🛑 21 Costly Common Mistakes Most Investors Make
- William O'Neil
#Thread #Mistakes #StockInvesting #trading
Download 📄 : drive.google.com/file/d/17ZIUIO…
@StocksNerd @iManasArora @SJosephBurns
- William O'Neil
#Thread #Mistakes #StockInvesting #trading
Download 📄 : drive.google.com/file/d/17ZIUIO…
@StocksNerd @iManasArora @SJosephBurns
1. “Stubbornly holding onto your losses when they are very small and reasonable.”
2. "Buying on the way down in price, thus ensuring miserable results.”
3. "Averaging down in price rather than averaging up when buying. ”
4. “Not learning to use charts and being afraid to buy stocks that are going into new high ground off sound bases.”
5. “Never getting out of the starting gate properly because of poor selection criteria and not knowing exactly what to look for in a successful company”
6. “Not having specific general market rules to tell when a correction in the market is beginning or when a market decline is most likely over and a new uptrend is confirmed.”
7. “Not following your buy and sell rules, causing you to make an increased number of mistakes”
8. “Concentrating your effort on what to buy and, once the buy decision is made, not understanding when or under what conditions the stock must be sold”
9. “Failing to understand the importance of buying high-quality companies with good institutional sponsorship and the importance of learning how to use charts to significantly improve selection and timing”
10. “Buying more shares of low-priced stocks rather than fewer shares of higher-priced stocks”
11. “Buying on tips, rumors, split announcements, and other news events; stories; advisory-service recommendations; or opinions you hear from other people or from supposed market experts on TV”
12. “Selecting second-rate stocks because of dividends or low price/earnings ratios”
13. “Wanting to make a quick and easy buck”
14. “Buying old names you’re familiar with”
15. “Not being able to recognize (and follow) good information and advice”
16. “Cashing in small, easy-to-take profits while holding the losers”
17. “Worrying way too much about taxes and commissions”
18. “Speculating too heavily in options or futures because you see them as a way to get rich quick”
19. “Rarely transacting “at the market,” preferring instead to put price limits on buy and sell orders”
20. “Not being able to make up your mind when a decision needs to be made”
21. “Not looking at stocks objectively”
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