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Personal Investments • Did I panic sell?

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No harm no foul imo.
Kind of yes, but one does want to develop good habits. What would have happened if he had been lucky and came out ahead? He would have learned the wrong lesson. That panic selling is good, or that he has skill in trading, or something else. Behavioral Economics says that our heads are tricky.

Did you know that casinos are more likely to offer you room upgrades and other perks if you loose money the first time you play there? The casino doesn't want you to learn the correct lesson, that you tend to loose money at the casino. They want you to learn the right lesson, that giving them money is fun! - which, of course, is the wrong lesson.

Statistics: Posted by alex_686 — Thu Aug 08, 2024 2:53 pm — Replies 9 — Views 610



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