Your position is deep red and you're wondering — should I cut my losses now? The pain of watching your portfolio bleed is real. But cutting losses in panic is how traders lock in regret. Should I sell or hold? That question, asked in the heat of the moment, is driven by loss aversion — not strategy. Before you take profit on what's left or ape into something else out of revenge, audit your impulse. Don't get rekt twice.
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Or write the trade on your mind:
Checking this trade...
Related decision moments:
Cutting losses is a valid strategy — but only if it is part of your plan. If you are reacting to fear, that is panic selling. Our impulse audit helps you distinguish between discipline and emotion.
A stop loss should be set before you enter a trade, not decided in the heat of the moment. If you are asking this question now, your impulse — not your strategy — is in control.
Loss aversion makes losses feel twice as painful as equivalent gains feel good. It causes traders to hold losers too long and sell winners too early. Recognizing this bias is the first step to beating it.
This should be decided before you enter, not after. A common rule is 5-10% for active trades, 20-30% for longer holds. But the number matters less than having one. Deciding your stop loss while in a losing position is almost always too late.
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