Why Investors Lose Money
I’ve learned a lot from interviewing some of the top investors and traders in the country, as well as from my own mistakes and successes in the stock market. One of the reasons this chapter is valuable is that I help you avoid the errors I’ve made in the market (and I’ve made quite a few).
As you will learn from experience, the mechanics of the stock market are relatively easy. The hard part is making money, and one reason investors don’t make money is because of mistakes.
There is nothing wrong with making mistakes. Actually, the biggest mistake of all is not recognizing that you made one. Fortunately, I studied my blunders and worked hard not to repeat them.
There is something else you should know: Many investors ...