When you start something or invest your money, you want to make a profit. No one starts doing something to make losses. But things do not always go the way you see they should go.
So there will be losses. How you minimize your losses, you need to think about that earlier. When you see it does not go in your direction and you start losing money, you need to cut your loss fast. So how much you are willing to lose, you should determine that earlier.
When you make losses, you are upset. You want to recover from the loss quickly. It is like you are doing something to take revenge. At that time, you might make the wrong decision with a view to recovering losses quickly. As a result, you end up losing more money. Take a break when there is loss. Later when you come back, you can think clearly and make decisions effectively. Let's watch this video.
Please feel free to share your thoughts in the comment section. Thank you for watching the video.
Source: 1, and 2.
Image: 1, 2, 3, 4 and 5.
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Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about lifestyle, martial arts, business, and finance. I'm glad to meet amazing people all over the world.
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