In trading, it is called "cutting the lost", I think, before the lost grow bigger. I don't do trading, though.
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In trading, it is called "cutting the lost", I think, before the lost grow bigger. I don't do trading, though.
Thanks @putu300 I think you means cutting your losses? Yes that is a thing people use in trading. By setting up a stop-loss below a certain point.
Yep, do you pour more money into car repairs or buy a better car?
A little over simplified maybe but start somewhere.