Not true at all! Cut your losses quickly and let your winners run. Hope is not a risk management strategy.
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Not true at all! Cut your losses quickly and let your winners run. Hope is not a risk management strategy.
The fact that this isn't the first time the market has done something like this is definitely a reason to hold on. Each time there was a significant correction/dip like this it's always restored itself 5x over. It's not ''hope'' at the end of the day. It's logic and common sense to know that things like this happen occasionally in this type of market.