It’s human psychology. Some people’s ego keeps them from selling. Because then a person needs to acknowledge they were wrong. And some people’s ego won’t let them admit they were wrong. Those are the people that become entrenched in their position, and their ego forces them to go down with the ship.
Rule number 1....never fall in love with a ticker.
Rule number 2.....don’t let your ego blind you, keep you entrenched in a ticker
Rule number 3.....have a stop/loss in place to limit your downside risk
Rule number 4.....if you’re luck enough to have a 100% gain on a ticker, sell half the position. By doing so you’ve taken your original investment off the table. The shares you have remaining in the company are “free shares”
Rule number 5..... nobody ever went broke taking profits
Rule number 6... keep track of the red flags. When the red flags start adding up, get out...ask questions later
With GRNF... I’ve never seen this many red flags