- Reasons
- Pre-occupied by losses, especially losses accumulated in the day.
- Want to turn the running losses to break-even or positive first, before doing trades to make money, which is illogical.
- Afraid that whatever small profits will go away.
- Solutions
- Don’t look at the running P&L during the day.
- Exit only when stopped out.
- When you feel like getting out, ask yourself, if your original reason for taking the trade still valid? is the trend still valid? If yes, stay in the trade.
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