moorfield wrote:People trading shares prefer to make unprofitable trades than to do nothing at all.
and
... sometimes the best course of action is inaction.
Going to the source research paper cited by the Guardian gives the following opening abstract:
'We report the results of an experiment designed to study the role of speculation in the formation of bubbles and crashes in laboratory asset markets. In a setting in which speculation is not possible, bubbles and crashes are observed. The results suggest that the departures from fundamental values are not caused by the lack of common knowledge of rationality leading to speculation, but rather by behavior that itself exhibits elements of irrationality. Much of the trading activity that accompanies bubble formation, in markets where speculation is possible, is due to the fact that there is no other activity available for participants in the experiment.'https://onlinelibrary.wiley.com/doi/abs ... 0262.00222So I think the suggested 'people... prefer' is misleading, perhaps better would be 'speculators prefer'; the term is used 3 times ^above.
Surely one of the tenets of HYPing is not churning or speculating; but sound long-term low-activity investing.
When I started HYPing I was over-eager to create the end portfolio, and have it optimal, and I did sell some things on the way. But I was quickly reminded by the market [later] that 'getting busy' [hehehe] with my HYP as often as not turns out to have been a bad idea for me.