I hate to admit i'm wrong and just follow Rule #1 and lose a little. It's crazy, stupid; i know. I have a problem; i need help.

No seriously. I could make more money if i cut losses quickly, obviously. Instead, i have often held through down cycles just to barely break even. If instead i would cut quickly and watch, then get back in, i would be more profitable. I just need to develop the discipline to watch closely even when i don't have a position as if i did have a position, and i could capitalize on much better opportunities.

I've taken out huge positions because i had the luxury of funding past the day-trade limit rule, so i'd often start small, buy down my average if i missed the dip instead of exiting and re-entering. With that degenerate method, i end up with shitty averages and executing trades with about a 70% downside and 30% upside, waiting for days to breakeven. I've only survived breaking the rules because this has been a crazy market during the pandemic, and over and over i would be underwater and the stock would spike again and it would be like another ass-saving comeback. Not every time, but almost.

Having a huge position underwater is a very dangerous way to trade, though. The time could be coming soon when the market changes and ass-saving comebacks don't happen anymore. I've heard of and experienced summer trading and holiday trading now for the first time, and i've heard of the January effect but never traded through one. 

Also, i missed out on a lot of opportunities because all my money was tied up in losing opens. I watched the epic June 30th CYDY crack, chart with all that red in front of me, knowing it was such a history-making panic that i had my non-trading wife come and watch. But when it hit bottom and it was time to dip buy, i didn't have a fucking dime to get in on the action even though i have 3 accounts above PDT, because i was chock-full of losing opens.

To further illustrate my point: my Avg % Gain is shitily low because i've often just scalped or waited weeks to barely break even. And my biggest loss is much greater than my biggest win because i waited too long to cut losses instead of cutting them quickly.

Tim Sykes teaches to not be afraid to lose, and i admit that i am. I should NOT be afraid to lose often especially if it is small. I should be afraid to lose BIG, and that can be avoided by losing small and more often. There is no reason to hold back getting out and back in because i'm not under PDT and i've enabled margin so i don't even have to let it settle. So I'm happy to now say that i've gotten rid of all my losing opens and i'm in all cash (except for my BitCoin).

So one of the things i resolve to do in 2021, is get more losses under my belt; it'll make me a better trader.