…to be right or wrong in a trade is NOT a decision. It is what happens. To STAY right or wrong IS a decision..we all trade what we believe happens next. Since NOBODY knows what happens next, we learn to think purely in probabilities. Does not matter what happens next. It is what you DO when you find out what happens next that separates winning traders from losing traders.
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It is a marathon, not a sprint. Your job ONE as a trader is to protect trading equity. Most traders look at what they can make in a trade. NOT what they could lose.
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Trade markets on YOUR terms…as the saying goes…much rather be in cash wishing I was in the market than being in the market wishing I was in cash.