The Importance of Recognizing When Things Are Going Right

When you start to notice that you're taking a lot of losses, right? So maybe you're wrong like five times in a row. You're forced to cut and sell and protect your principal at that point. A lot of times it might not be you. It's the market, right? The market's choppy. The market might be getting more dangerous. And so you want to reduce your position size is you don't want to have as much money to expose to that point.