I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.
That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?
Sometimes we let the losers run and hope it reverses back in profits and we cut the winners just too soon due to fear of losing all. One thing I've come to notice in the market is that we are easily control by two factors, that's fear and greed. So many people have lost good amounts of profits to the market out of greed, hoping to get a fortune. They forget literally that the market is not theirs and any opportunity you get, should be well managed.
During losses, we all hope to recover even if it's a little and promise to leave the market, but unfortunately when we are given that chance we begin to contemplate weather to let it run..