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kill-criteria

Free

Writes down, before you buy, the three to five observable and dated events that would tell you the thesis is wrong. Separates a thesis kill, which means sell regardless of price, from a price event, which means nothing on its own.

Score and decideStage 5 Eight minutes. It is the highest-value eight minutes here.

Reach for it when

  • Before any first purchase, always
  • On existing positions that never had them, which is most of them
  • Right now, on your largest position
Needs first
A thesis. If you cannot state one, that is the finding.
Leaves behind
theses/<TICKER>/kill-criteria.md, which five later skills check against.
Takes about
Eight minutes. It is the highest-value eight minutes here.
Will not
Accept a vague criterion. "If it gets bad" gets rewritten in front of you as something you can check on a date.