Check this out:
The typical investor:
http://aktien-portal.at/img/TypInvestor.gifTranslation to English:
1. Oh, the price is rising. Think, I'll watch the market.
2. Trend is holding, think I should buy at the next consolidation.
3. Damned, I have missed the consolidation. If I wait any longer, I won't profit from the trend. BUY!
4. Thank god, I did not wait.
5. I will use that correction, and expand my position.
6. Super! At this price I can double my position.
7. Shit! As soon as it goes up again, I'll sell.
8. I can't believe it, the price halved. This has to be the absolute low.
9. OK, waiting for the countermovement. Otherwise it's going to be a loooooong investment.
10. Why isn't the regulation authority saying anything to this?
11. Enough is enough. I sell and won't ever touch anything stock again.
12. Thankfully I've sold everything.
13. It will crash anyway.
14. What did I say?
15. WTF?
16. What the hell is that???
17. Even more lemmings on the road to ruin.
18. I knew all the time, that this would happen.
19. The heck with it! I'm buying again. It's cheaper than the last time anyway ...
So I'd rather say, buy low, sell high. LOOOOOOL
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