Cut Losses Quick aka "Breakout or Bailout"

Alex Winkler
lesson / review

Missed a lot of moves I wanted and then kinda FOMO'ed into not so hot moves. Happens but still avoided a lot of risk so all in all, it was a good day!

EKSO$10.15-6.88% VXRT$0.58-8.52% ALT$2.91-3.68% IBIO$1.76+1.15% MDCA—— CTXR$0.72+3.57%

https://youtu.be/DUWmyCfPIFY

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FAQ

FOMO stands for 'Fear of Missing Out,' which refers to the anxiety that traders feel when they see others making profitable trades and feel compelled to join in, often leading to impulsive decisions.

The stocks mentioned include $EKSO, $VXRT, $ALT, $IBIO, $MDCA, and $CTXR.

The main takeaway is the importance of cutting losses quickly and avoiding unnecessary risks, even when feeling pressured to make trades.

To avoid FOMO, it's essential to stick to a well-defined trading plan, set clear goals, and remain disciplined, rather than reacting impulsively to market movements.

Missing trading opportunities isn't necessarily bad; it can be a sign of prudent risk management, as avoiding poor trades can lead to better long-term results.


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