1 definition by Trade Pimp
In securities trading a trader is said to be under the influence of the fictional narcotic hopium when she/he finds themselves deeply in the negative on the wrong side of a trade. The trader will continue to hold the position in the hopes that the security will return to the value at which they acquired it. (eg. staying long in a stock position when the price continues to plummet)
Cramer, you are totally smoking hopium man, thinking that stock will go back up anytime soon. Just sell it and get out!
by Trade Pimp February 19, 2010