What to do when you're caught in a position?

1. Stop-loss and accept the loss = Watching a movie and realizing it's a bad film
Buy a ticket to enter (open a position), watch for 20 minutes and realize it's a bad film (wrong direction). Do you tough it out for 2 hours feeling uncomfortable, or leave immediately and lose the ticket money? Stop-loss is choosing to lose less and save time for other things.
2. Add margin = Borrow money to save the business
Your small shop is losing money (being caught), and you keep investing more money to hold on. You might turn things around, but you could also lose even more. The problem is: if the business itself isn't good, borrowing money only increases debt.
3. Lock in the position = Consoling both sides during an argument
You offend your wife (long position caught), and then try to appease her best friend (short position), both sides end up with gifts (using double margin). In the end, your wife is still upset, and the friend is unappreciative—losses are temporarily locked in, but you've spent twice as much, making it harder to unwind.
Core sentence:
Getting caught in a contract is like falling into a pit; don’t think about filling the hole first, just climb out first. Stop-loss is the ladder to climb out—though you lose the cost of the ladder, your life is saved.
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