Trading Against Hope
Swing Trading the Stock Market
Ryan Mallory
4.7 • 828 Ratings
🗓️ 4 April 2019
⏱️ 14 minutes
🧾️ Download transcript
Summary
We all know about greed and fear as primary emotions that affect us in our trading decisions, but what about HOPE? Isn't hope a good thing? In life, yes, but in the stock market, absolutely not! Hope will increase our losses and cause us to make the worst of decisions. Simply put there is no place for hope in your trading.
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Transcript
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| 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, |
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| 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. |
| 0:56.3 | Hey everybody, this is Ryan Mallory with my Swing Trading the Stock Market podcast. |
| 1:00.4 | Today, we're going to talk about trading against hope. |
| 1:04.7 | So many times I've talked about how important handling your emotions are in the stock market. |
| 1:10.1 | If you really want to find your flaws as a human being, |
| 1:12.9 | if you want to see where you're having some emotional issues at, start trading stocks because I guarantee |
| 1:17.9 | you'll start learning things about yourself that you never knew, how you view money, how you handle loss, |
| 1:22.6 | how you handle greed. And so emotions play such a huge and pivotal role in our trading success and being |
| 1:29.2 | able to maintain those emotions are critical. Now, I don't know if you've ever done the Myers-Briggs |
| 1:35.4 | test before, but it's really good to do that because you do learn a lot about your personality |
| 1:39.9 | and how that can actually relate to trading. But for me, I took it, and I'm an INFP. |
| 1:44.8 | So I'm considered to be introverted, but it's barely an introvert. |
| 1:49.2 | I was kind of like on the fence there. |
... |
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