RE: Long @ 311.6616 Oct 2018 00:36
scfc,
No I haven't seen it, but it's a perfect example. When trading/spread betting greed causes fear. And fear causes greed.
Greed causes over exposure, then the fear comes and has people making irrational decisions.
Fear can also cause Greed. FOMO (Fear of Missing out)
Fear of not making the loss back, so doubling up the leverage to try and make it back quicker.
This is why most Spread betting companies have been forced to say 80% of their retail clients lose money. It won't be far off that for those trading actual shares too, obviously the lack of leverage slows the losses down. But as you know, if this game was easy... everyone would be rolling in cash and not having to go to work.