This is a common mindset, I've already invested so much money and time in this, quitting now would mean losing everything, so I have to see it through to the end.

šŸ”¹ Holding onto losses due to regret over wasted effort

  • Youve held onto losses for 3 months, down 40%.

  • You think that if you cut your losses now, the past 3 months would be meaningless.

  • So you continue to hold on for another 3 months and down 80%.

  • As a result, sunk costs money and time lost are something that cannot be recovered.

  • Continuing to invest won't bring that money back; it will only increase the risk to your remaining capital.

šŸ”ø DCA into the ground

  • You bought the wrong stock, the price dropped.

  • Instead of admitting your mistake, you add more money to use the DCA to lower your average cost.

  • The result is that you are increasing your weighting in a weak asset

  • A good trader will add more orders to a profitable asset, while a loser will add money to a losing asset.

šŸ”¹ Cutting ties with the past

  • Be brave enough to say, Wrong is wrong.

  • Cut out the tumor immediately to free up capital and mind for new opportunities.

  • Dont let the past kidnap your future.

  • Do you want to salvage a mistake or protect your remaining capital?

Do you want to salvage a mistake or protect your remaining capital?

This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.