it's psychological, when you lose, you feel like you need to make up for the loss, so you keep buying, and then you lose again, it becomes a vicious cycle.
Exactly that's the common story for must of the retail investors.. they buy when market is at high and sell when there is drop in price..what they don't understand is that although the price of that stock is down there are no changes in the company you have invested so if you have done your research before investing then you no need to worry about price drop.Not to answer for him but this would be extremely easy in 2020..................................
All you would have to do is panic during the coronavirus crash and sell, then be late to the rebounds.
Not me. If he were my son, I would have kicked him out already! You cannot have two losers in a home, one losing in the stock market, and another one losing in crypto.
