Hold winning positions, take small losses

I would be telling a lie if I told you I am not worried that stocks are going to tank in the coming days ahead.

After last friday's drop (see above), in practically every market in the world, the feelings of greed, fear, hope, ego are playing in my mind.  Should I just take my profits and get out while I can?

As I am telling you this, I am also reminding myself that :

• I must not think of the money to be gained or lost
• I must be willing to cut my losses, and be disciplined to stick to my trade plan
• I must not seek to be proven right in my trading decisions. No ego please.  My foremost concern is to execute with precision according to my planned strategy. 

Most traders hold their losing positions and take small profits.  I must seek to adopt the opposite approach, which is to hold winning positions and take small losses.