Not sticking to my stop-loss cost me four excellent positions 🩸
Some may think now that the drop in Nvidia stock $NVDAB was almost certain 😓
But I thought 👁 that when the S&P 500 index $SPYB fell below $7,300, it would repeat what had happened a few months earlier and then rise. I also saw that AI stocks were falling the most, even though their revenues and returns were excellent 📈
So I opened several trades in $AMDB , SKHY, and ANET—all long positions 🟢—and a short position on oil, BZ ⭕️
And I looked at Nvidia and thought, “AI stocks won’t rise without their biggest player, Nvidia (NVDA).” That was the trap 💔
Stocks were rising and oil was falling, and all my positions were open. But Nvidia stock was dropping, so I kept buying and increasing my position. Every time it fell, I added to my position to lower my entry price. I closed my winning trades early and put the money into Nvidia (NVDA). In the end, I was betting the wrong way.
🎯 What do you think was the trap I fell into? ⁉️
💠 Some may think they’re just pennies 😅, but those who don’t protect their pennies won’t protect their thousands and millions 🌹
#LearningTogether #TradingCommunity #Loses
Some may think now that the drop in Nvidia stock $NVDAB was almost certain 😓
But I thought 👁 that when the S&P 500 index $SPYB fell below $7,300, it would repeat what had happened a few months earlier and then rise. I also saw that AI stocks were falling the most, even though their revenues and returns were excellent 📈
So I opened several trades in $AMDB , SKHY, and ANET—all long positions 🟢—and a short position on oil, BZ ⭕️
And I looked at Nvidia and thought, “AI stocks won’t rise without their biggest player, Nvidia (NVDA).” That was the trap 💔
Stocks were rising and oil was falling, and all my positions were open. But Nvidia stock was dropping, so I kept buying and increasing my position. Every time it fell, I added to my position to lower my entry price. I closed my winning trades early and put the money into Nvidia (NVDA). In the end, I was betting the wrong way.
🎯 What do you think was the trap I fell into? ⁉️
💠 Some may think they’re just pennies 😅, but those who don’t protect their pennies won’t protect their thousands and millions 🌹
#LearningTogether #TradingCommunity #Loses
