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I sold Nvidia—then it went up over 28,000%, says behavioral finance prof: I could've bought ‘a nice house somewhere'

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Even behavioral finance pros can make big investing mistakes: Prof of Wall Street founder Amos Nadler recalls selling Nvidia and missing out on massive gains.

I sold Nvidia—then it went up over 28,000%, says behavioral finance prof: I could've bought ‘a nice house somewhere'When he began teaching behavioral finance at the Claremont Colleges, Amos Nadler decided he needed some hands-on experience to discuss with his students. Up until then, he had only owned a handful of mutual funds and ETFs.and a Ph.D. in behavioral finance and neuroeconomics, tells CNBC Make It.

"I bought Nvidia in the low single digits, and now it's gone up to and I'm scared," he remembers thinking."I feel risk averse, and I'd rather go to cash because I might lose it. I don't want to take the gamble anymore." That can lead to feelings of dread around a winning bet in your portfolio. A stock that has gone up could fall back down and erase your gains, you might think. Better to lock in a win now.

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