[Quote of the day]There's no shame in losing money on a stock...

The day-trading crowd snapped up roughly $2 billion in assets like the $SPDR S&P 500 ETF(SPY.US)$ and $Invesco QQQ Trust(QQQ.US)$ on Friday as the buy-the-dip crowd stepped in where Wall Street didn't, according to data from Vanda Research, a firm that tracks retail-trading flows in the U.S.

Quote of the day:

There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating. – Peter Lynch

Peter Lynch is probably the most successful fund manager in modern stock market history. He names 25 rules at the end of his book “Beating the Street." We'll share these simple but profound rules with you daily.

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