I know a few people who bought Bitcoins at $1,100 per coin. Some of them offloaded their stash at $400 per coin. Some others are still holding.
They must be crying every day they check the price charts now. And it doesn't look like it's going to be slowing down.
Maybe they'll buy in at $1100 again?
Or maybe they'll wait until this bitcoin ETF gets listed on NASDAQ. By then it might be over $2000
One certain cure for bad trading is to never close out a loss, but that isn't always realistic.
Absolutely NEVER reverse your position twice, at a loss both times.
^^^That way you avoid a repeated pattern of buying high and selling low.