You hit your daily loss limit. Don't trust yourself to follow it manually โ flip the switch.
You're tilted. 3 losses in a row, you're angry, you're "going to make it back." Hit the button. Come back tomorrow.
A flash event. Flash crash, major news event, brokerage outage. Pause until you have clarity.
Major regime change. Calibration just broke. Don't trade until you've retrained.
You're traveling / distracted. If you can't watch positions and can't manage them, don't have them.