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failure to exercise the frontal lobe
Yup, the "high" of a pump and the prospect of more instant wealth, prevents people from selling. Sometimes it's time to sell, even if it's not at the peak. It's better than holding the bags until the deep deep valley.
Although selling the hill instead of the mountain can happen too, look at all the BTC stories where people recount how much BTC they had in the past before selling at 1 or 2 thousands.
Best to have a well defined strategy before executing any trade.
Now you do have to be disciplined. !LOLZ