Timeframe drift
Risk & psychologySwitching to a longer chart to justify holding a position that has hit its stop.
In plain terms
Converts a small planned loss into a large unplanned one, because the position size no longer matches the stop.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 1 term
Switching to a longer chart to justify holding a position that has hit its stop.
Converts a small planned loss into a large unplanned one, because the position size no longer matches the stop.