Let's put together some good advice to deal with paper loss.
Paper loss is defined as losses that has not realized yet.
In long case, say you brought ABC@50 and now it is @30 and still going lower.
In short case, say you shorted ABC@70 and now it is@85 and still moving higher...
Sometimes people just can't take their mind off those paper losses. Let's discuss the ways to deal with them effectively.
I think that learning to deal with paper loss effectively can make a person a much better trader , long or short.
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