As long as you can gain a profit at the end of the day that's the essence of trading not always we are winning our trades we know how does the market is so volatile so the reason why trader makes an analysis do they cut their losses or still holding and now if you see a chance to get back for another trade making a position is the best suitable idea but again with a proper execution and plan and not just by getting carried with your emotions.
Yeah that was its essence because I think there is no fun part here. I mean we are only seeing the charts, numbers, lines, at all times. If it was gambling then it is fine to lose because we still can get a bit of entertainment here.
However in trading, whether we like it or not, there will still be times that we can end up as a loser. This is only normal but as long as it is not too much. I don't mean that the capital that we risk is high but I mean the number of times we lose versus the number of times we win or profiting. Risking capital that we can afford to lose is still necessary even though we are confident already about our ability.
Volatile market must be normal and this is why it is possible for traders to profit. Analysing is not only for cutting losses but it is also for earning more profits. Trading is not always about selling and buying but like you said, holding can also be adopted here as a strategy. This helps us to recover and still bounce back in a losing trade. Planning must also be there and this can make us to execute properly with or without the involvement of our emotions.
We count our wins once we're done in trading not during the trades not all trades are wins.
This is what they say that we must not count the chickens first if the egg is not yet hatched. I think it is because not all eggs can successfully hatched or if they can hatched, not all are going to survived.