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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (205418)	10/25/2011 1:38:25 AM
From: Canuck Dave	Read Replies (1) \| Respond to of 312350

Sorry it took me so long to respond. I'm pretty sure there's a line in the article which stated that unsuccessful traders tended to sell their winners too soon and hang on to their losers. That was what I was trying to comment on. We never know whether a trade will be a good one, so bail on the bad ones... Edit: Here it is. "Further research by Barber and Odean has shed light on these mistakes. Individual investors like to lock in their gains; they sell “winners,” stocks whose prices have gone up, and they hang on to their losers. " CD