Sunk-cost thinking: why are you still in that losing trade?
The money already lost in a position is gone either way, yet it anchors the decision to stay: "I can't close now, I've given up too much already". The anchor is psychological, not financial.
Have you felt it?
- the losing trade you held for sunk-cost reasons
- the thought process at the time
- how you broke the anchor
The stop-loss guide pre-commits the exit before the anchor forms.
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