CFD lesson: Moving the stop on $AAPL
Thought I had a decent setup on $AAPL short a few months back. Market was rolling over, tech looking weak. Entered, felt good, then it popped slightly against me. My initial stop was tight, as it should be, just above a minor resistance. But I started rationalizing: "it's just a shakeout," "this level should hold." Ended up moving the stop up a couple of times, convinced it would turn. It didn't. Blew right through my adjusted stops and then some. The initial loss would have been manageable, a small ding. By moving the stop, I turned a papercut into a gushing wound. Hard lesson learned about respecting your initial thesis and sticking to your risk management plan. No amount of hoping changes price action. Either your setup works or it doesn't; don't make it work by force.