In the case of an empty position, what can be done!
Patiently wait for trading opportunities. Left-side traders can wait for the market to come to gradually lower their opening costs, while right-side traders must wait until the market is confirmed before entering.
Before the upcoming market, I must control my hands and keep my emotions at bay. Right is right, and wrong is wrong in trading.
If the expected returns are not met, it is not a judgment issue but rather how the market itself behaves. Facts are facts; what was true before is still true now. Separating subjective concepts from market conditions makes trading much more bearable.
If you reach a loss, close the position. Losses are not because you are foolish.
Rather, they are due to the inherent fluctuations and risks of the market, just like in business where you must invest a certain amount of capital, energy, and time.
Business requires time and also the acceptance of losses, so why do you think investing and speculating should be different?
Not admitting mistakes leads to further losses or bankruptcy, which is the height of foolishness!
