The essence of holding a position is not admitting you were wrong.
Have you ever made a trade like this:
When you first enter, you are very confident.
Clear logic, clear direction, and you've even calculated the profit margin in your mind.
Before long, the market starts to go the other way.
At first, you are calm.
You take a glance at the chart and think:
"It's not a big problem, just normal fluctuations."
After walking a bit more, you start to comfort yourself:
"Maybe it's just a washout."
After walking a bit more, you start to feel a little uncomfortable.
But you won't leave.
Because you start to think about one thing:
👉 What if it rebounds just when you leave now?
So you choose to hold on.