Hey guys! In this time of WC, I would just like to bring about a general question which I'm sure everyone has at least come across once before: How do you guys deal with monetary losses, be it from stock investing, gambling, wrong purchase decision?

Write down and focus on why u lost.

Think about the reason u make the purchase decision in the first place. Is the loss realised?

Lets say

1. Wrong Purchase - lesson learnt. It depends on the item value and why I purchased it in the first place. Refund? Resell? Suck it up?

2. Stock - revisit why you purchased it in the first place. Paper losses? Price fluctuations? Do you believe in your thesis?

I think this is what we call sunk cost fallacy. I would prefer to write it off and move on. because i find it i can't focus if there something behind my mind whether i should sell it or not. So thats how i deal with it.

Treat them as 'tuition' fees, move on from the mistakes, and learn the lessons. Everyone makes mistakes but they don't define you for the rest of your life. Pick yourself up and make the best from there onwards.