FormerXBC Inc XEBEQ

RE:Isn't it odd?

[tinkvid]

Well said TT. Well said.

tamaracktop wrote: Having been a broker for 30 years, I've observed a common trait amongst retail investors that some
people I know in the business came to call " Kenny's paradox".

People have a very real tendency to worry more about their stocks when they're going up than they do when their stocks are going down.

When investors' stocks are going down, they don't have as much of a tendency to follow them closely because they're resigned to holding on to them.
They're from  "the school of Misguided Investment Practices" that teaches them that a loss isn't a loss until they sell.

I had clients who didn't even open their statements during bear markets because they took what I used to call " the ostrich approach ".

On the other hand, when stocks are going up, particularly when they're going up fast, people seem to feel "empowered", thinking they were right after all by either buying the stock at a lower price, or 
by holding on to a losing position until they could eventually sell into strength.

Suddenly, in their own minds, they've somehow developed an ability to time the market, and they're watching for the precise moment when they should sell.

They get trigger-finger.

My advice, for what it's worth, is to put that six-shooter back in the holster, because this ride has a long way to go.

This ride actually began in 2017 when I first started posting here, but this ride is different.

This is a roller coaster unlike any other.

Each ride up is actually higher than the one before.