If your current positions are underwater, don’t overthink it. The key is to set an unwind plan by splitting your positions and managing risk:

For long positions opened at higher levels, there’s no need to panic and set a stop-loss. You can rely on the key support zones below to buy in batches and gradually lower your average entry cost;

For short positions opened at lower levels, be patient and wait for the rebound to repair the move. Add to your position at the rebound swing highs to form a hedge for unwinding and getting back on track.

In a ranging, choppy market, holding with a heavy position or making impulsive moves will only magnify your losses. The best strategy now is to participate lightly with range-based swing-trading rollovers, steadily reducing unrealized losses and regaining control of the trade.

The market still has opportunities to turn around. Being stuck in a position doesn’t mean you can’t recover and flip the situation. Move flexibly with the market’s range rhythm—getting back to breakeven and repairing your position is only a matter of time.