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Mar 2, 2015
Ways DIY Investors Can Improve Their Results Part 2
These are the ways DIY investors who buy individual stocks can improve their results.
1. Avoid An Emotional Response
Don’t let your emotions get in the way. Don’t hang onto losers to avoid recognizing your mistakes. Don’t become emotionally attached to security positions. Don’t hold securities hoping they will recover—don’t hold positions you would not buy today at today’s price. Hope is not a strategy....