Thought I could make some quick bucks off of flipping the trade on ASTS when I fell from its ATH last month. I had no idea what was coming next. My margin account saw a drawdown of 35% in just 3 weeks. I waited for it to bounce back but it continued its downward journey and I finally decided to sell and get out of it this morning.
I can’t complain because I had opportunities to make profit but I got greedy and stopped myself from using stop limit. Now with a little bit of more exposure and experience to this kind of trade, I wanna fix my losses.
I bought MU this morning and it’s given me 5% already. Can someone help me recover my losses without risking more money even it takes a while to get the money back? How realistic is it without investing a ton of time into it?
Appreciate the help
