Why Copying Your Friend’s Stock Trades Makes You Lose

    Copying someone else's trade is a trap. Your friend bought at $80 and is up 30%, but when you jump in at $110, the same stock can crash and leave you losing while he's still profitable—same stock, different entry price, different risk. Before chasing any stock tip, check 3 things: ask for his thesis, check how late you are to the trade, and build your own exit plan. A stock tip can give you an idea, but it should never make your decision for you.

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