Great tip. Yes, I have often found that closing a position frees up some critical thinking capacity that allows me re-stake based on the current conditions.marksmeets302 wrote: ↑Fri Jan 15, 2021 10:34 amI've often found that the moments where I almost want to puke because everything is going against me are the ones that provide the biggest opportunity. I think really good traders recognize those situations and are able to stay the course. My trick is to close the position which allows me to think clearly again. If I come to the conclusion the position is right I just get right back in.
An re: positions that make you want to puke. It is these moments that the weaker trader will close out in order to mitigate a loss, whereas the stronger trader will know that these moments are likely where things will swing back in their direction. I have experienced this moment many times and the better I get at trading the more money I make off these moments.