I will give you another example
Let's say an investor was unfortunate to have invested $100,000 in PPK at its peak of $19.71 in Aug 2021
If he/she stayed the course Buy and Hold till today, he/will would have lost -97.13% as the stock crashed to 56.5c, a wealth loss of $97.13k
However, if he/she was prepared to cut loss once it broke through the key $13+ support on adverse news in declining trend, say he/she got out at $13.04 in Oct 2021 and used the proceeds to buy into PLS at $2.20, today his/her position would be $92,021 which would be just 8% down from his/her principal. The $34k loss from cutting loose PPK got recouped from subsequent $25.8k gain from PLS.
The outcome is stark - Buy and Hold a Dog stock yielded a -$97k decline in value, while a No Denial switch from a Dog to a Star yielded a -$8k loss, a difference of $79k or 79% of original principal value.
This is why
* NO DENIAL NO PROCRASTINATION
* A DOG OF A STOCK WILL ONLY SHOW YOU MORE FLEAS OVER TIME
* DOING NOTHING IS DOING SOMETHING (in first case of Buy and Hold, investor decided to do nothing, this is going into the bottom drawer locked with keys thrown' commonly used in HC forum unprepared to cut losses early)
All time view
PPK Stock Price and Chart — ASX
PK — TradingViewPLS Stock Price and Chart — ASXLS — TradingView
