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In my experience, when you don't have a plan, things go from bad to worse more than they go from bad to "getting better." 

Mistakes happen. Bad trading is another ball of wax.

When you're in that rut, you can compound things by not keeping it simple and just offsetting the trade.

I can remember guys trying to sell options calls on stock positions that were losing money instead of doing the smart thing and selling the stock for a small loss.

Instead of doing the smart thing, the trader has a loss on the books, has sold the call at the wrong time, and in selling the call has capped his upside. 

This is the way to compound errors. 

Keep your initial model simple. 

Risk on and risk off. 

You can learn about combinations and more sophisticated trading when you are already profitable in one area. 

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