How to Avoid These 3 Mistakes a Top Robinhood Exec Sees Investors Make

As Robinhood’s chief brokerage officer, Steve Quirk is uniquely placed to see mistakes in investor behavior — and there are three he says are commonly made.
But there’s good news: in a recent interview with Business Insider, Quirk also laid out how investors can avoid them.
Let’s dive in.
Mistake: Not sticking to the investment plan you originally set out
When the market turns south, some investors panic and sell near the bottom, missing out on the upside. On the flip side, some investors get greedy and don’t get out of a position after big gains.
How to avoid it:
Quirk said an investment plan should be durable enough from the start to endure volatility. A good approach is having a portfolio of index funds that you don’t touch no matter what (more on that below), and then know when to take gains or cut losses on your other positions, he said.