How do you feel when your trading position goes against you? Do you react instinctively or do you follow a specific plan of action? Here’s what Richard Dennis has to say about this issue: “When things go bad, traders shouldn’t stick their head in the sand and just hope it gets better. You should always have a worst-case point. The only choice should be to get out quicker. The worst mistake a trader can make is to miss a major profit opportunity. 95 percent of profits come from only 5 percent of the trades.” Ignoring issues will usually carry negative consequences in the future. Have a well-researched plan and execute it with focus!