The market goes strongly against me. I see potential major loss. The risk manager cometh -- he tells me to cut the position in half. Now, here is what happens when the risk manager comes == I lose money, and three out of four times the market goes back into my favor. I usually get out at the worst price. But the risk manager also helps me avoid catastrophic losses once out of four times. So, small guaranteed losses vs avoiding a serious loss. Yes, it is frustrating to see the market come back, yes, it is frustrating to get out at the worst price -- "if only I had hung on a little longer". But I feel that sigh of relief when I avoided tanking my account. I am still in the game. Remember that whenever you hit your stop/loss and want to wait just a little longer.