Re:Mystery Man Who Moves Japanese Markets Made More Than 1M ...
by qznc on Sunday September 28, 2014 @07:57AM
(#8379508)
> Cut your losses quickly and with determination, while you should let your winners run as long as possible.
Yes. You can also learn this from playing Poker. Science even has a name for the inverse behavior: Disposition effect.
> Buy stocks that is being bought. Sell stocks that are being sold. (In other words, keep track of the stock order flow. Bid/asks).
And this is way I stopped doing this. It takes a lot of time and you feel guilty whenever you are not looking. Many people may know this effect from Facebook or Twitter. Consider it much worse, when you have a lot of money at stake.
Yes. You can also learn this from playing Poker. Science even has a name for the inverse behavior: Disposition effect.
> Buy stocks that is being bought. Sell stocks that are being sold. (In other words, keep track of the stock order flow. Bid/asks).
And this is way I stopped doing this. It takes a lot of time and you feel guilty whenever you are not looking. Many people may know this effect from Facebook or Twitter. Consider it much worse, when you have a lot of money at stake.