"When will John recover from the ordeal? Probably never. The reason is not because John lost money. Losing money is something good traders are accustomed to. It is because he blew up; he lost more than he planned to lose. His personal confidence was wiped out. But there is another reason why John may never recover. The reason is that John was never a trader in the first place. He is one of those people who happened to be there when it all happened."
Tuesday, July 9, 2013
He is one of those people who happened to be there when it all happened
Labels:
behavioral investing
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