Anonim Belajar Cut-Loss dari Gerald M. Loeb
Tulis Gerald M. Loeb di buku The Battle for Investment Survival : But it is sound policy to get out of long positions which begin to prove themselves wrong by declining in price. This is the one automatic proceeding in handling securities, the only proceeding in which no judgment is needed. Adalah tindakan yang bijaksana untuk menjual saham yang harganya turun. Ini adalah satu tindakan otomatis saat bermain saham, satu-satunya tindakan yang tidak perlu pemikiran lebih lanjut. Losses must always be "cut.' They must be cut quickly, long before they become any financial consequence. After the elimination of a stock in this manner, the transaction must be, in a sense, forgotten. It must be left out of future consideration so completely that there is no sentimental bar to reinstating the position at higher level, either very soon or at any later date, if the purchase again seems strongly advisable. Kerugian harus selalu di "potong." Kerugian harus dipotong secepat mungkin...