The 24-hour rule: do you wait a day before big decisions?

After a big loss or win, the 24-hour rule postpones consequential decisions — depositing more, doubling size, quitting — until the emotion settles. Simple, old and effective.

Do you use it?

• the decisions you defer by a day
• the disaster the rule prevented
• where the rule doesn't work

The drawdown guide argues for exactly this kind of delay.