All terms
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Definition
Selling quickly at the first sign of trouble.
Paper hands is the mild insult for selling early, especially into fear. It is used to mock people who exit before a recovery.
Taking profit or cutting a loss according to a plan is not paper hands, it is discipline. The insult only really applies to panic.
In practice
Selling because the price dropped 8 percent and you had no plan is paper hands. Selling at your predefined stop is risk management.
Where to go next
Diamond handsHolding through severe drawdowns without selling.Risk managementThe rules that keep one bad decision from ending your participation.FUDFear, uncertainty and doubt, whether the concern is real or manufactured.
More culture terms
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