#美联储恢复降息进程 I have seen too many people stubbornly holding onto losing positions, enduring a paper loss from -10% to -50%, still comforting themselves with "waiting for a rebound." This is not determination; it is the inability to face the fact of having made a wrong judgment. The most frightening thing in trading is using new mistakes to cover up old mistakes—positions becoming deeper and deeper, and the mindset becoming more and more distorted.

In fact, the market never cares about your position cost. Those beliefs of "I won't count it as a loss if I don't sell" are essentially a struggle with one's own ego. True veterans understand: admitting mistakes is painful, but it's much lighter than the pain of an account going to zero. When it's time to cut losses, don't hesitate; as long as there's still a chance to turn things around, you can make a comeback.