I fighting burnng desire to close my sugar long outright. I hate when trade is not going as I expected. May be will take small loss. Or can close half position outright than watching how things will go and if it continues going against me I can close the rest. On the other hand, if that 0.1390-0.1400 level is taken to upside again I can add back closed half.
It is complicated. But I hate taking full losses. Made number of mistakes this week around cad. it was fortunate I did realize what was going on in time and closed all my positions outright. cost me a bit but otherwise I would lose 4-5%. so far, it is 1000 cuts. small losers.
Now the most important is to properly manage winners and cut losers short.
I am short all grains. having doubts about corn cause unlike beans and wheat it is still in the range. But , considering all grains are coming down logic has been corn should follow. I can close it today just to reduce possible risk a bit and free some margin for some other trades.