A Scenario to Avoid:
– Stocks (usually penny stocks) that have a supernova spike
– It is spiking incredibly high, but you enter short
– You’re looking for the decline to happen right away, but it keeps increasing
– You were right that it would decline, but it happened later than you expected so you take a loss
– Even though you were right, you still lose because your timing was off
#stocktrading #tradingmistakes #stockmistakes #tradingloss #lossmentality
Posted at: https://tradersfly.com/blog/stock-trading-mistake/
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