đ¨ CRITICAL WARNING đ¨
One of the most challenging aspects of investing and trading is acknowledging when itâs time to cut your losses. Too often, I encounter posts on Binance Square urging others to âhold onto this crypto; it will recover!ââparticularly in relation to trending coins like $TON , $SHIB and $FLOKI . While it might be unpopular to say, the reality is clear: donât rely on the advice of those who insist on holding indefinitely. They likely donât possess any more insight than you do. These individuals may be trying to justify their own decisions, having bought in at the peak of hype and now facing significant losses.
The notion of ânot sold, not lostâ is a dangerous trap. If you realize that an investment is not performing well and shows little sign of recovery, itâs critical to move on, even if it means accepting a loss. The market is full of new opportunities, and clinging to a losing asset can prevent you from capitalizing on more promising ventures. Imagine owning a property with a modest return of 10% per year, only to pass up a new investment offering 30% just because your current asset is underperforming. Holding onto losses can hinder your financial growth and limit your potential gains.
This is my perspective, shared with the hope of providing valuable insights. If you found this post useful, I encourage you to like, comment, share, and subscribe. Your support helps me continue offering educational content about the crypto market. Additionally, tips are greatly appreciated and help sustain these efforts. Thank you to everyone who contributes!
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