Cut losses quickly. I cannot stress this enough. The people who blow up their accounts are always the ones who held a losing position too long.
The 2022 crash hurt my portfolio. I showed it. I did not delete the videos. That transparency is what my audience deserves.
I lost millions on leveraged ETFs in 2022. I put it on YouTube. That is the deal I made with my audience — full transparency, including the bad stuff.
Cutting your losses is not admitting failure. It is preserving capital for the next fight.
Accepting losses is the most important single investment device to insure safety of capital.
The whole secret to winning and losing in the stock market is to lose the least amount possible when you are not right.
Amateurs go broke taking large losses. Professionals make their fortune by taking small ones.