Dealer? “Dealer”/Collector? Or Collector only!

[cardsagain74]

Originally Posted by steve B

Don't marry your mistakes.
Everyone buys stuff that simply won't sell for a profit.

This is probably the most classic mistake that people make when buying/selling, regardless of whether it's cards, stocks, or anything else.

There's that whole perception of a "paper" loss not existing, and that's such a fallacy. People forget that they've still lost the same value, regardless of whether or not they're still holding the asset.

The only difference (other than tax treatment) in that and a realized loss is that you're still invested at the current market price.