in some of the groups im in. I've noticed a really common theme lately where people just hold onto a bad trade wayyyy too long. they just can't let it go. they can't accept the loss, so the loss grows they commit to a position based on what they have already lost. Instead of focusing on forward looking expected value. their decisions are based on the past losses vs future opportunities. which is basically just the sunk cost fallacy Rationally. You are suppose to allocate capital to the best risk adjusted places regardless of where prices currently sit. the market doesn't know or care what we paid for something. one has been in eth since last year. he has known he can get better returns since then, but has been frozen. there is obviously a financial cost to it, but there is an emotional cost as well, and then the opportunity cost. all 3 can be very expensive. a lot of that is also just a result of thesis drift where the original thesis gets invalidated and then a new thesis arrives on why the trade should continue if you think there is a better opportunity elsewhere, and have something to support it then i think its better to make the jump. its a big reason why i mainly switched to stocks over a year ago. you could see the bubble brewing. its part of a mental framework we all have to work on, and constantly improve on.(🐧)