Do You Mindlessly Chase, Or Intelligently Stalk Your Investments?
If you have found yourself regretting not taking healthy profits in a stock, promising to never make the same mistake again – only to repeat the mistake multiple times – then you need to read this article . Why? It explains why you’re wired to find the possibility of a payoff to be much more stimulating than actually getting one.
Originally written to explain why people are so hooked on Google, Twitter and texting, I found the science to be very applicable to stock traders that chase stocks but fail to close profitable positions.
Ignore it at your peril – but those who read it could find themselves transitioning from a trader engaging in mindless chasing” to one that engages in intelligent stalking behavior.
Regards,
George