Retail investors who buy stocks to fund their retirement portfolio or to generate additional income often find themselves prey to trying to time the market, failing to sell losers and selling stocks too soon.

The persistent all-time highs reached in the markets have also made some retail investors wary of allocating too much money into stocks since many of them are overvalued. Divesting their equity holdings and going to cash has many inherent risks such as sitting out of the market for too long.

Following the wrong herd can also lead to large losses. Here are the top ten worst mistakes that retail investors can conduct.

Eating these new M&M's is not a mistake.