[tellak]

You’re oversimplifying.. selling while everyone else is often due to irrationality, but quite often it is the best move. In the case of a crashing asset that is determined to be unlikely to recover, selling with “everyone” else is the rational action. cf cutting your losses. In fact I’ve feel like more experienced investors are prone to the opposite problem... irrationally holding on to a hopeless asset when they could have cut it.

[evanweaver]

Cut your losses and let your winners run.