Weak Hands

If your hands are tied in financial markets, you probably have “weak hands.” Weak hands refers to times when investors don’t stick with their original plan, either because they choose not to or because they can’t.

For instance, if you planned on buying some ETFs for the long-haul, but then sell sell sell when the market took a dive because you became a scaredy-pants...another investor might think you have weak hands.

Speculative traders oftentimes are considered to have weak hands since they buy and sell in the short-term, reacting to small changes with the hopes of gaining on reversing their position in the market (i.e. buying low, selling high). Weak hands means you buy when the market is at the top and sell when everyone’s confidence took a blow and the market is down.

To avoid weak hands syndrome, take a break from looking at all those charts. Don’t fuel your scaredy-pants fire.