Your First Entry Is Not the Entire Trade
About this episode
This episode discusses the importance of viewing the first entry in trading as just the beginning of the trade and emphasizes effective trade management beyond the initial buy.
Most traders put a huge amount of pressure on their first entry. They feel like they need to buy the exact bottom, and if the stock pulls back after they buy, they assume they made a mistake. But what if your first entry is simply the beginning of the trade? In this episode, we explore why successful trade management doesn't end when you click the buy button. We discuss how to think about your first entry, when it makes sense to hold, add, reduce, or exit, and why managing a position often ma...
More episodes of Stock Trading for Beginners
- How to Know When Your Trading Thesis Has Actually Changed
- Why You Keep Selling Your Best Stocks Too Early
- The Biggest Trading Mistakes Happen After You Buy
Explore listener stats, chart rankings, contacts and more on the Stock Trading for Beginners podcast page.