I like to chat with retirees, particularly those who used to work in a job where they need to be a bit of a snake oil salesman. It is after they retire that they can be completely honest about their past. A few years ago, a retired stockbroker revealed to me that most of his retail customers lost money. I asked him why. He is in a good position to know the answer since he has access to the buy/sell transactions of his clients. This is what he told me. They patiently held on to losing stocks and impatiently sold winning stocks. If you have several years of experience in the stock market and are still a loser, please check your own past transactions and verify for yourself if this is true. 😁 Years ago, I spoke out against contra-trading because I suspected this practice was harming most Singapore stock...