Trading basics
Why you cut your winners too early and hold your losers too long
Selling what goes up, keeping what goes down: this reflex has a name, the disposition effect. It isn't a character flaw. It is a bias documented for forty years, and it has a simple fix.
BY The RendR desk
You have probably lived this scene. A position moves your way: you close it quickly, relieved to have locked in the gain. Another moves against you: you wait. It will come back. You just need to be patient.Read on →