$XAUT Retail Trader Urban Legends

1. Take small profits and exit, missing out on major market moves
2. Don't exit after small profits, watch floating gains turn into floating losses on pullbacks
3. Hold through small losses that become big losses, hold through big losses until liquidation
4. Cut losses on small drawdowns just before reversal, hold through big losses only to see reversal after cutting, hold to the end and receive forced liquidation notice, reversal occurs right after liquidation
5. Short position gets blown out, reverse to long, trapped at the top
6. Can't find the bottom when buying the dip, reverse to short, get stopped out on the rebound
7. Make small profits for several days in a row, think you're a Wolf of Wall Street, then take one massive loss. I'm underage, requesting a refund
8. Entered the market to make money, ended up fighting to break even the whole time, losses keep piling up
9. How to end these nightmares? Don't hold losing positions, don't add to positions, don't add margin. Trade with isolated margin, set entry margin at liquidation level—either profit or exit with small losses