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Re:Trading Is Hazardous to Your Wealth [pdf] (2000) by grafs50 on Thursday May 14, 2020 @04:02PM (#23184627)
Also, the average at-home trader probably doesn't sell at a random point in time. They are probably more likely to sell after a loss.
Re:Trading Is Hazardous to Your Wealth [pdf] (2000) by lend000 on Thursday May 14, 2020 @04:52PM (#23185265)
It's often the opposite which is responsible for poor trading performance, due to the fundamental anomaly of markets: trends. Poor traders don't let winners ride and let losers ride to get above their break-even point, which often results in huge losses betting against the trend.