How to Avoid the Pitfalls of Herd Mentality

In 2005, about 450 sheep jumped to their death, as reported by USA Today. One sheep jumped to its death. Hundreds more followed. Shocked shepherds watched as 1,500 others followed. As ridiculous as it may sound, it happens every day on Wall Street. Traders and investors don’t look before they jump. They just think every one … Continue reading “How to Avoid the Pitfalls of Herd Mentality”

The 3 Worst Mistakes Investors Make

Mistakes will be made, even by the pros. However, if you’re aware of potential issues, the better off you are. They Don’t Have a Trading Plan Experienced traders get into a trade with a plan. They know exact entry and exit points, the amount of capital to invest in the trade and the maximum loss they … Continue reading “The 3 Worst Mistakes Investors Make”