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Swing Trading the Stock Market

How To Know When To Raise The Stop - Loss Vs Taking Profits

Swing Trading the Stock Market

Ryan Mallory

Business, Investing

4.7828 Ratings

🗓️ 17 August 2018

⏱️ 11 minutes

🧾️ Download transcript

Summary

It is the question that haunts traders - do I take profits now, or let them ride by raising the stop-loss a little more. That will all depend on the type of market you are in and whether you are long or short. In my latest financial podcast on the stock market, I address the best approach to maximizing your profits on your swing-trades.


Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at:⁠⁠ ⁠⁠https://www.shareplanner.com/premium-plans⁠⁠⁠⁠

📈 START SWING-TRADING WITH ME! 📈

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Click here for all of my training courses:⁠⁠ ⁠⁠https://www.shareplanner.com/trading-academy⁠⁠⁠⁠

- The Winning Watch-List —⁠⁠ ⁠https://www.shareplanner.com/winning-watchlist⁠⁠⁠

- Patterns to Profits —⁠⁠ ⁠⁠⁠https://www.shareplanner.com/patterns-to-profits⁠⁠⁠

- Get 1-on-1 Coaching —⁠⁠ ⁠⁠⁠https://www.shareplanner.com/coaching⁠⁠⁠⁠⁠

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🎧 LISTEN TO MY PODCAST 🎵

Click here to listen to my podcast:⁠⁠ ⁠⁠⁠https://open.spotify.com/show/5Nn7MhTB9HJSyQ0C6bMKXI⁠⁠⁠⁠⁠

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💰 FREE RESOURCES 💰

My Website:⁠⁠ ⁠⁠⁠https://shareplanner.com⁠⁠⁠⁠⁠

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🛠 TOOLS OF THE TRADE 🛠

Software I use (TC2000):⁠⁠ ⁠⁠⁠https://bit.ly/2HBdnBm⁠⁠⁠⁠⁠

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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is brought to you by Shopify.

0:03.0

Looking to start a side hustle or become your own boss, do it with Shopify.

0:06.9

Whether you're selling succulents or stilettos,

0:09.3

Shopify has the industry leading tools to help you create, control and grow your own business.

0:13.9

So get serious about selling and get Shopify today.

0:16.9

Sign up for a £1 per month trial period atify.com.com slash special offer or lowercase.

0:23.1

That's Shopify.com.com slash special offer.

0:33.9

Learn to trade stock successfully. Learn to profit consistently. I'm Ryan Mallory and on my weekly

0:40.6

podcast, I'm going to teach you the ends and outs of a complex, ever-changing stock market.

0:47.5

You will learn to trade better, trade smarter, and profit bigger. Now, let's go trade. Hey everybody. This is Ryan Mallory with SharePlanters

0:59.3

swing trading podcast, and I am glad to be doing number 26 with you guys here today. And

1:05.4

let's talk about raising the stop loss versus taking profits. It's a question that a lot of traders struggle

1:13.2

with and really contemplate on their trades each and every day when they have profits.

1:18.5

Should I just keep raising the stop loss or is the market going to tank? I'm going to wish

1:21.9

that I would take in that small profit or big profit and just go on ahead and exit it out quietly out the side door.

1:30.5

So that's the big, big question here for traders.

1:33.5

And it, for me, is dictated by what kind of market are we currently in?

1:38.8

And equally important, it's going to be dictated by the kind of trade that we're in as well.

1:43.9

So let's look at the first point.

1:47.7

Trending markets. Do you take profits in a trending market or do you raise the stop?

1:52.1

Well, for the trending market, you're going to want to raise the stop loss. You're not going to

1:56.2

want to just go ahead and take it out. So if you're in a trend like what we saw in the beginning

...

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