After the anchor . three things to keep on a Saturday
The stock owes you nothing. It does not even know you exist. Your buy price is your memory, not the market's.
01
Decide forward. Every position is a fresh allocation today, not a memorial to the day you bought it. "Would I buy this here, this size, this conviction" is the only question that pays.
02
Sunk costs are sunk. The 22 pct loss is already paid. Holding does not unpay it. You are now choosing between two future positions, not undoing a past one.
03
Opportunity cost compounds at market rates, not zero. A dead position is not free. It quietly trades places with the position you never opened. Five years of waiting on Rs 1L cost Rs 76234 you cannot see.
If a position has been red and frozen for over a year, the right test is not whether it will recover. It is whether you would buy it again today, at this size, knowing what you know now.rupeecase.com / learn
Anchoring documented Tversky and Kahneman 1974 Science . Disposition effect Odean 1998 Journal of Finance Vol 53 . cited here for educational reference only.