to close a trade you need to identify if the trend will continue against you in the long term if that happens you might consider closing

"If I had to give just one piece of advice from what I've learned in my journey as a trader, it would be this:..."

One of the most common mistakes when opening a position is not closing it in time when it is at a loss. Often, we avoid closing out of fear of feeling like we've lost money, and we postpone the decision in the hope that the price will recover. However, this mindset is a mistake.
It is crucial to understand that taking a small loss in time is the best way to avoid a much larger loss in the future. Closing a position in the red is not a failure, but a smart decision to protect your capital. Remember: in trading, as in life, sometimes it is necessary to let go of something in time to avoid greater suffering.