đŽ RESPECT STOPLOSS đŽ
Accepting losses is a challenging but essential part of trading and investing. Itâs common to see posts urging to âHold on! It will bounce back!â especially for recently well-performing coins like
$SHIB ,
$PEPE and
$FLOKI . However, itâs crucial to make informed decisions rather than following the crowd.
The mindset of âNot sold, not lostâ can be a pitfall. If an investment is underperforming and likely to continue declining, holding onto it just because youâre at a loss can prevent you from exploring other profitable opportunities in the market.
Imagine having an investment yielding 10% per year, and youâre offered another one yielding 30% per year. Refusing the latter because youâre at a loss on the former is like turning down a golden opportunity.
So, accept if youâve made a bad decision. If you believe a crypto has no more potential or worse, that it will lose value in the short/medium term, consider selling it. You might end up earning much more, even if it feels like a loss at the moment.
Remember, respecting stop-loss orders can be a game-changer in trading. Itâs a strategy that can save you from significant losses and help you earn more than you can imagine.
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