Tactics Thursday: Cheapest Loss Wins
60-second discipline—cut −1 R before pride makes it two.
Today’s thought
First loss is cheapest; second loss is pride.
A trade underwater by one full risk unit (−1 R) has already told you your read was off. Holding on in hope, or doubling down, hands control to ego. Worse, the second loss often lands after liquidity thins and spreads widen, making the exit even more expensive. Cheap tickets out of bad ideas protect the equity curve so it can compound another day.
Tiny action – Scan every open position: if any trade is already down −1 R today, tighten the stop to that level or close it outright before the bell.
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