The majority of the inexperienced investors many times keep on holding their losing or poorly performing shares.
They keep on holding them tight hoping that one day they’ll at least return to their initial purchase price.
On the other hand, when the professionals realise they’ve picked a dud, they’ll get out rather than magnify their losses.
Mistakes present a continuous part of investing…
Therefore, your ability of humility will always make you remember that there are no prizes for being stubborn and keeping your losing stakes.
You’ll need discipline in your humility, because successful investing is not only about running your profits but it is also about cutting your losses.
You must not tolerate any dead wood…
Test your humility and get rid of it right away!