Rules that backfired · Lesson 21
I tested cutting losers early. It lost money
The test · ~260 simulated trades
- Trades that start against me
- about half
- Of those, still winners
- almost 6 in 10
- Success bar, set first
- make money every time
- Result
- lost money every time
"I wrote down what would count as success first."
▶ Watch the ShortWhat it taught me
About half of my trades start by going against me, and almost 6 in 10 of those still end up as winners.
I tested the habit of cutting losers early, selling as soon as a trade moves against you, on about 260 simulated trades from one of my setups. I wrote down what would count as success first. It had to make money every time, and it lost money every time.
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