you took some money at 2700 ...perhaps tomorrow when it is at 12,367 you will think how could i make that mistake .... trading is a game, a casino game. ... you stick with your trade until your gut takes you out ... no science just human behavior ... no need to "technify" it ... always the situation in which a person finds themselves dictates behavior .. if well off you can hold on to your trade until who knows when ... if you need the $$ to get the next loaf of bread you will be scared shitless ... and then you take out the trade ...
Yeah, I realize that it is a gambling. whether I choose to take it out at $2700 instead of $27,000 is not as relevant as the timing. That is my point.
Not sure many in this audience has stared death down as many times as I have. Not boasting - wish I hadn't, and still didn't have to think about it on a daily basis.
Time is more valuable than money.