Cut Your Losses?? (Mean Reversion)

[abgespaced]

Well, because this post was bumped I'll chime in. Now that I feel I've got some kind of trading sense, "cutting your losses" to me means that I've made the wrong decision and the true value is now being reflected in the market price in opposition to what I thought the value was. It doesn't necessarily mean the price has gone against me after taking a position. The price often goes against me after taking a position, because the market is on the wrong side of the true value. So I hold my nerve and wait for a correction. But if I really have go it wrong, some signs will show and I will close out.

[Thebest147]

If your opening order is taken quickly and it moves against you your on the wrong side and cut,
There aren't to many dummies playing on betfair you have to assume they know move the you,