If I had only one tip to tell a new day trader it would be.
"NEVER buy a stock long that has just spiked in extreme volume and price".
That's a Death Trap. A top!
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Made that mistake so money times, and still do here and there. Either that or I buy when I think I’ve found bottom and it just keeps dropping but instead of cutting weight I hold like an idiot
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I feel ya man...I bought FUBO at the ABSOLUTE top ($52) and then it tanked...learned my lesson... now holding that one real long to try when get some money back
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