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Stock market investing psychology and behavioral finance - emotional investing
Loved it Sven, really funny but so correct. If any novice investors/traders sees this video they will benefit greatly. The takeaway is probabilities and what if my buyest is wrong. Tesla the present probability of it falling 25% in the next 60 days is 15.41% and the probability of it rising 25% is 13.01% and that's it, it doesn't matter if you think Tesla cars are going to change the world or you think like me that with a PE of -36.89 and book value of $29.42 its over priced. Human emotion hinders rational trade execution and the probability of profit, find your own way to eliminate the former and the latter will be rewarding. YouTube Video
The Manager, Fidelibus Lucrum, Pooled Investment Club.