Stop loss really feels a bit like a breakup... dragging it out without admitting it, watching it haunt you day after day. The longer you delay, the more it hurts, and it ends up taking up all your emotions and attention too. To put it bluntly, admitting the loss is the hardest moment, but once you cut it, you actually feel lighter—so you don’t end up paying “interest” in the form of getting worn down and then randomly adding positions or impulsively topping up.

Lately, everyone’s been talking about expectations for rate cuts, right? The U.S. Dollar Index and risk assets have even started rising and falling together for a while, then going their separate ways. Anyway, in an environment like this, it’s easiest to feel like, “Just wait a bit longer and you’ll break even.” Today, that thought almost got me—I even almost tore up the rules I’d written on the sticky note... Luckily, in the end I cut according to the line, cursed myself a couple of times, and moved on.

For now, that’s it. I’m going to finish tonight’s review, and I’ll also post tomorrow’s stop-loss line right on the edge of my screen.