10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )
[/b]
There are times you get stuck on a trade and you feel hopeless that the coin that you bought will go nowhere and you'r option is just to cut loss and move on. However, there are times that all coins are on a down trend including the coin that you bought, so moving to another investment is not a good idea too, so you hold on to your coins or cut loss and look for another opportunity. But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment.