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WarlockofWallstreet : this helped me out alot, puts things into perspective. it's best to cut losses asap, rather than have big losses. At minus 97% you will need 3222% gains to break even.
ex: you have 10k account. You only use 10% =1000$ per trade. Cut losses at -10% to max -20%. that's is 1% to 2% of your account.
this allows you to only have to be correct 60% of the time and still be in the possitive over time.