The art of selling a losing position is a key skill in the science of risk management. When you are in a trade that is losing money you have to know when it is time to exit and accept the loss. In theory stop losses and keeping your losses small are simple in concept but in practice there is both a science and art in selling a losing position. Here are ten things to consider when selling a losing position. 1. No trade should be entered without a stop loss exit strategy. You must know where you will get out before you get in. 2. A stop loss should be set outside the normal range of price action at a level that will ... (full story)