ALARMING ALERT ‼️‼️‼️‼️‼️‼️

ACCEPT YOUR LOSSES

In the world of investing and trading, accepting losses is one of the toughest yet most crucial skills. Often, posts on platforms like Binance Square urge you to "Hold onto this crypto! It will bounce back! You'll see, it will go up again!"—particularly about trendy coins like $SHIB and $FLOKI.

Let's be real: these voices encouraging indefinite holding are often just as clueless as anyone else. They might be trying to comfort themselves after buying in at peak hype and now facing losses. This mindset of "Not sold, not lost" is a dangerous fallacy. If you recognize that an investment is likely to keep dropping, holding onto it just because you’re already at a loss is unwise. The market is brimming with opportunities, and it’s better to reallocate your funds rather than watch them dwindle.

Imagine owning an investment property with a 10% annual yield. If another opportunity comes along offering a 30% yield, would you ignore it just because you're still losing on the first one? Clinging to a bad investment prevents you from seizing better opportunities. Acknowledge the mistake, cut your losses, and move on.

This is my personal opinion, aimed at fostering a more realistic approach to investing.

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