Today I want to talk to you about the sunk cost fallacy 📉

This fallacy is a cognitive bias that leads us to hold onto a losing investment because of the time, effort, or money it cost us to get in.

Sometimes it's wise to use a stop-loss order. End that trade and accept the loss.

This will allow you to focus on other new projects or investments. ✨

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#tradingpsychology #bitcoin #Ethereum #solana #DOGE