Read? Investing Made Simple by Uncle8888 (8) on Two-Way Buying Decision
Avoid paying a price for overconfidence
As retail investors, how do you know you have become overconfidence and may have exaggerated your skills in TA/FA?
One common sign of being overconfidence and exhibit the sense of exaggerated superior analytical skills in TA/FA is those who keep on doing Averaging Down on it while the market is aggressively selling it down.
They think that they are right and the market is wrong; but they often forget that in the stock market there are hundreds and thousands of Not-So-Stupid investors or professional Jaws analysing the same set of data and realized that it is better for them to take profit, cut losses or start shorting as the worst is not over yet.
Probably, a two-way buy decision may help to avoid being overconfidence and whether averaging down is more than justified.
Read more? Beware of Averaging Down!
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Caitlin Clark will make $76,535 from her WNBA salary this year. The top NBA
draft pick will earn $10.5 million | CNN Business
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New York CNN — Caitlin Clark, who became the leading scorer in NCAA
basketball history and the first pick in the WNBA draft this week, will
make a $76,53...
1 hour ago
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