Another story of falling before dawn. Someone went long in the period from June to August last year at an average price of $3,040, accumulating 6,500 ETH. At its worst, the unrealized loss exceeded $9.55 million, and they held on for a full year. But today they deposited 6,595 ETH—about $17.57 million—into an exchange and cut their losses, shrinking their assets by 12.3%, for a real loss of $2.44 million. They once didn’t run even with a paper loss of ten million, yet they did run when down a little over two million. This is the hardest hurdle in trading: you can stomach losses, but you can’t hold on to get back to even. Position management is always more important than timing. #ETH