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SteadyTrade

Ep 209: Long vs. Short: What's the Best Market Strategy for You?

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 20 July 2021

⏱️ 37 minutes

🧾️ Download transcript

Summary

In this week’s episode of the SteadyTrade podcast, can hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen put the long vs. short debate to rest once and for all?Stephen and Tim defend their sides with passion … Kim’s in the middle asking thoughtful questions. She gets the guys to share the most important things to consider when you trade long vs. short. Does one strategy give traders better odds from the start? Stephen thinks so … and he shares some amazing statistics to back up his ch...

Transcript

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0:00.0

If you add to a loser long, you get punished nearly every time.

0:03.5

When you add to a short, when you're down, and you add to a loser when you're short, you're very often to get rewarded.

0:11.2

And you don't just get rewarded.

0:12.9

You'll have your biggest win of the week or your biggest win of the month.

0:16.5

Because not only did you build your position size, when that snaps, you've got a higher average and more downsides.

0:23.4

Nothing.

0:24.4

That encourages people to do that then.

0:27.2

And then you do more size and more size and more size and more size and you win and win and win.

0:30.8

You get a dopamine hit.

0:36.7

You're listening to the Steady Trade podcast, a podcast that inspires traders to make meaningful

0:44.8

strides and pursue their passions.

0:47.4

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

0:53.6

Street coach, and Stephen Johnson, the

0:56.3

up-and-coming trader who's always willing to learn.

0:59.3

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

1:04.2

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

1:09.0

Welcome to the Steady Trade Podcast.

1:17.9

I'm your host Stephen Johnson with the veteran Tim Bowen and Kim and Curtin by your side for a very hot and commonly discussed topic, something that Tim, Tim will get asked about,

1:25.1

something that will be kind of a potentially a heated debate.

1:29.1

It's the fact that when you start trading, should you go along? Because a lot of, a lot of, like,

1:35.4

Tim Sykes and the challenge, Tim Bourne and pro, they promote that you should start by going long,

1:42.8

despite the fact that there's actually a statistical edge on going

...

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