ACCEPT YOUR LOSSES

When investing and trading, a very difficult thing to do is accept your loss. I often read posts on Binance Square from people saying, "Hold this crypto!! It will bounce back!!! You'll see, it will go up again!!" Especially on shitcoins that have performed well recently ($SHIB, $FLOKI, etc.).

I know that many will insult me ​​in the comments, but you need to hear the truth: stop listening to those who tell you to wait, they know absolutely nothing. They are trying to reassure you to reassure themselves, because they themselves are lost and have invested too much, too much, too late. These people lost money and got into cryptocurrencies like this following completely euphoric and stupid moves.

Thinking “Not sold, not lost” is a big mistake: if you know that one of your investments is bad and will continue to decrease in value, you should not keep it just because it is at a loss and, in principle, you do not sell it with prejudice.

There are many other opportunities on the market, it is completely stupid not to take advantage of them by leaving your money in cryptocurrencies that will only decline for 6 months. It's like having an investment property that yields 10% per year, and you are offered another that yields 30% per year, but you refuse because you still have a loss on the other one. It's completely stupid and doesn't make sense: you deprive yourself of great opportunities and thus lose money.

So, accept that you made a bad decision, and stick to it until the end: don't listen to anyone who tells you to hold on to your crypto, if you believe that it no longer has potential or worse, that it will lose value in a short time. medium term, sale. Believe me, you will gain so much more even if you feel like you are lost at the moment.

This post reflects only my opinion.

Thanks for reading.