Do you insist on holding onto a losing trade? The need to be right can drain you of energy and it takes you away from the present moment.

You’re improving as a trader when you see where you’re wrong sooner, and stop defending yourself faster. Seeing that you’re wrong may not be the hard part, defending yourself, protecting yourself from the emotional vulnerability of being wrong often manifests as holding bad trades too long.

In a tug-of-war with a tiger, let go of the rope, you can always get a new rope, but you can’t replace your arm.