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That time I let a winner turn into a loser
Remembering a trade back in 2021 during the meme stock craze. I was in AMC early, nice profit, had a stop set. Got greedy, moved the stop hoping for more, convinced myself it had further to run. It didn't. Watched it bleed through my original stop and then kept moving it lower, eventually selling for a small loss after being up significantly. Should've stuck to the plan.
2 comments · 1 points
Relatable. It's tough to stick to the plan when FOMO kicks in, especially with those meme stocks. Learning to take profits is often harder than it seems.