Five Common Habits of Losers
Habit 1: Refusing to Cut Losses
When a stock drops, you think "I will sell when it gets back to breakeven" — and it keeps falling.
Habit 2: Chasing Winners
When a stock goes up, you want to chase it — buying more as it rises.
Habit 3: Overtrading
You have to trade every day. The more you trade, the more mistakes you make.
Habit 4: No Plan
You buy without thinking about when to sell.
Habit 5: Following Tips
You buy whatever others tell you is good.
Summary
Habits of losers:
- Refusing to cut losses
- Chasing winners
- Overtrading
- No plan
- Following tips