email from a reader:
What do you see the difference between a professional trader and an amateur investor?
Answer
The professional trader, what good, if you purchase a stock at 100.00, when that goes down and comes to 95.00 and sells it is not a problem. Close the operation with a limited loss and does not think more.
the contrary, the amateur investor, when the title is concerned goes to 95.00 but does not sell. When the action reaches 90.00 is very concerned but still optimistic. A 80.00 says: " I sold at 95 and certainly not sell now. " At 50.00, having lost half the capital invested, says: "This is fine but sooner or later retract this title. A 10.00 is desperate, but continues to say: "I do not sell. I will leave the shares as an inheritance to my children "
Unfortunately, we can tell true stories and hundreds
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