we've all heard before that you need to keep losses small and let winners run. we also all know that something this simple, is hard to do. for the sake of this discussion, let's throw out scalping, or any type of trading that requires a high win %. although everyone probably knows what i'm going to say, i think it's a simple concept that many people don't have under control, although they know it's important. it's in our nature to want every trade to be a winner. i know if i were to make a trade right now, as soon as i made it, i'd want it to be a winner. because of this, it's easy to let a loser get away from us...hoping that it comes back so that it can be a winner. of course, this is not what you want at all. i know everyone knows this, but how many are handling all their trades the way they should? i won't know til i make money, but it wouldn't surprise me if a major key to trading is accepting that you aren't going to be right, and getting out of bad trades when you know you should. of course, it is good to be right as much as you can, but the reality is that you don't need to be right most of the time. yet even when you know this, it's still easy to want every trade to go your way. this is a major issue with trading, imo. the more you let losers go against you, the harder it is for the winners to make up for the losers. alright, i know everyone knows this already. my point is just that we don't need to be right. however, even if we know this to be true, it's still probably hard for many of us to exit losing trades fast.