Allowing emotions to dictate an investment's value is a major liability. Some hold out on a rapidly declining asset simply because of their affection for the company.
Allowing emotions to dictate an investment's value is a major liability. Some hold out on a rapidly declining asset simply because of their affection for the company.
What are some traits for good traders?
Good traders maintain discipline, adapt to changes quickly, and manage risk without letting emotions drive decisions. They study their trades for continuous improvement and learn from both wins and losses
An investor should approach decisions with a CEO's mindset: if there isn't sufficient growth potential, it's time to move on.