Many small investors enter the stock market with the hope of making some quick gains. They may have heard stories from their friends or colleagues about making a killing in a sugar stock that quadrupled in 6 months, and want to jump on the bandwagon.
So they buy another sugar stock and are excited when the stock spurts 15% shortly after they purchase it. They book out with a small profit, and boast about their investing acumen to all and sundry.
The thrill of the ride gets into their blood, and they want to repeat the experience with another stock. This time, their luck runs out as the stock tanks immediately after they purchase it.
-- So they buy another sugar stock and are excited when the stock spurts 15% shortly after they purchase it. They book out with a small profit, and boast about their investing acumen to all and sundry.
The thrill of the ride gets into their blood, and they want to repeat the experience with another stock. This time, their luck runs out as the stock tanks immediately after they purchase it.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/07/want-long-term-happiness-over-short.html
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