Maxim Röder wrote that 90 percent of investors fail in the stock market because they expect linear returns. From January to May, frustration, sales, and a sideways phase predominated, while between May and October there was a steep breakout with significant price gains. The annual performance often occurs within a few weeks, he explained. Those who cannot withstand the loss phases are not present for the later gains. Investors who exited in March, April, or May would have been frustrated in October, Röder wrote. #Börse #Anlage #Investieren (translated)