work. I adopted a WhatsApp group that often gave calls and funding recommendation, however not one of the members have been correctly licensed or had a strong background. These have been penny shares, buying and selling at very low costs on BSE.
I purchased shares of a number of of those firms, pondering I may make a fast revenue. Nonetheless, a lot of the shares began hitting decrease circuits, leaving me unable to exit. That’s after I realized how dangerous/dangerous/horrible/harmful/silly of an concept it’s to take a position blindly with out understanding something concerning the firm. It was a painful lesson in greed and FOMO, which resulted in a loss. 
I’m positive many people, have made the identical mistake. Even @Karthik sir. 
He has an fascinating story about investing blindly based mostly on a suggestion. Why he purchased that inventory and ended up dropping cash. Spoiler alert: it had one thing to do with Salman Khan! 
Do tell us in case you’ve had the same expertise. 
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