u/Fantastic_Ad7050

i traded with 3x more capital than I had actually allocated for trading. At the time, I did not fully think through the fact that this capital could go to zero.

One hard lesson I have learned is that booking losses is part of trading. Trying to make money every single day can push you into bad decisions, overtrading, and revenge trading.

For traders who have been trading with discipline for a few years, what lesson did you learn the hard way?

PS:should I book the loss and move on, or wait and hope the trade recovers? How do disciplined traders decide this?