Anchoring to the entry price makes stops harder to honour

[Amanhasnoname]

Once a position is open, the entry price becomes a reference point. Price returning to it feels like a rescue, and the idea of closing at a loss feels like admitting a mistake.

That anchor distorts decisions. A trade that should be closed at the stop gets held in the hope that it will come back to break even. A losing trade is held longer than a winning one, since the entry level is the target the mind sets.

The market does not care where the entry was. The question that matters is whether the trade would be taken now, at the current price, with the current information. If not, the position should be closed.

Asking that question deliberately during a drawdown can break the anchor. It reframes the trade as a fresh decision.

Reviewing trades where the stop was moved or ignored shows how often the anchor wins, and what that costs.

Does the break-even hope influence decisions, and how is it handled?