Concerning reits, haven't looked at them in a while. USA 10 to 20% ytd. Canada 70 to 110% ytd.
The things I listed have been my experience and observations. YMMV.
Concerning emotion. A good system takes emotion out of the equation as much as possible. Emotion happens when you get taken by surprise and don't know what to do.
Concerning Warren Buffet, he ends up buying enough of the stock that he gets some control over what happens in the company. Maybe not 100% of the time, but I've read that he does this. Then I'm sure he sells out before major losses. He wouldn't make any money if he didn't. So, theoretically all investors in stocks are traders. They have to bale sometime. Nothing goes up forever.
Edited by CatBrat (10/03/12 11:44 PM)