A trade with no possible upside. $ that could have been used in the future on much better trades.
Find a stock that looks like it's going down.
Pretend that you bought it.
Practice what you would do in that situation to cut your losses and get out at the best price.
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Trading Exercise for New Traders.
Cutting losses is a skill & makes a big difference over the long term. Many new traders are not good at cutting losses and put stops that are too low or sell shares too late for much lower prices.
Needlessly wasting good money on a trade
