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Trading Exercise for New Traders. Cutting losses is a skill & makes a big difference over the long term. Many new traders are not good at cutting losses and put stops that are too low or sell shares too late for much lower prices. Needlessly wasting good money on a trade

3:19 AM · Sep 10, 2021Twitter Web App

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Brian - $adma - how do you feel about this one? Please dig in.

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I personally don’t sell for a loss and refuse doing that whatsoever. I also don’t go “all in” in one stock. Bangers keep coming back up even higher. Yes it takes time but still. Losses add up just like profits.

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I’m getting better at it, but still not as I good as I’d like to be. Still some emotion in there, but I’m sure over time I will get desensitized to taking small losses. Stubbornness got in my way initially but holding bags led to much bigger losses and lots of opportunity cost.