Kill criteria
Risk & psychologyPre-written conditions under which a strategy will be retired.
In plain terms
Decide them while calm. Deciding during a drawdown is how working systems get abandoned at the bottom.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Pre-written conditions under which a strategy will be retired.
Decide them while calm. Deciding during a drawdown is how working systems get abandoned at the bottom.