Case Study: Poor trade managment--XIV

"The money is made in the trade entry" - ICT

This exit (the bold arrow) was definitely confirmed by futures action (backwardation) on that day, April 7th:

There was no excuse not to get out.

Takeaway from this trade: every day attempt to analyze the position impartially and anticipate future direction. I have a very hard time "trusting" myself I guess, although I'm usually right. When I'm in a trade that's going south and I anticipate it doing that...I'm hoping I'm wrong. I'm holding on hoping I'll be surprised. THAT'S NO WAY TO TRADE!!! CAN YOU HEAR THAT IAN?? This is a trend and it is definitely costing me.
I guess it's a swing from when I was mainly trading tight market neutral options strategies and conditioned myself to stop being such a chicken and getting out of trades that wound up working out. I'm guessing these are two different animals...and I will treat them as such, instead of applying the same mentality to both. ESPECIALLY when there are futures profiles confirming the prognosis that it's time to exit.