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Underwater traders resist closing positions, leading to bigger losses - learning to accept losses improves trading.

From He Figured Out What 99% of Traders Never Do | Ft. Loma · jumps to 1:15:58 · speech

▶ Open at 1:15:58 on YouTube
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Very angry, very angry at people who are telling you the truth. People who are underwater are much angrier than people who have already been stopped out or just like accepted the loss, you know? And that's one of the most difficult parts in trading and what happens to a lot of people is like that loser becomes bigger than you planned because you're unwilling this to just accept the loss and realize like, you know, if you would have closed that Bismuth position when you were only down 30K, you could have salvaged some of that money, but you also just sometimes, especially early on, you just have this mental block where like, I'm riding this thing is zero. Like there is no, there is no, you know, exiting early and once you learn this and you realize like actually use a great sense of relief in just letting go, it'll make you a better trader.
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