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Sold 9 shares and BNY Mellon sent me a check missing about $600
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<blockquote data-quote="Re-Raise" data-source="post: 866817" data-attributes="member: 16501"><p>This may be the worst financial advice I have ever heard, but is the way many people trade stocks.</p><p></p><p>Past performance is no indicator of future results. Many people hold poor performing stocks thinking they will return to their previous value.</p><p></p><p>On the other hand they will sell a stock that is performing well because they have made a profit. </p><p></p><p>In reality they should base their opinion of the stock's value on the future prospects for the company, not what the stock price has done in the past.</p><p></p><p>Take it from a gambler.. just because the last six spins on the roulette wheel have been red does not increase the chances that the next spin will be black.</p></blockquote><p></p>
[QUOTE="Re-Raise, post: 866817, member: 16501"] This may be the worst financial advice I have ever heard, but is the way many people trade stocks. Past performance is no indicator of future results. Many people hold poor performing stocks thinking they will return to their previous value. On the other hand they will sell a stock that is performing well because they have made a profit. In reality they should base their opinion of the stock's value on the future prospects for the company, not what the stock price has done in the past. Take it from a gambler.. just because the last six spins on the roulette wheel have been red does not increase the chances that the next spin will be black. [/QUOTE]
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Sold 9 shares and BNY Mellon sent me a check missing about $600
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