Attempting to out-smart the markets is a common, yet dangerous, practice.
Mistake # 9 Trying to Outsmart the Markets
Attempting to out-smart the markets is a common, yet dangerous, practice. Some investors believe that if they can possess “special knowledge” or spot certain trends, that they can “out-smart” the market.This can be a costly mistake. Each day there are literally millions of participants in the stock market and the collective wisdom of these millions helps set stock prices.