what a fuss, page-11

There's a good reason Mavo why so many investors/traders end up with a portfolio of "dog" stocks.

They quickly take their profits on the stocks that could be 10 baggers, 20 baggers, 100 baggers and more for them, including often having a very close trailing sell stop to "protect profits" which guarantees they will be shaken out.

They also look at their purchase price and compare it to the current price and say, "I've made so many times what I put in so I should sell."

But as for their losers - they don't sell out early on and take a manageable loss but hold on and on waiting for the stock to recover and/or average down.

I recall someone I casually knew in the 1990s.

This small trader was determined to make $1000 in profits each week. So what he did was sell his runners to take quick profits while refusing to sell his losers because he didn't want to offset a loss against a profit he had taken for the week.

He was playing mind games with himself and ended up losing everything when the market went bad in 1997. It was back to taxi driving.