Cutting losses is like a sickness, worse than FOMO (Fear Of Missing Out) and overtrading
Cutting losses other than chasing trend is one illness
Same as the gambling mindset, it’s troublesome
No matter how much the results look, you keep cutting losses
You end up self-destructively and collectively losing, producing worse results than chasing trend
Cutting losses is one of the devilish techniques that arises from such accumulated habits
Nanpin (averaging down) is not the only path to self-destruction
Rather, we must not forget that “averaging down is a strategy to make profits”
If you take time, profits will come
Even more so if the result moves toward averaging down
However, cutting losses is an action toward that temporary direction
If you do the same even in markets where you are unlikely to survive in the end
You will just lose in the end, so it yields little meaning
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