Quote:
Originally Posted by steve B
Don't marry your mistakes.
Everyone buys stuff that simply won't sell for a profit.
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This is probably the most classic mistake that people make when buying/selling, regardless of whether it's cards, stocks, or anything else.
There's that whole perception of a "paper" loss not existing, and that's such a fallacy. People forget that they've still lost the same value, regardless of whether or not they're still holding the asset.
The only difference (other than tax treatment) in that and a realized loss is that you're still invested at the current market price.