🚨😳😳URGENT ALERT: IT'S TIME TO CUT YOUR LOSSES😳😳🚨🚨
In investing and trading, one of the toughest realities to face is acknowledging when you're holding onto a loss. On Binance Square, I often see posts encouraging people to "Hold on! This crypto will bounce back! Just wait, it’ll rise again!"—especially with popular tokens like $SHIB and $FLOKI.
While some may disagree, it's crucial to face the truth: Stop relying on advice to hold indefinitely—those voices don’t have any more insight than you do. Often, these are individuals trying to convince themselves that their investments aren’t lost causes, having bought in during hype-driven rallies and now facing the downturn.
The notion that "If I haven’t sold, I haven’t lost" is a risky misconception. If you see that an investment is failing and likely to keep declining, it's unwise to hold onto it simply because it's currently at a loss. The market is full of new opportunities, and clinging to a sinking asset can prevent you from seizing better ones.
Think of it this way: If you own a property yielding 10% annually but are offered another with a 30% return, would you reject the new opportunity just because your current investment is underperforming? Holding onto a poor investment out of stubbornness is not only unproductive but also a missed chance for better gains. Acknowledge the mistake, learn from it, and move forward.
This post reflects my personal opinion.
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