$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