Check this out:
The typical investor:
http://aktien-portal.at/img/TypInvestor.gifTranslation to English:
1. Oh, the price is rising. Think, I'll watch the market.
2. Trend is holding, think I should buy at the next consolidation.
3. Damned, I have missed the consolidation. If I wait any longer, I won't profit from the trend. BUY!
4. Thank god, I did not wait.
5. I will use that correction, and expand my position.
6. Super! At this price I can double my position.
7. Shit! As soon as it goes up again, I'll sell.
8. I can't believe it, the price halved. This has to be the absolute low.
9. OK, waiting for the countermovement. Otherwise it's going to be a loooooong investment.
10. Why isn't the regulation authority saying anything to this?
11. Enough is enough. I sell and won't ever touch anything stock again.
12. Thankfully I've sold everything.
13. It will crash anyway.
14. What did I say?
15. WTF?
16. What the hell is that???
17. Even more lemmings on the road to ruin.
18. I knew all the time, that this would happen.
19. The heck with it! I'm buying again. It's cheaper than the last time anyway ...
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
So I'd rather say, buy low, sell high. LOOOOOOL