The biggest trap of the Fat Cat incident is the sunk cost. The deeper you fall, the more you choose to commit suicide.

In economics, "sunk costs" refer to those expenses that have been paid and cannot be recovered, such as time, money, emotions, energy, etc.

In life, many people are often reluctant to give up their sunk costs:

You bought a movie ticket, watched it for half an hour and found it was a bad movie, but still watched it;

You have been in love with your boyfriend for 3 years, and you obviously have no feelings for each other, but you are still together;

You travel to popular attractions, but when you arrive, you will still walk the whole way when you see that there are too many people and the scenery is bad;

You have worked in an industry for many years, but you have no development prospects and don’t want to give up the accumulated experience, so you continue to worry and worry...

The amazing sunk cost tells us that timely stop loss is the high-end configuration of adults.

Many people invest in a stock or a coin, and it falls by 90%.

If you tell him to cut losses, he may scold you, saying that if you cut losses again, there will be no more, but in fact, if you don’t cut losses, there will be no more.

99.9% of the assets in the currency circle are close to zero in the end, and no more than 0.1% are truly valuable.

Not only in the financial market, but also in real life. Cutting losses, stopping losses in time, and stopping profits are all the highest wisdom. Being PUA is not scary, what is scary is not knowing how to cut losses.#FatCat Incident#StopLoss #PUA