🚨 🚨 ALARMING NEWS ALERT

Important Alert: Accept Your Losses

In trading and investing, one of the hardest things to do is accept your losses. I often see posts on Binance Square with people saying, "Hold onto this crypto! It will bounce back! You'll see, it will go up again!" This is common for popular coins like $SHIB and $FLOKI.

It's important to hear the truth: stop listening to those who tell you to hold forever—they don't know any more than you do. These people are usually trying to convince themselves because they invested too late and are now losing money. They bought these cryptos during a hype and are now paying the price.

The idea of "Not sold, not lost" is a big mistake. If you realize one of your investments is bad and will likely keep dropping, don't hold onto it just because you're at a loss. There are many other opportunities in the market, and it's unwise to miss out on them by keeping your money in assets that are losing value.

Think of it like this: if you own an investment property earning 10% annually, and you're offered another property earning 30%, would you refuse the new opportunity just because you're still losing on the first one? That would be foolish and stop you from making more money. Accept that you made a bad decision and move on.

This is just my opinion. Thank you for reading. If you found this helpful, please like, comment, share this post, and subscribe. Your support helps a lot. You can also tip me to support my efforts to educate you about the crypto market. Thank you to those who do.

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