Loss isn’t the failure of a trade. What’s truly failure is not being able to withstand losses, or arbitrarily adding to the position to dilute your cost.
The market won’t always move in your favor. Accept a small loss, and you’ll be able to protect your principal.
The hardest thing about trading has never been understanding the market—it’s restraining your own hand. Opportunities are never-ending, but when the market isn’t yours, patience and observing from the sidelines is how you make money.
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