This conversation will never come to an end because its individual’s choice to sit or to cut the position in profit or loss, doesn’t matter you are a trader or an investor. It’s more about the psychology of greed and fear.
I have no intention of debating as the discussion is endless, I was just presenting a different perspective, that there is another side to it.
We all have our own approaches and strategies to investing or trading, and if our approaches and strategies are making us profitable, we are happy, what else we want 
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Thanks for having a good conversation with us.
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If one has an open mind, he can learn from opposing arguments too, it makes his him more knowledgeable, I am here for this, for learning with both like minded people and others. Learning whatever I can in every which way I can.