Cut Loss or Hope? He Chose Hope | STR 069
If you’ve traded for any decent amount of time, and are being honest with yourself, I’m sure you can probably relate to our guest in at least one regard. Tim (chat room alias, “Toggs”) found himself using the strategy of “hoping” a stock would go in his direction, after it already had not, instead of just cutting the loss. This strategy is one of the many interesting rabbit holes we wander down with “Toggs”, and as always, through some of his painful experiences, we are all able to learn something… free of charge!
