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" ... Tax-loss harvesting is all about saving on taxes, not so much about investing. So, on some occasions, you may want to just temporarily sell some portion of an investment holding to take a tax loss now, with the goal of rebuying the same investment in the future. When tax-loss harvesting is not done properly, it will create a wash-sale that will eliminate the tax benefits of buying and selling. ... "
" ... “I never gave up,” Hellmuth told Forbes. “It’s easy to get emotional and down when you’re short, and then throw your last chips into the pot trying to get lucky. But, I’m used to playing a shorter stack in cash games and not rebuying when I’m short.” ... "