The Lone Warrior Who Refuses to Set Stop Losses

Some people believe that setting a stop loss equals admitting defeat, so they choose to stubbornly hold on.

Their thoughts:

"Just wait a little longer, it will definitely go up again!"

"As long as I don't sell, it doesn't count as a loss!"

"Others cut their losses, I'm the winner if I just hold on!"

But the market will not change because of your obsession; the true winners understand the importance of timely stop losses, rather than stubbornly holding until it goes to zero.

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