Sheep

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A sheep is that investor who has no strategy in mind but instead trades on emotion. He simply listens to others and thereby join the bandwagon team.

Unfortunately, he places his financial futures on hearsay of people who do not have reliable sources of sound investment advice, as a result often misses out on the most meaningful moves in the market.
This type of investor often makes rash investments decisions and are often the last to get in on a major market rally. They can be eaten by a bull or bear if they are not in the right place in the market.

Like the animal that inspires this term in stock market arena, a sheep of an investor is a follower, relying on a shepherd for guidance.

Investdata Academy

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