I eat the loss once my stops hit. non-negotiable. i dont wait for a reversal. 90% of the time, if u're stubborn enough, the trade WILL reverse, and u will get bailed out. But then it becomes a habit, and u do it again & again until the day of reckoning comes. Not worth it.
Ppl undererestimate how quickly one bad decision can snowball into an addiction. The dopamine rush u get from being down BIG on a position, just to have it reverse & turn into a huge win, is intoxicating. pure cocaine. u WILL do it again & again, and wonder "wtf is wrong with me"
So just avoid going down that route. Id rather take the loss and re-enter later than baghold hoping for a pullback. It drains mental capital. Plus as a trader u're supposed to capitalize off OTHER bagged traders, u're not supposed to be one of them.
#BearTipOfTheDay
#BearTipOfTheDay
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