Episode 210: Risky Business: How to Keep Your Cool When Trades Get Hot
SteadyTrade
SteadyTrade.com
4.6 • 589 Ratings
🗓️ 27 July 2021
⏱️ 61 minutes
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| 0:00.0 | The biggest problem that I found in one of the reasons why I've had a setback, |
| 0:04.0 | it took us about six weeks to figure it out, is just because I was making money, |
| 0:09.0 | that doesn't mean you should just size up, size up, size up, size up. |
| 0:12.0 | Just because you're having like a 20k or a 15K months, |
| 0:16.0 | that doesn't give you an automatic permission to size up. |
| 0:19.0 | Like everyone has a level where it's easy easy, easy-ish to cut the losses. |
| 0:24.0 | Everyone has a level where it's, oh, it's not too difficult to stick to a plan. |
| 0:29.0 | Like, for me, my figure is like I can cut a $200, $300 loss. |
| 0:33.0 | I can cut them all day, but I can't cut a $600, $700, $800. |
| 0:36.8 | I can't cut a $600, $700, $800.800 loss. I can't. |
| 0:43.6 | You're listening to the Steady Trade podcast. A podcast that inspires traders to make meaningful |
| 0:51.8 | strides and pursue their passions. |
| 0:58.3 | Your hosts are Tim Bowen, the lead trainer at Stocks to Trade Pro, |
| 1:04.7 | Kim Ann Curtin, the Wall Street coach, and Stephen Johnson, the up-and-coming trader who's always willing to learn. |
| 1:06.2 | Together, we'll sit down with experts to talk about their process, the lessons they've learned, and discuss how all traders can level up their trading careers. |
| 1:18.7 | Welcome back to the Steady Trade podcast, everyone. I am Tim Bowen back with Kim and Stephen. I think we've got one of the most important topics that I think that, you know, |
| 1:29.9 | it's funny we, I think gets overlooked so, so, so, so much. And you'll hear me talk about this a lot. |
| 1:36.4 | I mean, listen, a lot of you probably come to trading for the same reason. And listen, I came to it |
| 1:43.0 | for that same reason as well. You always think about |
| 1:45.7 | the profits. Okay. I always like maybe if we had a CGI department, I could put like those, I need like |
| 1:51.0 | those dollar sign glasses. Somebody, somebody sent me some preparation H from Amazon. Somebody has sent me |
| 1:58.6 | some cargo shorts from Amazon. Somebody shortly sent me some cargo shorts from Amazon. Somebody's short and sent me some |
... |
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