Trading: Conviction versus Stubbornness

Brexit is the withdrawal of the United Kingdom (UK) from the European Union (EU). Following a referendum held on 23 June 2016 in which 51.9 per cent of those voting supported leaving the EU.  (Source: Wikipedia) Now, nearly 3 years later the GBPUSD is still remains ~14.7% below the price before the referendum. I would like to use this example to stress the…