From: Inc.

Want to Learn From Your Mistakes and Be More Successful? Science Says Avoid the Dreaded Ostrich Effect

I owned Blue Apron stock a few years ago. I’m unsure, but I think I purchased it at around $20 per share. (You’ll see why I’m unsure in a moment.) Since I owned it in my Roth IRA, any gains weren’t taxed, so for a while I made small profits selling during spikes and buying back during dips. Because I was basically day-trading the stock, I checked it multiple times a day. 

Then the price dropped by a few dollars a share, and then a dollar or so more. So I stopped checking so often. Soon my stake was down about 50 percent. I rationalized — and consoled myself — by deciding it was a long-term play, and I didn’t look at it for a few months.

When I finally did, the stock was trading at around $4 per share.

Read the whole story: Inc.


APS regularly opens certain online articles for discussion on our website. Effective February 2021, you must be a logged-in APS member to post comments. By posting a comment, you agree to our Community Guidelines and the display of your profile information, including your name and affiliation. Any opinions, findings, conclusions, or recommendations present in article comments are those of the writers and do not necessarily reflect the views of APS or the article’s author. For more information, please see our Community Guidelines.

Please login with your APS account to comment.