"to cut your losses"
to stop wasting time or money on something by ending your connection to it
Related words and phrases:
Two colleagues are talking ...
Colleague 1: How is your stock market investment going?
Colleague 2: Not so well. At first the stocks I bought were doing very well but then there was a turn in the market and now the stock price is falling rapidly with no end in sight.
Colleague 1: Perhaps it is time to cut your losses.
Colleague 2: I suppose that I should sell my stock now and avoid losing any more money.
Two friends are talking ...
Friend 1: Have you convinced Sarah to date you yet?
Friend 2: No. I keep buying her gifts and calling her on the phone and asking her to go out with me but she continues to refuse. I think I am going to just cut my losses.
Friend 1: Maybe it is a good idea to stop spending so much time and money on something that will never happen.
Friend 2: I will just think of the resources I have spent so far as a good lesson in what not to do.
Cutting your losses, you accept the reality of the situation and lose some money before you lose a lot more money.
1) ... he was a victim of football clubs being a business, looking to cut their losses on an investment which all of a sudden became a lot more high risk.
2) ... when companies started trying to cut their losses by offering partial payouts.
3) ... being relative busts along with the returns their teams got when they cut their losses and traded them away.
4) When a bet goes wrong, they cut their losses and run. And never look back.
5) ... hit the market as owners try to salvage their gains or cut their losses. And just then, liquidity evaporates, as it always does during housing busts ...
6) ... a price goes down enough, at some point you just have to cut your losses and liquidate.
7) ... this has all gone wrong, cut your losses and go.
8) It's time to recognize the futility of this project and cut your losses now rather than later.
9) ... surefire ways you CAN spot an emotionally unavailable man -- so you can cut your losses early before you and your heart gets all wrapped up in his thrill seeking.
10) ... you probably need to move on, cut your losses and employ someone new.
11) ... government invested more than R7bn in it before deciding in 2010 to "cut its losses" and stop funding.
12) ... look for the Mediaworks door to be padlocked. Oaktree will just cut its losses.
13) ... is mulling the sale of its Giraffe restaurant chain in a move to cut its losses and distance itself from its former management's wrong-footed strategy.
14) ... the fallout has been ruinous so you can understand it wanting to cut its losses.
15) ... may have been a wise decision for ABC to pull the plug and cut its losses after the pilot. After the very low opening.
16) ... is believed to be an Indonesian who wants to offload the unit and cut his losses.
17) It is still not too late for the president to cut his losses and walk away with some dignity.
18) ... the " unwinding " of his investment in accumulators in an effort to cut his losses.
19) Its a wise move for the kid to cut his losses and move on.
20) Walker could learn a lot from Reagan's decision to cut his losses in Beirut in 1983 and not send more Americans to die in a conflict that ...