cut your losses

cut (one's) losses

To stop an action that has resulted in loss or failure or leave a failing situation before it gets worse. Man, this venture is going nowhere—I think we're better off cutting our losses than agreeing to rent this space for another year.
See also: cut, loss

cut your losses

COMMON If you cut your losses, you decide to stop spending time, energy, or money on an activity or situation on which you have already spent a lot without having any success. Competition in the market was so strong, we decided to cut our losses and close the business. Only you can decide if you should push on to the end of your degree or cut your losses and get out.
See also: cut, loss

cut your losses

abandon an enterprise or course of action that is clearly going to be unprofitable or unsuccessful before you suffer too much loss or harm.
The sense of cut here is probably ‘sever yourself from’ rather than ‘reduce in size’.
1991 Jane Smiley A Thousand Acres Ginny is eternally hopeful, you know. She never cuts her losses. She always thinks things could change.
See also: cut, loss

cut your ˈlosses

stop doing something that is not successful before the situation becomes even worse: When our rent went up we decided to cut our losses and close the store.
See also: cut, loss
References in periodicals archive ?
Statistics like these, when read by fearful consumers who have found it necessary to place loved ones in long-term care facilities, coupled with aggressive advertising by some members of the legal profession, underscored by tenacious state reviewers working for government monitoring systems, all combine to create a mind-set for the long-term care profession: You are going to have problems; accept them, cut your losses, "admit" defeat--but keep doing your job caring for America's elderly.
Most experts and small business "joiners" agree that if--provided you're devoting enough time and energy and in spite of your early research--the group doesn't produce benefits within a year, then it's definitely time to cut your losses and move to another group.
Cut your losses are the three most important words in any employee's vocabulary.
Then it is cut your losses, not make a profit, " he said.
I'm talking about using price and volume to know when to pull profits and cut your losses.
If you found out the money you relied upon to run your business was in a casino you would have cut your losses and taken your money rather than putting it on red once again.
As for advice, Jay provided several bullet-point suggestions, including study and learn the markets before investing real hard earned money, do not attempt short-term trading as a beginner, cut your losses quickly, ride your winners until they are old nags, do not buy stocks which are short-term extended in price, do not buy stocks which are in established down-trends and never buy a stock without a pre-determined stop loss price at which you will sell.