“When you realize you’re stuck in a hole, the most important thing is to stop digging.” — Warren Buffett

Wow…

Nampin EA is stuck in a deep hole, quite severely…

The moment I look at the chart,

it's a sight I would rather avert my eyes from.

“It’s only a temporary drawdown.”

“It should come back eventually.”

“If you stop here, everything will be for nothing.”

…Those voices begin to chatter loudly in my head.

I don’t want to think about it, but

sadly, this is happening in reality.

In times like this,

Warren Buffett would surely say something like this:

“Stop digging.

And withdraw.”

“Huh?

Are you saying I should cut my losses?”

When asked that,

he would immediately reply as follows.

“Of course.

Hope is the enemy.”

Nampin isn’t inherently bad.

There are certainly situations where it is a valid strategy.

However,

continuing to dig after realizing you’re “in a hole”

is no longer a strategy; it’s simply obsession.

The market does not show mercy.

Wishes, prayers, and reflections

will not move the rate even by a single pip.

It’s a very painful decision.

Considering the time and effort accumulated so far,

it becomes even more so.

Nevertheless—

to survive, there are times when retreat is necessary.

People who survive in the market are

not those who hit the mark

but those who can make the decision to quit.

The courage to stop digging.

That is by no means a defeat.

Well then, until next time.