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Weekend Conversations: How To Know When To Cut Your Losses
Elevate with Robert Glazer
The Importance of Setting Stop Loss Orders in Investments
15min Snip
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This chapter discusses the significance of using stop loss orders in investments to mitigate substantial losses, emphasizing the need to accept small losses over risking larger ones, especially in volatile markets. It explores the psychological aspect of stop-loss orders, addressing the influence of emotions on decision-making and delving into loss aversion theory by Kahneman and Tversky. The conversation emphasizes the necessity of implementing stop loss strategies to prevent emotional decision-making and recognize when to cut losses for better outcomes.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode