This is so much like me 🤦🏻♂️
A person set up a trap to catch turkeys. He scattered corn both inside and outside a large box, which had a door with a rope tied to it. He held the other end of the rope and hid nearby. He just had to wait for the turkeys to enter the box, and then he would pull the rope to close the door. One day, 12 turkeys entered the box, but unfortunately, 1 slipped out. He wanted to wait until there were 12 turkeys in the box before closing the door. However, while he was waiting for the 12th turkey, 2 more turkeys ran out. He thought he would wait until there were 11 turkeys in the box before pulling the rope, but while he waited, 3 more turkeys slipped out. In the end, there were no turkeys left in the box.
Investors often do not understand the importance of stopping losses as soon as possible. When situations begin to deteriorate, they still cling to elusive ideas, unable to objectively analyze the situation. With a gambler's mentality, they blindly hold on, leading to a continuous downward spiral until it becomes irreparable. At this time, a balanced mindset is often more important than intricate financial analysis.
