{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"51 - Psychology of Selling Losers","description":"Mental Models discussed in this podcast:  Opportunity cost Loss Aversion Diversification vs Concentration Price Anchoring Zero-Based Budgeting Commitment Bias Game Theory:&amp;nbsp; Minimax Theorem  Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.&amp;nbsp; Follow me on Twitter and YouTube Twitter Handle:&amp;nbsp;@TreyHenninger YouTube Channel:&amp;nbsp;DIY Investing Support the Podcast on Patreon This is a podcast supported by listeners like you. If you\u2019d like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at&amp;nbsp;DIYInvesting.org\/Patron. You can find out more information by listening to episode 11 of this podcast. Show Outline The full show notes for this episode are available at&amp;nbsp;https:\/\/www.diyinvesting.org\/Episode51 My portfolio Current\/Future State  Owned 11 stocks&amp;nbsp;  5 winners 5 losers 1 borderline loser   The goal is to reduce to 5 positions Sold 4 stocks so far (made money on 2, lost money on 2) Not all &quot;losers&quot; lost money. Some made money. It's all about future return potential from here  Summary: It's all about opportunity cost. Use rational analysis to overcome your behavioral biases.&amp;nbsp; ","author_name":"The DIY Investing Podcast","author_url":"https:\/\/www.diyinvesting.org","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/12141950\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/1b07f0\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/58236542"}