Exit Losing Position Quickly

Be honest with yourself. How many of your losing trades have ever come-back? For any that did come back, how much time had past?

Include in your trading plan to exit a losing position quickly. Consider this: If you buy stocks for profit then why hold onto one that is going against your goal? Emotions should not be a part of your trading plan. We expect integrity from others, therefore, have integrity with yourself.

Remember all that time that had past waiting for a losing stock to come-back? That investment capital should have been working for you somewhere else.