Magic Carpet

When investing in stocks, stay away from the "magic carpet" mentality.

Aug
12

The “magic carpet” mentality is jumping on the carpet (stock) at a low price and riding the carpet (stock) up to a high price.  As it rises, advocates of this approach jump off the winner, take the gain and move to another magic carpet at a very low price hoping to catch the next updraft.

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Copyright 2017 Mark T. McLaren