#1 rookie trade of the month. This is what happens when you break all rules in the book! What went wrong: 1. Bad entry - chasing random spiker with no news and not analyzing chart at all! 2. Didn't cut the loss fast but instead made 3rd mistake averaging down. 4. And finally HOPED that it will come back a bit for an exit with at least no loss (i laugh to myself when I write this) - HOPE is not a strategy. Some great lessons here!