Why do people hold stocks when they know they are going to go down?
Why ride even $AAPL down 30%?
Because the industry tells you so?
The industry is not out to help you.
They're out to help themselves.
That's why there are restrictions on trading to try an stop you from succee
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You save more by pulling out early then to ride it down 30%
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I think it's the FOMO factor, I like the play and if I sell and it goes up I will hang myself, or I've lost so much I can't pull the plug I will wait for it to reverse. I have been there, married to a toxic position.
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