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Trader awareness card 10 / 32
The Bottomless Chalice
A Cautionary Tale of Open-Ended Loss
Card meaning
The Bottomless Chalice represents averaging down, martingale recovery, or any open-ended attempt to fight a losing position without limit.
“The cup that never fills will drink you dry.”
Signs to notice
- Adding to losers “to lower average”
- Believing you must recover the loss in the same trade
- No maximum loss limit
- Hope replacing strategy
Lessons to learn
- Cut losses at the planned level.
- Never average down without a new edge.
- Some holes have no bottom — stop digging.
- Capital preservation is the highest priority.
Drop the chalice before it drags you under.
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