Kalshi - Prematurely Liquidating Contracts

My biggest Kalshi misstep, and it's a common one in other markets too, has been liquidating contracts too early on a perceived turn in momentum, only to see the original thesis play out after I'd exited. Specifically, I was holding a decent position on a 'will X happen by Y date' contract, where X was looking increasingly unlikely a few days out. The price started to dip, and instead of sticking to my original reasoning or even just letting it ride to expiry for the full loss/gain, I panicked, closed it out for a moderate loss to 'save' capital. Of course, the very next day, news broke that completely shifted the probability, and the contract went full steam ahead to settlement, which would have been a significant win. It’s a classic case of not letting the trade develop and allowing short-term price action to dictate a premature exit from a fundamentally sound, albeit speculative, position. The lesson is always: conviction, or lack thereof, should be based on the underlying event's probability shifts, not just market noise.