In the beginning, there are quite a few people who cannot cut losses, right?
I myself have had the same experience. Those failures, if persisted, can definitely be overcome in the future.
The first stock I purchased, the immediate decline after purchase, and the rebound the next day after selling. What causes such experiences to hold back one's progress?
After experiencing that, thinking that it may rebound next, I kept holding it, but it kept falling, unable to endure mentally, eventually stuck with it, couldn't bear it, cut losses, big loss.←This is important。
But there is resistance here again.
Even though I was thinking of selling when it returns, it never does.
Next, when I come back at least to the original stock price, I think I will sell. And thinking that way means there is a part of me predicting an increase.
In other words, it may be the lowest price now. If you are predicting an increase, you should buy more.
By increasing your buy, you can lower the average acquisition cost. If you bought shares at 100 yen and then entered at 50 yen, the average would be 75 yen. You can lower the line that says to sell when it comes back. This is averaging down.
But even if you average down, the price keeps dropping, unable to withstand it, and eventually sell.←This is important
In the end, Trading driven by mental and emotions...