← All sixty
Free
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.
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.