The Anchored Coin

Card meaning

A coin lies at the bottom of the water, chained to an anchor, while a diver grips the chain and refuses to surface. It is like holding a broken idea or losing position only because you have already lost money in it.

“Chasing lost money can cost you your future.”

Signs to notice

• “I can’t sell now, I’m down too much”
• Emotional attachment to the entry price
• Refusing to accept a loss that already exists
• Hope as strategy

Lessons to learn

• Sunk costs are gone forever.
• Decisions are made from the present, not the past.
• The market does not care what you paid.
• Free yourself from the anchor.