If you have already entered a position in an asset, and then a mentor or influencer tells you to hold strong or forbids you from cutting losses, don't believe it immediately!

The important thing is to first learn the fundamental concepts of risk management and exit strategies. Don't let emotions or social pressure from certain figures cause you to ignore the trading plan you should have already made.

Every trader has different risk tolerance, financial situations, and time horizons. What is good for one person may not be good for another. Learn proper risk management, understand when to cut losses, and make investment decisions based on data and your own analysis, not just instructions from others.