
Midnight Ninja
Total AssetsThat makes sense. Cut losses in time, take profits in time.

$Invesco QQQ Trust(QQQ.US)$Proshares UltraPro QQQ(TQQQ.US)$Proshares UltraPro QQQ(TQQQ.US) Good morning. Basically wiped out, sold the remaining $20k, and at one o'clock, I fell asleep as soon as my head hit the pillow. So someone might ask, you've already lost $200k, why not keep the remaining $20k to gamble a bit, what if it comes back? I really don't need that $20k. Sunk cost! A loss is a loss. The probability of it coming back later is basically zero, maybe 2%, or 5%, etc. Also, I'm absolutely not adding to my position to gamble. The market is always right, the mistake is always your own. Every wrong step is reflected in the state of losing money. You're losing money and you still want to add to your position, and you can't bear to cut your losses. I lost $230k down to $20k and I still cut my losses. Opportunities are always there. You act on impulse and go all in, then blame your bad luck, and still fantasize about how great it would be if the all-in position went up. You can win 99 times, but if you lose once, it's over. Then you're back to being suicidal, feeling life is really tiring, and that the whole world is picking on you? You don't study seriously, before you buy or deposit money, you don't consider all the worst-case scenarios, you only think about what if I get rich, what if I multiply my money, fantasizing about buying luxury cars, mansions. You just don't think about what would happen if I lost everything. Still thinking about where I can get more money to recoup my losses, not thinking about what to do if I lose the last bit of money. Making money means luxury cars, mansions, beautiful women, losing money means I jump off a building? This kind of person doesn't deserve sympathy, because the final outcome was predetermined long ago, it's just a matter of sooner or later!
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