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Why do the portfolios of over-confident investors have a higher risk? Give the reasons. Why do investors tend to sell losing stocks together, on the

Why do the portfolios of over-confident investors have a higher risk? Give the reasons.

Why do investors tend to sell losing stocks together, on the same trading session, and separate the sale of winning stocks over several trading sessions?

In your opinion, is it possible to construct a risk-free portfolio?

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