ABSTRACT

Is it greed or fear that moves markets? Perhaps it’s personal psychic questions. It may not be greed that moves the investor to take his profit prematurely-it may be the fear of missing the top. That is, just as losses can present painful problems, so can profits, if they are not the right kind of profits-the kind that proves to ourselves our acumen, intelligence or our moral and financial superiority. The mature trader, on the contrary, does not focus so closely on semantic analysis. He lets the profits and losses fall where they may.