Rules for investing are logical but they are easy to forget. Some investors never get to learn them thoroughly.
For example, the next investor may be just as smart or smarter than you. Chances are he or she has the same information about a company or security, or strategy as you are looking at, when buying or selling.
Also, for every seller there has to be a buyer. Therefore, that dog of a security you are selling is being bought by someone who feels they are getting a bargain.
And when you feel it is time to desert the market, there is someone out there who feels it is time to get into it.
Do you still think you can really outsmart the next buyer or seller? ( See the Earl J Weinreb NewsHole® comments.)
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