Successful traders manage the downside, they don’t worry about the upside.
Every Trader should manger Their Loss And Cut the loss as soon as possible and Leave the Profit Booking on Market.
There were many Chances when Market is ready to give you Rs.10-12/- Rs Profit per share but Due to fear Of Losing Money People exit early Just by Taking Rs.1-2/- per share.
People are ready to accept Rs.4-5/- per share Loss but They are not ready Take Rs.4-5/- Per share profit. Why? When Someone see Profits on screen They try to Exit as soon as possible from the trade but when They see Loss on screen They wait wait & wait for Hours(Intraday), Months, Years and this can goes for Lifetime.