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SteadyTrade

Ep 185: Bad Trading Habits to Ditch in 2021

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 2 February 2021

⏱️ 47 minutes

🧾️ Download transcript

Summary

The 2020 market was one for the record books, and the madness is continuing in 2021. But this insane market has taught a lot of traders some bad trading habits.In the past year, we’ve seen new all-time highs in the major indices, hot IPOs, hot sectors, and huge volume. It seems like you could close your eyes, point to a chart, and pick a winning stock…And that’s giving new traders the wrong ideas about how the market works.Tune in to find out what bad trading habits our hosts, Kim Ann Curtin,...

Transcript

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0:00.0

Don't I think you guys told me this, but that I wouldn't want to look at the dollar amount,

0:05.1

but the percentages so that I keep my eye away from being demoralized by the dollars.

0:11.3

Or even the chart. You know, you're just looking at when you're when you're looking at your

0:14.9

stops, you know, again, if your plan is to buy a 250 break and risk VWAP and it's 225 and your goal is three plus,

0:24.1

you just you just look and if that stock touches 225, you're out.

0:28.5

You're not sitting there looking at that number and then the number goes up a little bit.

0:32.5

And then it goes down.

0:34.3

You know, you're looking at that chart.

0:37.1

You're looking at your plan. And if it hits your stop, you take your stop down. You know, you're looking at that chart. You're looking at your plan.

0:38.7

Yeah.

0:38.8

And if it hits your stop, you take your stop.

0:40.7

And, you know.

0:46.4

You're listening to the Steady Trade podcast.

0:50.8

A podcast that inspires traders to make meaningful strides and pursue their passions.

0:57.1

Your hosts are Tim Bowen, the lead trainer at Stocks to Trade Pro, Kim Ann Curtin, the Wall

1:03.2

Street coach, and Stephen Johnson, the up-and-coming trader who's always willing to learn.

1:08.9

Together, we'll sit down with experts to talk about their process, the lessons they've

1:13.8

learned, and discuss how all traders can level up their trading careers.

1:20.8

Welcome to the steady trade podcast.

1:23.1

We have Kim and Tim.

1:25.7

We are now ended into the new year.

1:29.2

And the other thing that's boosted and came through into the new year with

...

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