If you want to grow, admit defeat. If you cannot admit defeat, think of another method
If you want to increase, it’s faster to admit a loss
It’s a quick way to admit the loss
This is easy to understand if you’re trading with the trend following strategy
You just need to change the direction of the trend following
But not being able to admit a loss
still varies by logic, doesn’t it
Trend-following is a logic that tends to make it easier to admit a loss
Contrarian strategies tend to make it harder to admit a loss
I think this is more a matter of intuition, etc.
If you can’t admit a loss, it’s recommended to consider alternative methods
This is like “incorporating hedging to make profits while keeping losses small, then resolving them later”
Or making profits with hedged positions or multiple positions and then resolving losses
If you can’t admit a loss, there are ways
If you can’t admit a loss, many times you are scaling in (averaging in),
switch to a single-shot trade
Even with a trend-following stop-loss
I think you should make some change and tackle it
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