Doubling Down Your Trades
Swing Trading the Stock Market
Ryan Mallory
4.7 • 828 Ratings
🗓️ 20 October 2023
⏱️ 15 minutes
🧾️ Download transcript
Summary
Doubling down on your trades can come at a huge cost for traders, resulting in staying in a trader longer than you ever expected, at a price you never imagined. What should a trader do when they find themselves in this position? Should they continue to double down, or cut and run. In the future, what can a trader do to prevent this from happening? In this podcast episode, Ryan dissects the mental decisions that lead to this bad trading practice and what you can do to prevent it in the future.
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Transcript
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| 0:00.0 | This episode is brought to you by Shopify. |
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| 0:16.9 | Sign up for a £1 per month trial period at Shopify.com.com slash special offer or lowercase. |
| 0:23.1 | That's Shopify.com.com slash special offer. |
| 0:33.4 | Hey, I'm Ryan Mallory and this is my swing trading, the stock market podcast. |
| 0:37.9 | I'm here to teach you how to trade in a complex, ever-changing world of finance. |
| 0:42.8 | Learn what it means to trade profitably and consistently, managing risk, avoiding the pitfalls of trading, |
| 0:48.6 | and most importantly to let those winners run wild. |
| 0:52.2 | You can succeed at the stock market and I'm ready to show you how. |
| 0:56.8 | Hey everybody, this is Ryan Mallory with swing trading the stock market in today's episode. |
| 1:01.8 | We're going to talk about doubling down on your stocks and member of the trading block. |
| 1:05.6 | We're going to call him Lyle, give him a good Florida red nickname. |
| 1:09.5 | O Lyle posted in the trading block that had some problems |
| 1:13.6 | with a recent trade and he's found himself just doubling down constantly and he's taking on |
| 1:18.6 | some big losses as a result of it. So I told him instead of just talking about it in the discord for the |
| 1:24.6 | trading block, I would do a podcast episode on it because I actually think a lot |
| 1:28.4 | of people could benefit from this. I think it's something that we've all done at some point |
| 1:31.6 | of time and a good chance, something that we find ourselves in the midst of right now or we have |
| 1:36.8 | trades in our portfolio that are bleeding red right now because of decisions in the past that |
... |
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