Odean (Odean, T. (1999), (“Do Investors Trade too Much?" American Economic Review) analyzed the trading records of 10,000 investors over a period of 6 years and found that individual investors with discount brokerage accounts tend to under-perform notably because they trade too much, they struggle to evaluate securities, they have a strong tendency to overreact to financial news and finally have a reluctance to sell short. All these statements are even more true in emerging m