Hey, I'm Ryan Mallory, and this is my swing trade in the stock market podcast. I'm here to teach you how to trade in a complex, ever-changing world of finance. Learn what it means to trade profitably and consistently, managing risk, avoiding the pitfalls of trading, and most importantly, letting those winners run wild. You can succeed at the stock market, and I'm ready to show you how.

Hey, everybody. This is Ryan Mallory with shareplanner.com swing trading the stock market.

In today's episode, we're going to talk about adding to existing positions, not in the

traditional sense, because Lord knows I've talked about that a lot and how I'm actually

against adding to existing positions. For instance, you get into a stock at $100,000, sense because Lord knows I've I've talked about that a lot and how I'm actually against

adding to existing positions. For instance, you get into a stock at $100 a share and then it goes

up to $102 and you just keep on adding to the stock until you have a full position. I'm against

that, but there's a different form that I'm not against that I want to talk about in what cases it is acceptable to add to a current position.

Today's question comes from a member of the share planner trading block and in the discord he asked

about this. And I thought it was a really good question at the time. But the more I thought about it,

I said, this would also be something good to address with my podcast listeners as well.

So this person, again, I don't use people's real names or identities because I don't want them to regret having their name associated with this podcast or something in the future.

Not that there would be a reason to, but I usually give people Florida redneck names.

And in this case, this person's Canadian.

So I'm going to give him a good old Canadian name, Johnny Canuck.

Now, that's not necessarily a redneck name, but man, that is a solid Canadian name.

So Johnny Canuck, there was a simple post that he wrote.

He said, a question for you, Ryan, I'm still holding one-third of Ulta since the play on December 19th where I got in at $603 a share.

I really like the way that it is setting up right now for another breakout.

Have you ever

gotten into a new trade setup while still holding a portion of a previous trade? And if so,

how do I manage that? Or how did you manage that? He didn't really say sincerely Johnny Canuck,

...