Never in my life I understood that obsession some people have of bagholding some coin while it bleeds to zero in hopes of a bounce to exit at break-even. Just cut it and move onto the next plays if it has no signs of life, no? And if that baghold that you cut finally reverses and your thesis starts plays out - get back in on positive trend w clear defined SL and RR. The worst thing a trader can do in my opinion is to marry the bag and the bias and lock capital into some stuff, while stopping paying attention to new opportunities that rise out there pretty much every single day just bcs he looks at chart of that bleeding coin every 15 minutes daily in hopes that this was the bottom.
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