Chart, page-15739

Then you're still holding a losing trade.
Which is ok if you're conviction investor that's well diversified and employs risk management strategies.
Not so much if you got all your egg in single basket and letting the losses mount in hope of some future payday.
The HC is full of threads with conviction investors that lost it all. Risky business.
But if you can't decide if you're a trader or investor and all your bad trades become "LT investment" that's the really dangerous way to go about it.