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Saturday, 2 April 2011

Investors, beware of self-serving bias (2)

Just For Thinking ...

Read? Investors, beware of self-serving bias

Thinking that the worse is over for their stock and the downside is limited is another form of self-serving bias.

When we come to the stock market, it is best to hang our ego at the door because market is known to punish us hard if we are not humble.

The worst for any stock has yet to come until you sold it; then only the worst is truly over. Get it?
Posted by Createwealth8888 at 13:48
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1 comment:

  1. Anonymous2 April 2011 at 15:07:00 GMT+8

    Hi

    "The worst for any stock has yet to come until you sold it; then only the worst is truly over. Get it?"

    Very well put. "Loverly" The recent market's turmoil due to Japan & Middle-East has my portfolio's profit free-fall 30-50%. It's really scary even though it is still profitable.
    Now, my portfolio's profit is back to "original". But I know I can't count the chickens before they are hatched always apply very strongly, especially in the stock market.

    ReplyDelete

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