I consider this a classic case study on trading psychology. Amateur traders wait until there is an abundance of confidence, a feeling that they just can't lose, before establishing a position. Same reason why the mom and pop investors and the rest of the "herd" wait for the market to rally for months on end and usually enter the market right at the top. Then, conversely, once the market begins to decline, they hold on to their losing positions out of fear of translating their "paper loss" into a real one, while the institutional investors unload like there's no tomorrow.
In this case, you waited for me to post 15+ consecutive winning trades, and then finally jumped onboard one that is turning out to be a loser, at least the way you have traded it. But you continue to hold this losing position??
I am human just like everyone else on this board, I make mistakes just like everyone else. The only thing that keeps me consistently in the green is that I have learned to take risk when the majority of the people are too afraid, and to mitigate the losses that come with losing positions.
FYI, my "trade" was never to buy NUGT at $34 and hold on to it, I started scaling into the position at $33.50, all the way down to the $24 range, and selling for 5-7% chunks of profit on bounces, then re-buying those lots at lower prices. I did that about 6 times now and am in the GREEN on this trade overall. I posted all these moves within minutes of me making the trades. Everyone following this board had the same opportunities to make the same trades, the only thing standing in their way were emotions. My motto is this: if I follow a strategy, I follow it verbatim. I do not allow my emotions to get in the way of what the strategy is dictating to do. 95% of people fail at doing this, same reason why 95% of "traders" lose money.
Please don't take this personally, I am just trying to be objective. Do not get frustrated with me if you are in a losing position because of decisions you made, not me.
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