Greed will take over in such a scenario to the low IQ and uninitiated masses. Even as an experienced day trader, I tell myself I will cut a losing position when it gets back to break even but the greed always rears its head.
It takes a strong will and learned mind to kill a position at break even after being down, especially on an upwards rally.
It takes a strong will and learned mind to kill a position at break even after being down, especially on an upwards rally.