Question

cut your losses

Accepted Answer

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. 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 your

Cut Abandon Enterprise Action Unprofitable Unsuccessful Suffer Loss