Sometimes traders say "confidence" is important. I didn& #39;t get it, but starting to now. When you believe in your own abilities, you don& #39;t latch onto one stock/strategy/style. Cutting a loss or taking a profit is easy if you know there& #39;s always another good trade around the corner.
As opposed to when a trade is "the opportunity of a lifetime" or if it& #39;s "make or break." If everything comes down to this, you& #39;re emotionally invested and can& #39;t think clearly. Experience brings the perspective that new opportunities will appear and you& #39;ll be able to find them.