100-Day Reading Sharing Plan – Day 67

$Cleveland Cliffs(CLF.US) $Novo Nordisk AS(NVO.US) $Amazon(AMZN.US)

"A Random Walk Down Wall Street"

1.Many investors may feel that if they hold onto losing positions, they will eventually recoup their losses, thus avoiding regret. Investors often hold onto losing positions and sell winning ones, a tendency that may be driven by pride and regret.

2.Selling a stock that has risen allows an investor to realize a profit and also builds a sense of pride. If they sell a losing stock, they incur a loss and experience the painful emotion of regret.

3.Traders who frequently buy and sell always earn less than stable buy-and-hold investors.

4.Remember the advice from legendary investor Warren Buffett: sloth-like inactivity remains the best investment style. For stock investing, the correct holding period is forever.

5.If you plan to make a stock trade (and you're married), ask your wife if you should make that trade.

Speaking of which, I was hoping to trade less a while ago. Amazon, Novo Nordisk, and CLF were all up at least 10% and I didn't sell, then got hit by consecutive earnings report bombs. Now they're all underwater. 😰