Lesson 5: Anchoring: Stuck on the Price You Paid. The price you paid is invisible to the market. To your brain it's the only price that matters.
You paid $120. It's $85. Does the market care?
Trust your gut before we name the trap.
Assessment
You bought a stock at $120. It's now $85, and you catch yourself thinking 'I'll sell once it's back to $120.' Does the market care what you paid?
You paid $120. Who else knows that? 🤔