Cut losses....

[Henrik Ekenberg]

Cutting losses is crucial in trading to prevent larger, potentially devastating financial setbacks.
This strategy ensures that losses remain manageable and do not disproportionately impact your overall portfolio. By setting limits on losses, traders can preserve capital and remain in the market longer, allowing for future opportunities to recover and achieve gains.
It's about protecting against the downside to fight another day, ensuring that no single trade can significantly harm your financial health.