Sometimes, the feeling when you book loss before it hits the stop loss is more satisfying than winning the trade. They are the losers which have spared you from a bigger loss.
If you watch this video by Paul Tudor Jones
Paul Tudor Jones
( password for video = "view" )
He says he takes entry many times, getting out if it does not behaves as he wants.
We many have the correct analysis, but our timing might not be correct. So keep trying to get that trade, which we planned. But with every entry be ready to get out if it does not behaves as per our plan. Nothing wrong in getting out, rather than taking losses.
We can always Try again
Cutting losses has to be one of the top law in trading.