One of my biggest mistakes in my trading in my past was not accepting a loss at my pre-defined level & moving my stop loss. Or not knowing my pre-defined level.

What should've been a small loss, turned out to be a big one, which often turned into me trying to make up for my mistake quickly which often led to a further loss.

Every once in a while when I tried to cheat that it always hurt me.

Getting rid of this mentality has done wonders for me. As I believe it will do to all of you.

It goes against our natural behavior. We hate being wrong. We are taught at school that being wrong is penalized by a bad mark.

So generally when the market moves against you, we do not want to admit it --> move SL.

Yet by admiting our wrongs & failiures we grow the most.

It is twisted schematic in society. Kill those bad habits & start growing with us. On the longevity path.