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In trading, “having the bigger picture” is just ignorance.
Dying on the line is called “having the bigger picture”; cutting losses with a stop-loss is called “not having the bigger picture.”
Taking a little profit and running is called “not having the bigger picture”; getting cut down to half is called “having the bigger picture unlocked.”
Don’t lie to yourself.
What you call “the bigger picture” is nothing more than a lack of courage to face losses.
The real “bigger picture” is: when you reach your level, you cut decisively; you stick to discipline; and you admit your mistake.
If you can’t even do a stop-loss, what “bigger picture” are you talking about?
Having the courage to sell—that’s the bigger picture.
Having the courage to admit it—that’s the bigger picture.
Having the courage to face reality—that’s the real bigger picture.