RE:THE EMOTIONAL COMPONENTDecisions on buying or selling should never be made on gain or losses.
That is true..
Thw worst thing to do when you are a losing side of a trade is to hold on longer than you should just because you think you have to show a gain every time.
Better to seel take your lumps and try again as circumsyances change.
That is how I look at it with those positions that I trade.