The enormous cost of having to be "right"

Discussion in 'Psychology' started by smile, Oct 30, 2015.

  1. Upsndwns

    Upsndwns

    Many traders use the term "weak hands" to refer to holders who exit their positions at the first sign of a trade not going their way. I guess they think they are strong by sticking with a stock through thick and thin. I'm new to trading, but this is like first day of stocks 101 stuff.
     
    #11     Oct 31, 2015
    Cswim63 likes this.
  2. Cswim63

    Cswim63

    It all looks that way in retrospect--_these guys got out fast because they couldn't take the heat, these guys stayed because they were strong. Actually we are all guessing in a way and the strong hands might have been more lucky than strong. It just looks different after the market moves--_then its all understandable--Swimr
     
    #12     Nov 1, 2015