One problem is that with a bull market we become over-confident in our buying and selling technique. Make two right investment calls in a row, and suddenly you are a guru. If you have a loss, you had bad luck. However, the stocks people buy do not do as well as the stocks they sell. On average, the more you trade, the less you make.
Men trade more than women.
Women's accounts perform better. Another point that I have learned is that the more you study, the more likely you will be a better investor. George Why pay more than 5 cents a minute for long distance. Online Investing is a wonderful guide for using the Internet to find, research, and buy winning stocks. Jon D. Markman, managing editor at MSN MoneyCentral Investor, writes that the Internet makes it easy to build a highly profitable portfolio.