Paper Hands

Paper hands means folding on any drawdown — selling into the first dip, panic-exiting on bad news, closing at a small loss before the trade has time to work. The crypto crowd uses it as an insult. Sometimes it's actually just risk management.

The real question is why you're selling. Selling a rug fast is correct. Selling a solid position at -15% because your conviction was never real in the first place is the failure mode. Build the thesis before the trade, not during the dump.