$TIMI I This wave has been a disaster! Newbie traps must be guarded against
Seeing brothers share their trades in the square, the trend of $TIMI is indeed heart-wrenching. Clearly wanting to wait for a rebound, but instead getting more and more stuck, a typical "hopeful holding" trap.
💔 Classic pitfall poses
· Fantasizing a rebound in the early stage of decline
· Choosing to tough it out after losses
· Missing the best stop-loss opportunity
🛡️ Cut-loss guide
1. Set mechanical stop-losses, do not rely on feelings for operations
2. Single losses should not exceed 5% of the principal
3. Break below key support, decisively exit
The market specializes in treating all forms of disobedience, when it's time to admit defeat, admit defeat. As long as the green mountains remain, there's no fear of not having firewood!
Have you had similar experiences? Vent in the comments!
