Topic
Psychology
3 articles
Does trading more often hurt your returns? 66,465 households say yes.
The definitive study tracked every trade in 66,465 brokerage accounts for six years. The most active traders earned 11.4% a year while the market returned 17.9% — and the average household turned over 75% of its portfolio annually to underperform by 1.5 points.
Why most day traders lose money — what 3.7 billion trades actually show
The definitive study tracked every trade on the Taiwan Stock Exchange for 15 years. Around 1% of day traders were predictably profitable after costs, and 93% had quit within five years. Here's the mechanism behind those numbers.
The psychology of panic selling — why smart people sell at the bottom
Panic selling isn't a knowledge problem. Everyone knows not to sell low. Here's what's actually happening in the moment, and the only defenses that survive contact with a real decline.
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