Trading psychology wisdom of the day: If you hold on to your losing trades too long because:
-you're a perfectionist,
-it makes you ill to take a loss,
-or you think of losses as proof you're a "bad trader",
try reframing it as: "losing small to win big."
Cutting your loss quickly because price action is signaling the start of a new trend allows you to ride the next big wave. It's the entrance fee that gives you access to a potentially much better trade.