Don't Kick Yourself for Missing Nasdaq 5K! 'Trade Mindfully' Instead

Investors need to stop kicking themselves for missing the Nasdaq resurgence and separate emotions from their trading, said Dr. Gary Dayton, author of 'Trade Mindfully.' Dayton added that traders are most successful when they concentrate on their processes as opposed to their emotions. He said individual investors should beware of mental traps like the 'endowment effect' where they fall in love with a stock, like many are doing with companies like Apple now. On the flip side, he said the same forces are at play for hedge fund managers who hate stocks they are shorting, even to a point where it is detrimental to their results.