The most torturous thing in trading has never been judging the wrong direction, but knowing it's wrong yet being unable to muster the courage to exit.

During a sharp surge, too many accounts' unrealized losses have long exceeded what they can bear. Adding positions, locking in losses, adding more, locking again— the more you tinker, the less room there is to maneuver, ultimately getting trapped in your position and unable to move.

Some people place all their hope of recovery on a faint hope of a retracement. Even if they are lucky enough to wait for it, this small-probability "break-even" will turn into an even more dangerous lesson. A fleeting lucky escape dragged out over time causes far more damage to the account than a decisive stop-loss.

The market will never show mercy just because you lost a lot. It moves at its own pace, unbiased toward anyone. To survive in the market, you must admit mistakes, adjust your positions, and take control, rather than betting on the stubborn hope of recouping losses.