I love momentum in trading. My entire trading strategy is based on momentum.
So whenever I see a stock trending really well, I will always think to myself “I’ll just jump in and out here for a quick profit!” even though the setup is not the exact setup that I am supposed to trade.
This is especially so when I’ve just had some losing trades and am desperate for some quick profits to feel good about myself.
One word of advice: Don’t. Just don’t.
More often than not, it doesn’t end well for me.
So just don’t do it.