Hey, I'm Ryan Mallory, and this is my swing trading, 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 to let 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 Swing Trading the Stock Market podcast.

It's 11 o'clock and I am just now getting to this.

I try to do this once a week so that you guys have it for yourselves at least by Thursday

morning when you wake up for your commute to work or your commute home, whatever works

best for you or just somewhere in between.

I'm drinking an old fashion so if you hear a little bit of like a jingling, that's the ice hitting the sides of my glass.

And I've got my podcast notes written on the back of a dinner receipt that I found because I couldn't find any note cards.

And I left my notebook at work.

This goes back to December 4th of last year.

So, yeah, so I found the receipt lying around. I wrote down my notes on it.

And I even dated it. I don't know why I dated the receipt, but I did do that.

Today we're going to be talking about taking profits and your traits. Not all at once, but partially

along the way. Why do we do that? Why is that a good thing? So there's a few points that I want to talk about.

One is how it minimizes risk. The second one is it guarantees part of your trade will give you a

particular return. So there's a few other points and I'll get to those because they'll make

more sense as we get it later into the podcast episode. But the first is it minimizes risk.

So let's say just to give you a better understanding of what I'm talking about, let's say you buy

...