chase losses .. how does that make sense?8 Oct 2021 11:54
What is the psychology behind 'chasing losses' on the same company share that you already made the losses on, when there are literally thousands of listed companies to chose from? Isn't the overall objective of a portfolio to produce a certain target of gain irrespective of which investment it's made?
I see PI's here buying at low prices to somehow nullify previous mistakes (high price buys).
Is it pride? What is it?
Why not sell at a loss, take the hit, and find a company that has more potential.
I really don't understand the psyche.