Market is going against me, but unable to cut my loses

Nifty has been in panic mode from past 1 Jan 637 points in 11 days and we have seen capitulation in Mid and Small caps. Most of traders were bearish were holding long and bought Call options as covered in FII analysis. With such sudden fall many traders are caught of wrong foot and now finding it difficult to cut their trading looses and go with the main trend.
The fear most of traders have What if as soon as i cut down my long positions in  Nifty/Stock reverse. With such inhibition in mind they keep on holding the and at worst keep averaging their losing trades. The end result market forces them to cut their positions when they are unable to fulfill the margin calls.

Most of traders are aware of this age old adage " A trader you should cut your losses short and let your winners run."Still most of traders work against this and keep blowing off their account.

What Stops traders

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