When position is deep underwater. Cutting loss or reversing position is prudent. If reversing position and volatility then increases, it should benefit self. If volatility drops, I have two choice. To increase size or to increase time horizon to return the pnl to neutral. Increasing size at this point is dangerous due to risk of whipsaw. Mindset will be unstable. If mindset is to go for death match. It will be detrimental to book.
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