The most underrated concept in trading:
Opportunity cost.
Most traders focus on the loss they're sitting in.
They should be focused on the profit they're missing.
Here's what I mean.
You hold a losing position for 2 months.
It's down 20%. You're "waiting for it to come back."
But what actually happened in those 2 months?
Your capital was locked.
You couldn't act on anything.
You watched setups come and go.
You missed the move you actually saw coming.
Now flip it.
You followed your plan. Stop hit at -5%. You moved on.
That 5% is recoverable in a week on the right trade.
The capital is free to work again.
You're in control.
The position didn't just cost you 20%.
It cost you every single trade you couldn't take while you were in it.
That's opportunity cost.
Once you start thinking about your capital as a tool - not something to protect your ego with - trading stops being a hobby.
It becomes a business.
If you're struggling to take losses, save this and read this everytime you feel the need to.