My fears while trading

 All my losses has been made with the intention to cut losses out of fear of making losses. however would not have resulted in the losses had i left the position as it is as the positions were anyway sufficiently OTM and the position has recovered after i booked losses. 

Most of the losses is after the day of fall - which means that having seen the fall has shattered the confidence and subsequent news flows has already shatter our confidence in the market. the next day even if there is slight indication of market falling further, i cover the loss positions in the fear. 

Some of the adjustment that i have made - has resulted in avoiding losses and these adjustments were thought through with exact scenarios played back in mind in the morning and implemented during the day. However the trade that i have taken in panic without plan has always resulted in losses and not let me to think of adjustment trade. 

Now that we know that my losses are majorly because of 2 reasons

1. Not giving time to the position to recover - wait till VIX lowers and market bounce back

2. Not having the hedge - makes me think of possibility of theoretical unlimited losses  which may not happen mostly 

3. Not having enough margin to adjust - due to carrying the trade till last week which leads to additional margin requirement , margin inefficient strategies - short strangles instead of iron condor and playing till the last money- when markets are volatile reduce the position sizes and keep money waiting for VIX to raise to redeploy 

4. Not maximising the tested side - rolling up the call side when market crashed - increased IV would have given more premium 

5.  loss is just a number - do not get carried away with that number - you can make any -ve number to positive by rolling over mutliple times 

If you are not comfortable in holding the position for any reason - All i have to do is buy more time from the market by moving the position to next expiry