Loss aversion hits 2x harder than gains feel good.
That's why most traders:
→ Exit winners way too early
→ Baghold losers into oblivion
You tell yourself you're "not locking in the loss" but really you're just bleeding out slowly. Fear of admitting you're wrong = how you get rekt the hardest.
Fix: Set stop losses BEFORE you enter.
Take the emotion out. Let the system decide. Your lizard brain will thank you later when you still have capital to trade with.
Discipline > hope.
That's why most traders:
→ Exit winners way too early
→ Baghold losers into oblivion
You tell yourself you're "not locking in the loss" but really you're just bleeding out slowly. Fear of admitting you're wrong = how you get rekt the hardest.
Fix: Set stop losses BEFORE you enter.
Take the emotion out. Let the system decide. Your lizard brain will thank you later when you still have capital to trade with.
Discipline > hope.
