Old man loves to repeat the same old stories over again and again to younger ones. You listen until sianz; but not the old man who does the talking.
Cutting losses is also market timing. Are we really good at market timing?
Cutting losses into cash (Exits) is not the same as switching horses. When we have locked in negative return by cutting losses into cash it becomes very hard to recover from cash position as it will require another market timing to get the right Entries. How good are we?
What Uncle8888 did at last GFC ...
Read? No Stop losses
Bleeding heart when we have large paper losses as the more we look at them the more it becomes so real and bleeding!