If you can't take a small loss, sooner or later you will take the mother of all losses.
In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3)picking a good spot to buy or sell.
Everybody gets what they want out of the market.
I turn bullish at the instant my buy stop is hit, and stay bullish until my sell stop is hit.
Losing a position is aggravating, whereas losing your nerve is devastating.
Itโs all about sticking to your plan and experiencing feelings as they arise. If you are unwilling to feel your feelings, the temptation is to avoid them by jumping off your system