What is Conviction in a Trade? Here’s How To Avoid Falling In Love With Stocks | Alissa Coram

If you’re looking to hold a standout stock for a big price move, you don’t need diamond hands – you need conviction! But what exactly is this conviction traders talk about so often, and how’s that different from falling in love with a stock? David Saito-Chung, IBD’s deputy markets editor, knows a lot about conviction and explains a few traps investors can avoid in order to become better traders. What’s a trade you’ve had conviction in, and how did you make sure you weren’t crossing the line and falling in love?

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Katie Sullivan

Katie is a digital nomad and business consultant. She has a bachelor's degree in business and has in the last 15 years in both the private and non-profit sectors. Her passion is helping people become better themselves and in turn creating better businesses. When she isn't chasing around her twin boys, she loves reading and gardening. She can be reached at [email protected]

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