Many profitable traders have went broke because they "thought" they were right and didn't take a small loss when they were proven wrong and it eventually wipe them out.
Remember traders can be wrong .
But the market can never be wrong.
The market is always right.
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If you are trading the major market indices and you make a mistake. Own it. Admit that you are wrong.
Move on.
NEVER be bullheaded and take a small day's loss and turn it into a big loss over time. twitter.com/MasterBJones/s…