Losses Turned Experience


After a contract liquidation: Why "not cutting losses" is the most expensive decision
In futures trading, the most costly thing isn't fees, not funding rates, but the words "refusing to admit defeat."
A repeatedly validated rule: when the price drops below your entry logic, your first reaction should be to reassess your logic, not immediately look for money to add to your position.
Adding to a position in 99% of cases isn't because "the outlook has improved," but because "I don't want to lose." The former is investing, the latter is throwing a tantrum.
A transferable rule: setting a stop-loss isn't about "predicting the market," but about "managing your ignorance." You will never know whether this pullback is a shakeout or a reversal, but you can control how much you lose.
In futures trading, those who survive are not the ones who see the market direction most accurately, but those who set their stop-loss the fastest.
Another piece of trivia: if you've already stopped out twice on the same trade, before entering a third time, ask yourself—am I really trading, or just fighting the market? If the answer is the latter, turn off the screen.
How great would it have been if I had understood this principle earlier?
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