If you find yourself in a losing position and then add to a loss or widen the stop loss with the goal in mind: “I just want to get out for break even,” close the trade immediately and move on! Holding onto a losing trade can lead to even greater losses. It's crucial to stick to your trading plan and not let emotions dictate your decisions. Accepting a small loss is better than risking your entire account. Learn from the experience and use it to improve your strategy. Remember, discipline and risk management are key to long-term success in trading.