Overconfidence Could be Driving Momentum Investing
June 09, 2020 at 13:16 PM EDT
When momentum is on an investor’s side, serendipitous gains can accumulate, but it can also dangerously breed overconfidence or even an overreaction during mass sell-offs. They say in sports that speed kills, but in the markets, overconfidence or overreactions can blow up a trading account fast. As...