Stop ‘Marrying’ Your Stocks: How to Cut Losses and Protect Your Portfolio

One common mistake on the NGX is getting emotionally attached to a stock. You buy Dangote Cement at ₦800 and watch it drop to ₦600. Instead of cutting your loss, you hold — months later it’s at ₦450. This ‘marrying a stock’ trap leads to bigger losses. Signs include checking prices every morning, defending the stock in group chats, averaging down a losing position, or holding for years just to break even. Instead, set a stop-loss before you trade and define a target price. Exit when you hit your goal. Let data, not emotion, guide your decisions. Which stock have you ‘married’ before? Share your story below!

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.