Following is an extract from Alpesh B Patel's column in the Financial Times 03/03
"Selling Improves Performance.
A net trader will expend more mental energy on a losing position than a profitable one (you get stress from sitting on a £10,000 lost than a £10,000 gain)
It is better to sell, take a loss and spend time looking for better opportunities than to keep fretting about a stock thats drops little by little. Its the trading equivalent of the death of thousand cuts each days brings another tiny loss, not enough to trigger a sale, but enough to bleed your performance dry."
I trust by now most of our members understand this.
Best wishes
John
"Selling Improves Performance.
A net trader will expend more mental energy on a losing position than a profitable one (you get stress from sitting on a £10,000 lost than a £10,000 gain)
It is better to sell, take a loss and spend time looking for better opportunities than to keep fretting about a stock thats drops little by little. Its the trading equivalent of the death of thousand cuts each days brings another tiny loss, not enough to trigger a sale, but enough to bleed your performance dry."
I trust by now most of our members understand this.
Best wishes
John
